In today's world, no nation exists in economic isolation. All aspects of a nation's economy - it's industries, service sectors, levels of income and employment, living standards are linked to the economies of its trading partners. This linkage takes the form of international movements of goods and services, labor, business enterprise, investment funds, and technology. The main objective of this course is to help students understand the theory and principles of international economics that are essential for understanding, evaluating, and suggesting solutions to the important international economic problems.
This course is designed for undergraduate students specializing on Accounting and Finance. The course is divided into two parts. The first part of the course deals with international trade theory and policy. This includes discussion of the determinants and effects of the international trade as well as the effects of trade policy for the nations. Preferential trading arrangements and international factor movements are also addressed. The second part examines issues of international finance. The topic covered in this part will be the treatment of international financial relations beginning with an overview of the balance of payments and foreign exchange market. Also covered is the balance-of-payments adjustment under alternate exchange-rate regimes.- Teacher: Anh Minh Nguyen