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Course Description
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Economics 450: International Economics
The American Business School in Paris
Paris, France

Subject Area(s) Level(s) Instruction in Credits Contact Hours Prerequisites
Economics 400 English 3 45 Economics 110 (Macroeconomics) or equivalent; Economics 120 (Microeconomics) or equivalent

The first part of the course examines classical and modern international economic theory. The second half will apply the theoretical framework to current world international trade issues such as fiscal and monetary policy, exchange rate systems and the international monetary system.

INSTRUCTIONAL METHODOLOGY:
The course consists of class lectures, individual/group presentations on various assignments. Will be covered in class:

- Introduction: Theory of Comparative Advantage
- International Trade & Equilibrium
- Factor Endowments, Complementary Trade
- Trade Restrictions
- Economic Integration: Customs Unions
- International Trade & Economic Development
- International Resource Movements/Multinationals
- Foreign Exchange
- Balance of Payments
- Price Adjustment Mechanism
- Income Adjustment Mechanism
- International Monetary System

TEXT:
International Economics, James Gerber, 5th International Edition, Addison-Wesley, 2010

EVALUATION:
The final grade will be made up of a class participation (20%), two mid-term tests (20% each), and the final examination (40%).










 
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