IR545 – International Economic Problems
1. Course Number: EC/IR 545 Credits: 3 Contact hours: 45
2. Course Title: International Economic Problems
3. Pre-requisites: One economics course
4. Course Description:
This course is designed to introduce students to the international economy with emphasis on post-war developments. In this framework students study classical theories of trade; new trade theory; globalisation; finance and currency regimes; and models of economic growth. Students make a class presentation on a chosen case study and write an essay on a theme related to the course.
5. Learning Outcomes
Upon Successful completion of this course, students will understand and be able to discuss and:
|Discuss the character and interdependence of the world economy||Coursework, exams|
|Compare and contrast classical and modern theories of international trade, investments and finance.||Coursework, exams|
|Identify the main problems of the international economy-the global financial crisis, challenges facing the Least Developed Economies (LDCs), the Newly Industrializing Countries (NICs) and the Transitional Economies.||Coursework, exams|
6. Basic Texts:
Title: The World Economy, Trade and Finance, 6th ed
Authors: Yarborough, B. and M
Publisher: Howard W. Sams & Co, 2002
7. Additional Reading and Supplemental Texts:
Daniels, P.W. & Lever, W.F. Lever, The Global Economy in Transition,London, Longman, 1996. ISBN: 0135052645
Students are encouraged to use the SIU library resources.
8. Mode of Delivery:
Classroom instruction. See Addendum for specific details.
9. Course Outline:
Topics Covered Academic Hours
Introduction to the World Economy 5
Theory of International Trade 5
Monetary Regimes 5
The Political Economy of Trade Policy and Borders 2.5
The Balance of Payments Account 2.5
Currency Markets and Exchange Rates 5
Foreign Direct Investment, Multinationals and the World
Emerging Markets I: The Newly Industrializing Countries 2.5
Emerging Markets II: The Transitional Economies 2.5string(0) ""