Seoul, South Korea
Area of Study
Economics, International Economics, International Trade
Taught In English
Course Level Recommendations
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.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
This is an introductory course on the economics of international trade and investment. We will emphasize both the intuition behind key ideas as well as some simple ways of demonstrating them with the help of models. Equipped with those, we will analyze current policy questions throughout the course.
Key issues in the course will be:
- The Gains from Trade
- What Explains the Pattern of Trade and Factor Movements
- Trade Policy and Protectionism
- Foreign Direct Investment
- Globalization: Winners and Losers
- Robert Feenstra and Alan Taylor (abbreviated as FT), International Economics, 2008, Worth Publishers. You can also buy the trade part of the book (Chapters 1 to 11).
- Paul Krugman and Maurice Obstfeld (abbreviated as K&O), International Economics. Theory and Policy, 8th ed., Harper Collins: 2008.
- Regular reading of The Economist weekly magazine, so that you are on top of major current international economic issues. Some of these issues will be discussed in class. All of these issues are relevant material for possible test questions.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations