ECON 204 Introduction to International Economics

Introduces principles of international development, trade, and finance. Topics include: history of international development, comparative advantage, free trade, international trade agreements, international economic institutions, exchange rates. Labor and capital migration are covered, time permitting.

Credits

4

Course Learning Outcomes

Upon successful completion of this course, the student will be able to:
1. Apply analytical skills to social phenomena in order to understand human behavior: Identify, apply, and discuss standard and alternative economic analytical methods to evaluate international economic development and international trade, including, statistical analysis, economic modeling, historical analysis, survey analysis
2. Apply knowledge and experience to foster personal growth and better appreciate the diverse social world in which we live: Identify, explain, and discuss comparative economic history among a wide range of nations; Identify, explain, and discuss comparative economic development among a wide range of nations; Identify, explain, and discuss comparative trade polices among a wide range of nations
3. Understand the role of individuals and institutions within the context of society: Evaluate and explain the history and role of international economic institutions: IMF, WTO, World Bank; Evaluate and explain policy regimes of international economic institutions: IMF, WTO, World Bank; Evaluate and explain absolute advantage, comparative advantage, mercantilism, protectionism, free trade
4. Assess different theories and concepts, and understand the distinctions between empirical and other methods of inquiry: Compare and Contrast alternative economic frameworks; Compare and contrast alternative theories of economic development; Compare and contrast alternative theories of international trade; Evaluate and explain absolute advantage, comparative advantage, mercantilism, protectionism, free trade
5. Utilize appropriate information literacy skills in written and oral communication. Evaluate information and its source critically; Understand many of the economic, legal and social issues surrounding the use of information; Evaluation and selection of information using appropriate criteria: Compare and Contrast alternative economic frameworks; Compare and contrast alternative theories of economic development; Compare and contrast alternative theories of international trade; Evaluate and explain absolute advantage, comparative advantage, mercantilism, protectionism, free trade
6. Understand the diversity of human experience and thought, individually and collectively: Identify, explain, and discuss comparative economic history among a wide range of nations; Identify, explain, and discuss comparative economic development among a wide range of nations; Identify, explain, and discuss comparative trade polices among nations