International Trade and Finance

Description:   This course examines international trade theories, trade policies, institutions governing trade, exchange rates and international capital markets. Students will gain better understanding of the global economic environment for business, and apply the tools of economics to analyze current events and policies.

Textbook:  Carbaugh, International Economics, edition 14 or 15.  14th edition ISBN: 9781133947721 Cheap on

Homeworks: for each chapter starting ch 2, answer any 5 end of chapter questions. Each of the 3 modules has a case study/project, due at the end of the module.

Module 0.  Review of economic principles
Review of basic micro  
Review of basic macro:
Module 1.  Economics and Trade  
1 . Globalization    ch 1

2.  Comparative advantage    ch 2

3.  Sources of comparative advantage and other theories     ch 3

Case 1: Mexico 

Module 2. Trade policies

5.  Industrial policies    ch 6

6.   Trade policies for developing countries   ch 7

7. Regional trade arrangements     ch 8

Module 3.  MNC, BOP & ER

8.  Movement of labor & capital by multinationals   ch 9

9. Balance of Payments  ch 10

10. Exchange rates   ch 11, 12

11. Exchange rate regimes and currency crises    ch 15

12. Macro policy in an open economy & International banking: reserves, debt risk   Ch 16-17

Final project


Extra resources

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