Full course description
Basic concepts of international economics are reviewed to explore how economic factors, such as exchange rates, balance of payments, inflation, labor, tariffs and the flow of capital affect trade. Using existing data sources students explore what countries and regions trade with each other, to what extent, and in what products and services. Students will be able to analyze the international trade interactions of a particular state, country, or region, as well as the historical and current factors that impact these patterns. Students will also explore legal constraints to engaging in international trade, such as requirements for export licenses and screening for individuals and countries where trade is illegal.
At the end of this course, students will be able to:
- Differentiate international trade interactions among various countries or regions
- Describe basic concepts of international economics including key data sources and theories that impact trade
- Identify existing global trade flows, historical patterns, and current policies that impact political and economic policy
- Explain legal constraints to international trade such as export licenses and screening for illegal trade