International Economics

1. Basic Courses Information

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2. Course Introduction

International Economics is a professional basic course for students whose major concerns the field of Economics and Management, and currently it is a major compulsory course for students who major in Economics, International Economics & Trade, International Business and Economics Statistics. It is also an optional course for some other majors. The main target of this course is to study how to allocate and utilize the limited resources in the world economy. Basically, this course consists of two parts: Part I: International Economics. In this part we will investigate why nations trade, what they trade, and who gains from this trade. We will then analyze the motives for countries or organizations to restrict or regulate international trade and study the effects of such policies on economic welfare; Part II: international finance. In this part, we will cover the following topics: national income accounting and balance of payments, foreign exchange market, exchange rate and inflation, purchase power parity, the determination of international exchange rate, and the international macroeconomics policy. The aim of this course is to provide students with an understanding of the principles and application of international economics. More specifically, the key aims of this course includes the following: gaining the basic theory, research methodology and its application about international economics; catching up with the latest development of international economics; building solid foundation for future economics curriculums.