Analysis of the essential aspects of international economic linkages. Gains and redistributive effects of trade and the barriers to trade are discussed within the context of a variety of economic models. The history of trade policy and the political economy of its determination will also be discussed. Current economic policy issues such as inflation, regulation, protectionism and energy policy. Emphasis is on the presentation of these topics to secondary school students.
Topics vary from year to year.
May be taken more than once for credit. F Microeconomic theory and its use to analyze and predict the behavior of industries, firms and consumers under various market conditions. S Macroeconomic theory involving static and dynamic models and their use in analysis of economic problems and policies. Topics include distribution theory, simple and multiple regression modeling, hypothesis testing and other issues in regression analysis. Specialized background in economics not necessary.