[ECON 235] International Trade and Finance
In the first half, students will learn international finance and macroeconomic theories for an open economy: exchange rate determination; pros and cons of different types of exchange rate regimes; the relationships among exchange rate, interest rate, inflation rate, and national income and economic growth; trade deficit; and causes and consequences of financial crises. In the second half, students will learn classical and new trade theories to understand the forces that drive international trade and international migration, analyze their benefits and costs, and examine who get these benefits and who bear the costs.
International Trade and Finance
Prerequisite: Economics 199 and 211; 212 and 251 recommended but not required.
Offered once per year.