41118 International Economics

Course Description

This course will introduce both the microeconomics and macroeconomic issues relevant to the economic relations among countries. The first part of the course deals with the microeconomics issues of international trade, and covers such issues as (i) why countries trade, (ii) how the gains from trade are distributed, and (iii) the theory and practice of protectionism. The second part of the course deals with issues in international finance and macroeconomics, and covers such issues as (i) the markets for currencies, (ii) balance of payments definitions, (iii) adjustment processes, and (iv) monetary unions.

Learning Objective

  • The course aims to provide a framework for consistent reasoning about international flows of goods, theories of international trade, and financial assets, trade policy and monetary policy in closed and open economy.



Books for this Course

  • Course Book 101 by Mohammad Ahmed

Times Offered

  • September 2015
  • January 2016

Course Prerequisite