ECON 221 - Introduction to International Economics

This course explores the theoretical foundations and empirical realities of international trade flows, commercial policies (tariffs, quotas, etc.) and international finance. The course emphasizes the welfare implications of international trade and commercial policies and links these to discussion of disputes over international trade agreements. The international finance portion of the course covers the foreign exchange market, balance of payments analysis and an introduction to open economy macroeconomics. Recommended for students majoring in international studies. This course counts as a Group A elective and serves as a prerequisite for ECON 361. Prerequisite(s): ECON 119 Every year. (4 Credits)