International Trade

Pusan National University

Course Description

  • Course Name

    International Trade

  • Host University

    Pusan National University

  • Location

    Busan, South Korea

  • Area of Study

    International Trade

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

    3
  • Recommended U.S. Semester Credits
    0
  • Recommended U.S. Quarter Units
    0
  • Overview

    Course Objectives
    This course serves as an introduction to international economic issues. Students who complete this course will have a thorough understanding of core micro- and macroeconomic principles that underlie international economic relations; will comprehend the basic economic theories of trade, trade barriers, and the impact of trade policy on firms and consumers; will know the basics of exchange rates and how they affect economic agents and government policy; will learn the fundamentals of foreign exchange markets, balance of payments, and international monetary systems; will be able to read and understand general interest articles on international trade, finance and policy.

    Course Description
    The course introduces pure (real) aspects and monetary aspects of international trade. Pure aspects include the basic international trade theory and policy such as comparative advantage model, commercial policy (tariffs, quotas, etc.), economic integration and role of international trade in economic development. Monetary aspects include international capital movements, the foreign exchange market, concept and measurement of the balance of payments, alternative means of correcting disequilibrium in the balance of payments, and international monetary arrangements.

    Required Textbooks
    International Economics: Theory and Policy, Paul R. Krugman, Maurice Obstfeld, and Marc Melitz, 10e, 2014.