ECON 350 - International Economics

Units: 3
Study of the world economy through analysis of the flows of physical and capital goods across countries, as well as government policies that regulate those flows. International trade, foreign investment, operation and theory of foreign exchange markets, international monetary systems.

Strongly Recommended Preparation: ECON 385 should be taken prior to enrollment in this course; but must be taken concurrently if not completed.
Prerequisites: ECON 200 and ECON 205.
Co-requisites: ECON 385.
Equivalent Quarter Course: ECON 4705.
Possible Instructional Methods: Entirely On-ground.
Grading: A-F grading only.
Course Typically Offered: Fall Alternate Years

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Apply theoretical models and theories of trade to investigate the various reasons why countries engage in international trade, including the direction and volume of trade between nations;
Analyze and discern causes and effects of trade restrictions and policies, like tariffs, quotas, subsidies, export taxes, and others;
Illustrate the effects of labor migration, capital and other factors’ mobility across nations;
Understand international transactions’ accounting methods, such as the balance of payments, and explain why some countries run deficits and others run surpluses;
Analyze the exchange rate determination through various exchange rate regimes, such as gold standards and floating exchange rate mechanisms.