Course Description

Course Name

International Economics

Session: VPRF3121

Hours & Credits

3 US Credits

Prerequisites & Language Level

ECON 110 and ECON 120 or their equivalents

Taught In English

  • There is no language prerequisite for courses at this language level.


The first part of the course examines classical and modern international economic theory. The second half will apply the theoretical framework to current world international trade issues such as fiscal and monetary policy, exchange rate systems and the international monetary system.

The course consists of class lectures, individual/group presentations on various assignments. Will be covered in class :
- Introduction : Theory of Comparative Advantage
- International Trade & Equilibrium
- Factor Endowments, Complementary Trade
- Trade Restrictions
- Economic Integration : Customs Unions
- International Trade & Economic Development
- International Resource Movements / Mutilnationals
- Foreign Exchange
- Balance of Payments
- Price Adjustment Mechanism
- Income Adjustment Mechanism
- International Monetary System

Gerber, J, International Economics, Addison-Wesley

The final grade will be made up of a class participation and group project (25%), mid-term test (25%) and the final examination (50%).

*Course content subject to change