3.00 Credits
Prerequisite: Graduate standing. Introduces the core models of international economics. Focusing on alternative returns to scale models, students will analyze the direction, volumes, and effects of international trade; various trade policies and their effects; optimal entry modes of multinationals into foreign markets (FDI or exports, vertical-integration, or offshore outsourcing, etc.). Students will also analyze determinants and effects of the slicing of the global value chain, regional economic integration, exchange rate movements, and balance of payments deficits.