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.
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]
Semester Contact Hours Lecture
45
Semester Contact Hours Lab
0
Grading Method
Letter grade
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
Specific Course Activity Assignment or Assessment Requirements
Term paper
Four Core Examinations
Final Exam
1.
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