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XuetangX

International Economics (Bilinqual Course)

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Overview


International economics includes two main parts.

One is the micro part, which explains the allocation of world resources between countries, including international trade theory (explaining the causes of trade, trade structure, and trade gains), international trade policy (guiding the practice of a country's government by trade theory), and international production factor flow theory. 

The second is the macro part, which refers to the accumulation and distribution of wealth between countries. Firstly, the balance of payments and international exchange rate system reflect a country's position and role in the distribution of wealth between countries. In fact, it is a macroeconomic policy under open conditions, that is, a country improves its position in the distribution of wealth between countries through macroeconomic policy regulation.

Course objectives

Firstly, the primary goal of this course is to cultivate learners' theoretical ability to analyze international economic problems. Through the study of International Economics, students can answer questions about the causes of international trade, the structure and optimization of trade, and the distribution of international trade benefits among different countries; When the distribution of trade benefits is uneven, different countries face theoretical issues such as how to seek cooperation and what avenues for cooperation when facing trade conflicts and frictions.

Secondly, enhance the practical ability to analyze the international economic situation. In reality, the international economy is more complex than theory, surpassing the common sense of ordinary people. On the basis of mastering a certain theoretical ability, cultivating the ability to analyze practical problems, facing the changes and challenges of the international economic situation, and being able to rationally analyze the dynamic evolution and development trends of economic relations between countries is the second goal of this course

Thirdly, the unity of knowledge and action should be established to bridge the gap from foundation to profession. International Economics serves as a bridge between Western economics and international economics and trade, international finance, cross-border investment, and other professions. How to build it well, Not only do we need to "know" theoretical knowledge, but we also need to "apply" theory to analyze reality, lay a theoretical foundation for subsequent subject learning, provide a certain level of practical cognition, and cultivate economists who keep up with the times, think rationally, and do not blindly follow.


Syllabus

  • Introdution
    • Chapter 1 What does International Economics explain?
      • Section 1 the definitions: nation-state、economics and theory
      • Section 2 main content: micro part and macro part
    • Chapter 2 Micro part: tools
      • Section 1 relative price
      • Section 2 Production possibility frontier: production decision-making
      • Section 3 community indifference curve: consumption decisiiion-making
      • Section 4 International exchange happens
    • Chapter 3 Micro part- International trade theory
      • Introduction: a world without trade
      • Section 1 Classical trade theory
      • Section 2 New classical trade theory
      • Section 3 demand and international trade
      • Section 4 product life cycle theory
      • Section 5 new trade theory
      • Section 6 the evolution of trade theory
      • Section 7 economic development and international trade
    • Chapter 4 Micro part: international trade measures
      • section 1 tools
      • Section 2 welfare effect of tariff
      • Section 3 Non-tariff trade measures
      • Section 4 the evolution of trade measures
    • Chapter 5 arguments for trade
      • Section 1 argument for free trade and protective trade
      • Section 2 economic integration
    • Chapter 6 trade development strategies
      • Introduction the relation with trade development and economy
      • section 1 trade strategy of developed nations
      • section 2 trade strategy of developing nations
    • Chapter 7 Cross border flow of production factors
      • Section 1 Cross border mobility of labor
      • section 2 Cross border mobility of capital
    • Chapter 8 Macro part
      • Section 1 balance of payment
      • Section 2 exchange rate and market
      • Section 3 Macroeconomic policies under open conditions
    • final exam

      Taught by

      Shandong Technology and Business University

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