Department of Economics

Econ 3334 - International Economics

Course Objectives and Assessment

This course satisfies 3 of the upper-division elective credits required for an economics major or minor.

Objective 1: To learn, understand, and apply economic theories of international trade.

Outcome:

  1. Students will explain why countries trade and the gains from trade.
  2. Students will understand and apply specific trade models such as comparative advantage, factor endowment, and new models based on increasing returns.
  3. Students will apply these trade models to explain patterns of international trade in goods and services.

Assessment:

  1. Individual exercises, case studies, tests, and group country project.

Objective 2: To learn and understand the political economy of international trade.

Outcome:

  1. Students will be able to explain who gains and who loses in different trade models.
  2. Students will be able to use cost-benefit analysis to evaluate trade policies.
  3. Students will understand trade laws, and the national and international institutions central to trade.
  4. Students will be able to evaluate economic integration and conflicts across countries.
  5. Students will be able to evaluate strategic trade policies from the perspective of nations and companies.

Assessment:

  1. Individual exercises, case,studies, tests, and group country project.

Objective 3: Learn and understand the central issues in international macroeconomics.

Outcome:

  1. Students will be able to read and interpret a nation's balance of payments and related accounts.
  2. Students will be able to explain how exchange rate is determined in the long run and the short run.
  3. Students will be able to explain the pros and cons of different exchange rate regimes.
  4. Students will be able to explain the effectiveness of national macroeconomic policy in an interdependent global economy.

Assessment:

  1. Individual exercises, case studies, tests, and group country project.

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