The Federal Reserve System and monetary policy. Macroeconomic policy in an open economy. Students must sign attendance sheet for every session. Attendance records will be taken into consideration when exam scores fall in borderline cases. Topics covered include the theory of comparative advantage, tariffs and nontariff trade barriers, the pros and cons of free trade, and the theory of commercial policy.
Special attention is paid to U.S. trade policy, multinational corporation, and economic integration.
Just basic algebra. Just basic algebra. Students missing more than a total of 3 weekly class sessions will receive a course grade one letter below the grade suggested by their exams and homeworks. International Trade and the Economy Course description This course provides students with an understanding of the contemporary theories and practices of international trade, and the impacts of international trade on national economies. Topics covered include the theory of comparative advantage, tariffs and nontariff trade barriers, the pros and cons of free trade, and the theory of commercial policy.