ECON4500 - International Trade/Finance

This course consists of two parts: International Trade and International Finance. First, we will analyze the cause and consequences of international trade. 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. After the part of International Trade, we will move to cover the following topics: foreign exchange market; the interest rate parity theorem; exchange rates and inflation; purchasing power parity; balance of payments and national income accounting; the determination of the exchange rate.
3 Credits