The course provides a general overview of international economics.
Topics covered include: the reasons for and the effects of international trade; trade policies such as tariffs, quotas, and voluntary export restraints; trade arrangements and institutions such as the NAFTA and WTO; determination of exchange rates; the role of the international economy in influencing national income, unemployment, and inflation; and international constraints on macroeconomic policy. Emphasis is on concepts, ideas and institutions, rather than on rigorous analysis.
Course grade is based on two midterm exams and a final exam only. Students also are expected to stay abreast of international economic news by reading the Wall Street Journal or other news source, and the course includes weekly class discussions of the current international economic news.
Please check Wolverine Access for textbook information.