This course integrates economic principles taken in SS382 and SS388. International Economics promotes understanding of the economic causes and effects of international trade, examines the justifications for and effectiveness of a variety of trade policies, explains and critiques the international flow of money, and explores the impact of these topics upon individual firms in the marketplace. The course?s methodology rests on theoretical concepts and models such as profit maximization, market equilibrium, preference maximization, and macroeconomic equilibrium. The course is divided into four blocks. The first three blocks investigate the theory of international trade in goods and comparative advantage, the practice of international trade and international political economy, and the workings of international monetary markets. The final block compels cadets to apply their estimates of the international macroeconomic environment to choices made by national governments.
Lessons
30 @ 75 min (2.000 Att/wk)
Labs
0 @ 0 min
Special requirements
One in-class case study and one analytical paper (1500 words); compensatory time provided.
This course integrates economic principles taken in SS382 and SS388. International Economics promotes understanding of the economic causes and effects of international trade, examines the justifications for and effectiveness of a variety of trade policies, explains and critiques the international flow of money, and explores the impact of these topics upon individual firms in the marketplace. The course?s methodology rests on theoretical concepts and models such as profit maximization, market equilibrium, preference maximization, and macroeconomic equilibrium. The course is divided into four blocks. The first three blocks investigate the theory of international trade in goods and comparative advantage, the practice of international trade and international political economy, and the workings of international monetary markets. The final block compels cadets to apply their estimates of the international macroeconomic environment to choices made by national governments.
Lessons
40 @ 55 min (2.500 Att/wk)
Labs
0 @ 0 min
Special requirements
One in-class case study and one analytical paper (1500 words); compensatory time provided.
This course integrates economic principles taken in SS382 and SS388. International Economics promotes understanding of the economic causes and effects of international trade, examines the justifications for and effectiveness of a variety of trade policies, explains and critiques the international flow of money, and explores the impact of these topics upon individual firms in the marketplace. The course’s methodology rests on theoretical concepts and models such as profit maximization, market equilibrium, preference maximization, and macroeconomic equilibrium. The course is divided into four blocks. The first three blocks investigate the theory of international trade in goods and comparative advantage, the practice of international trade and international political economy, and the workings of international monetary markets. The final block compels cadets to apply their estimates of the international macroeconomic environment to individual firms operating in that environment.
Lessons
40 @ 55 min (2.500 Att/wk)
Labs
0 @ 0 min
Special requirements
One in-class case study and one analytical paper (1500 words); compensatory time provided.
International Economics, normally taken in an economics major's final semester, integrates economic principles taken in SS382 and SS388. International Economics promotes understanding of the economic causes and effects of international trade, examines the justifications for and effectiveness of a variety of US trade policies, and explains and critiques the international flow of money and its link to macroeconomic variables in the US and abroad. The course is divided into four blocks. The first three blocks investigate the theory of international trade in goods and comparative advantage, the practice of international trade policy and the workings of international monetary markets. The final block, which is the primary focus of the entire course, is an individual research block where students apply trade and finance theory to current international economics issues.
Lessons
40 @ 55 min (2.500 Att/wk)
Labs
0 @ 0 min
Special requirements
One in-class case study and one analytical paper (1500 words); compensatory time provided.
