International Economics

Description:   The goal of this course is to examine forces that shape international trade and economic relations between countries in the age of technology and globalization.  Topics include comparative advantage, gains from trade, tariffs and trade regulation, industrial policies, regional integration, the EU crisis, capital and labor mobility, balance of payments, and exchange rate systems. Students will gain better understanding of institutions governing trade, examine the impact of trade and financial liberalization on developing countries, and apply the tools and theories of economics to analyze current events and policies.

Textbook:  Carbaugh, International Economics, edition 14,13, 12 (under $5 on

  • 14th edition ISBN: 9781133947721
  • 13th Edition ISBN: 9781439038949    
  • 12th Edition  ISBN: 9780324581485   
Review of basic micro  
Review of basic macro:
Module 1.  Economics and Trade  / weeks 1-5
1 . Globalization and trade   Carbaugh ch 1

2.  Comparative advantage   Carbaugh ch 2

3. Sources of comparative advantage and other theories of trade      Carbaugh ch 3

4.  Case 1: Mexico 

Module 2. Trade policies / weeks 6-10

5.   Tariffs and Non-tariff trade barriers    Carbaugh ch 4-5

6.  Industrial policies   Carbaugh ch 6

7.   Trade policies for developing countries   Carbaugh ch 7

8. Regional trade arrangements     Carbaugh ch 8

Module 3.  Economic environment for a MNC / week 11-15

10.  Movement of labor and capital by multinational enterprises   Carbaugh ch 9



11. Exchange rate markets   Carbaugh ch 11, 12

12. Exchange rate regimes and currency crises   Carbaugh ch 15

13.   Case 3: European Union


Extra resources

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