ECON 296 International Economics

Study of the principles and practices of international trade including the historical and economic background of foreign trade tariffs, foreign exchange, international finance, international balance of payments, and contemporary problems and policies in the field of foreign trade.

Credits

3

General Education Competency

[GE Core type]

ECON 296International Economics

Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.

I. General Information

Department

Business & Economics

II. Course Specification

Course Type

Program Requirement

General Education Competency

[GE Core type]

Credit Hours Narrative

3

Semester Contact Hours Lecture

45

Semester Contact Hours Lab

0

Grading Method

Letter grade

Repeatable

N

III. Catalog Course Description

Study of the principles and practices of international trade including the historical and economic background of foreign trade tariffs, foreign exchange, international finance, international balance of payments, and contemporary problems and policies in the field of foreign trade.

IV. Student Learning Outcomes

Upon completion of this course, a student will be able to:

Be able to explain how the world economy works using the theories/models of international trade Comprehend the limitations of the theories/models of international trade Recognize the crucial role of choice of exchange rate system and its impacts of a country’s external balance Understand the evolution of international monetary system and the need for reforms Be able to analyze the policy implications of trade and monetary policies on the world economy

V. Topical Outline (Course Content)

Interdependence among nations Comparative advantage and benefits of international trade Equilibrium terms of trade Protectionist policies Trade policies and institutions of the United States of America Regional trading arrangements Multinational enterprises Balance of payments Foreign exchange and exchange rate determination Alternative exchange rate systems International economic policy International banking Skill in using diagrams to express relationships

VI. Delivery Methodologies

Required Assignments

Term paper

Required Exams

Four Core Examinations Final Exam

Required Text

Carbaugh, Robert J., International Economics, 14th Edition (Cengage South-Western, 2013). ISBN 13: 978-1-133-94772-1

Required Materials

Required Activities

Specific Course Activity Assignment or Assessment Requirements

Term paper Four Core Examinations Final Exam 1. 2.