International Economy (ECO-209)
An introduction to international trade theory and policy. An historical examination of the emergence of trade and of the basis and gains from trade. Balance of payment equilibrium and U.S. trade deficit. Tariff and other trade barriers, foreign exchange markets, capital flows, and multinational corporations. Special topics include WTO, EU and NAFTA. Students will obtain the analytical skills and vocabulary needed in international trade, commercial, and financial institutions. Prerequisites: ENG 089, ENG 099, MAT 022. Corequisite: ECO 201, or permission of instructor or Department Chair. 3 lecture hours per week. 3 credit hours.