ECON 412: International Economics

An introduction to the workings of the world economic system and the interactions among different countries. It consists of three parts: Trade; which asks how and why different countries engage in the process of exchanging goods and services and the consequences of such interactions; International financial and monetary system; which looks at a country's balance of payments account; exchange rate determination; and open macroeconomic analysis and policy; International development; which surveys experiences of developing countries; including their relationship with developed countries. Students analyze developments in the world economy; and judge the soundness and/or appropriateness of government actions.