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:
- Students will explain why countries trade and the gains from trade.
- Students will understand and apply specific trade models such as comparative advantage, factor endowment, and new models based on increasing returns.
- Students will apply these trade models to explain patterns of international trade in goods and services.
Assessment:
- Individual exercises, case studies, tests, and group country project.
Objective 2: To learn and understand the political economy of international trade.
Outcome:
- Students will be able to explain who gains and who loses in different trade models.
- Students will be able to use cost-benefit analysis to evaluate trade policies.
- Students will understand trade laws, and the national and international institutions central to trade.
- Students will be able to evaluate economic integration and conflicts across countries.
- Students will be able to evaluate strategic trade policies from the perspective of nations and companies.
Assessment:
- Individual exercises, case,studies, tests, and group country project.
Objective 3: Learn and understand the central issues in international macroeconomics.
Outcome:
- Students will be able to read and interpret a nation's balance of payments and related accounts.
- Students will be able to explain how exchange rate is determined in the long run and the short run.
- Students will be able to explain the pros and cons of different exchange rate regimes.
- Students will be able to explain the effectiveness of national macroeconomic policy in an interdependent global economy.
Assessment:
- Individual exercises, case studies, tests, and group country project.