INTRO TO INTERNATIONAL ECON. RELATIONS (EC2030)

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Deals with the mechanisms of international trade and finance. Topics covered include the theory of trade, commercial policy, the international monetary system, the balance of payments adjustments process, regional economic integration, and the role of international organizations in international economic relations.

Code: 
EC2030
Name: 
INTRO TO INTERNATIONAL ECON. RELATIONS
Discipline: 
EC (Economics)
Type: 
Regular
Level: 
Undergraduate
Credits: 
4
Can be taken twice for credit?: 
No
Pre-requisites: 
EC2010GE110 OR EC2010 AND EC2020 OR EC2020GE110
Co-requisites: 
None

Learning Outcomes

  1. Assess policies that limit trade and the associated effects on consumers and producers.
  2. Demostrate how specialization and trade take place and how the gains from trade are distributed between the trade partners.
  3. Discuss exchange rate determination and fluctuation as driven by demand and supply.
  4. Identify trade theories that are based on perfect or imperfect competition.
  5. Recognize the elements of the balance of payments and the principles of BoP accounting.

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