This course is usually offered Summer and Fall.
Theory of international trade; payments, commercial policies, and economic integration.
This course has two objectives: to introduce students to the “real” (as opposed to financial) side of international economics, international trade; and to give students an overview of some of the key trade-related political and economic debates taking place among economists, governments, and civil society today.
By the end of class you should be able to:
- explain why international trade occurs and takes on the pattern that it does;
- apply economic theories in order to demonstrate why things are produced where they are produced in our interconnected global economy;
- identify who is likely to gain and who is likely to lose from trade and openness to trade;
- assess the desirability of trade-related laws, agreements, and policies;
- discuss international trade agreements, trade barriers, outsourcing and offshoring, and other phenomena affecting international business.
This course can be applied toward:
ECON 306 (Intermediate Microeconomics).
Prerequisites: Intermediate microeconomics, college algebra.
Textbooks and Materials
Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.
- International Trade: Theory and Policy, 10th Ed. (2014)
Krugman, Paul R., Obstfeld, Maurice, and Melitz, Marc