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International Economics - ECON5335 |
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International Economics What is international economics? International economics deals with how an economy interacts with the rest of the world, and how policies in one country can affect other countries. The international component of microeconomics usually deals with international trade and what determines why trade occurs, how much is traded and which countries produce specific goods and services for trade. The international component of macroeconomics deals with foreign exchange rate determination and how government policies in one country can affect the state of the another country’s economy. An understanding of international economics can help entrepreneurs and businesses to maximize their international exposure in foreign markets while minimizing their risk from adverse international events. Catalog description An analysis of why international trade takes place and how private agents react to changes in government policies. Determination of exchange rates, exports, imports, capital flows, employment, prices, interest rates, and economic growth are the focus of simple analytical techniques. Monetary and fiscal policies are also examined in an international macroeconomics context. Course objectives The objective of the course is for students to acquire an understanding of some of the basic notions and concepts used in international economics. This not only involves understanding basic international trade theory but also involves appreciating how exchange rates are determined and how international events can impact other countries like the United States. Learning Objectives: By the end of this course, students will be able to: 1. Understand the nature of the inter-linkages between countries. Throughout the semester, feel free to contact me at the coordinates listed on the 'professor' page. Good luck in this course. Professor Patrick Crowley |
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