Overview
This course deals with economic activities and interactions related to the countries of the world. It aims to introduce the principles and laws in international trade and finance, and teach the tools and techniques for analyzing economic issues between different countries and assessing their policy implications. It contains several major topics: international trade theory, international trade policy, exchange rate and balance of payment analysis.
By covering the topics essential to an understanding of the global economy, the course is easily accessible for students majored in economics and alike, and all other students who wish to know about international economy. The course provides students with global perspectives on economic decisions, and develop a critical mind towards both economic theory and real-world problem related to international economics.
During the spreading period of COVID-19, more than 200 undrgraduates majored in international trade and economics participated in the "International Economics" online course and provided positive feedback.
Learning Outcomes
Upon successful completion of this course, it is expected that you will have acquired the following course specific learning outcomes.
1. Understand why countries trade.
2. Analyze thebenefits of trade using technical tools such asDemand and Supply curves.
3. Enable you to understand why different people have different opinions on globalization.
4. Understand why governments especially USA take measures to protect trade and predict when the governments prefer to adopt protective trade.
5. Use models to analyze the effect of trade tariff and regional cooperation.
6. Predict the currency exchange rates fluctuation trend.
7. Predict the government’s policy change when facing the balance of payment deficits.
Prescribed Textbook
Dominick Salvatore (2013). International Economics. 11th ed. Wiley.
Paul R. Krugman, Maurice Obstfeld, Marc Melitz (2017). International Economics Theory and Policy. 11th ed. Pearson.