PRINCIPLES OF INTERNATIONAL ECONOMICS

  1. Course Description
    Students will be introduced to various economic systems within the international economy. International Trade, international finance and monetary theories will be the main areas of this course. Microeconomics and macroeconomics are both mandatory courses.
  2. Course Objectives
    1. Understand the fundamental concepts of international trade: absolute and comparative advantage
    2. Have a clear understanding of model assumptions and recognition of the differences between Autarky model, classical model, and the Heckscher-Ohlin model
    3. Have a clear understanding of tariffs and should be able to show graphically what tariffs do to the welfare of producers and consumers
  3. Teachnig Method
    1. At the beginning of each class I will check attendance.
    2. If you arrive to the classroom later than 15 minutes after the class begins, please do not enter the classroom.
    3. Please do not walk in and out during the class time
    4. Telephone call and SMS are strictly prohibited. In case of emergency, you can just ask my permission to do so outside.
    5. If you miss a class, it is your responsibility to acquire materials and catch up with your friends. Certainly, you can visit my office to ask for clarifications.
  4. Textbook
  5. Assessment
  6. Requiments
    The class schedule is very tentative.
    The pace of the class depends on many factors. Please keep this in mind.
  7. Practical application of the course
  8. Reference