Dec 21, 2024  
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2024-2025 Academic Catalog

EC 306 - International Economics

Lecture Hours: 3
Lab Hours: 0
Credit Hours: 3

This course uses the standard tools of economic analysis. However, since it deals with interaction between sovereign states, it also focuses on government policies and examines their effect. The object of the course is, therefore, to familiarize you with some of the key economic models that can be used to analyze international trade-related and macroeconomic issues.  We will examine various theories of trade, welfare implications of different trade policies; the political economy of trade policies; global trading arrangements, including GATT and WTO; the relationship between trade and various social and political issues. Some questions that we will seek to answer are: Why do countries trade? Why do countries use or abuse trade policy? Is trade always beneficial? We will also discuss exchange rates, different exchange rate regimes and international macroeconomic policy. Note: Free elective for ECBU majors. Prerequisite(s): EC 201 -EC 202 .