ECON 376 - International Economics3 hours The course examines why nations trade, what determines the basis and direction of trade, who gains or loses from trade and the dynamic nature of comparative advantage. It analyzes how countries try to change their comparative advantage in trade through subsidies, industrial and regulatory policies, and tariff and non-tariff barriers. Multilateral and bilateral trade arrangements and the impact of these arrangements are examined. Study of the strengths and weaknesses of fixed and floating rate systems and the factors that affect exchange rates are explored.
Prerequisite(s): ECON 190 and ECON 191 are required pre-requisite courses.This course will satisfy the social sciences core area requirement.