COURSE DESCRIPTION The study of International economics, like all branches
of ... International Economics, Robert J. Carbaugh, South- Wetern, 2009. 3.
Course Code : BUS 327
Course Title : INTERNATIONAL ECONOMICS
Level : Undergraduate
Year : III
Status : Elective
Hours/Week : 3
Semester : V-VI
ECTS Credits : 5 Total Hours : 45
Course Coordinator : COURSE DESCRIPTION The study of International economics, like all branches of economics, concerns decision making with respect to the use of scarce resources to meet desired economic objectives. It examines how international transactions influence such things as social welfare, income distribution, employment, growth, and price stability and the possible ways public policy can affect the outcomes. COURSE OBJECTIVES
The student will learn the foundations of International Economics, globalization, and foreign exchange rates. The student will analyze the reasons of international financial crisis and capital flows in different time periods. The student will learn international business environment
COURSE CONTENTS
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Comparative Advantage, Distribution of Income Economies of Scale, Imperfect Competition and International Trade International Factor Movements The Instruments of Trade Policy / The Political Economy of Trade Policy Balance of Payments Money, Interest Rates and Exchange Rates Fixed Exchagne and Foreign Exchange Inverventions Optimum Currency Areas and the European Experience The Global Capital Market: Performance and Policy Problems Developing Countries: Growth, Crisis and Reform
TEACHING/ASSESSMENT Description Teaching Methods
Lectures and class discussion; Team work; Case study analysis Description (%)
Student Assessment Methods
Mid Term Exam 10 % Discussion, homework, Attendance 10 % Case Study Presentation 10 % Final Exam 50 %
Learning outcomes
By the end of the course the students should: Know key facts relating to international trade Understand the concept of comparative advantage and know its determinants. Understand the working and applications of the Ricardian and Heckscher-Ohlin models of international trade as well as the models of new trade theory. Understand the concept of gains from trade Be able to evaluate effects of international trade and of international trade policies on economic welfare and domestic goods and factor markets. Understand the WTOs, FDI and MNU role in the world economy
Language of Instruction
English
Textbook(s)
1. 2. 3.
International Economics, Appleyard/ Field/Cobb, McGraw Hill, 2009 International Economics, Robert J. Carbaugh, South- Wetern, 2009 Krugman R. P., Obstfeld M. (2009): International Economics, Theory & Policy, 12th Edition, Pearson Education, Boston, USA, pp. 1-705
Comment [MP1]: ISBN missing
