Singapore University of Social Sciences

International Economics

CET Course | SkillsFuture Claimable Course

International Economics (ECO203)

Applications Open: 01 October 2022

Applications Close: 15 December 2022

Next Available Intake: January 2023

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1378 View More Details on Fees

Area of Interest: Business Administration

Schemes: Alumni Continuing Education + (ACE+), Lifelong Learning Credit (L2C), Resilience

Funding: SkillsFuture

School/Department: School of Business


Synopsis

ECO203 International Economics introduces the theory and principles of international economics, providing the analytical tools and frameworks for to examine the key events that shape the international economic environment. Through this course, students will learn the factors that influence trade patterns - its implication on firms and the welfare of nations, the impacts of protectionism including tariffs and nontariff barriers, the balance of payments, the determination of exchange rates, the effects of macroeconomic policies such as a managed float exchange rate policy, and why crises occur and how can we explain them. At the end of this course, students will be able to make informed business and investment decisions related to international trade and finance, and better understand related current events.

Level: 2
Credit Units: 5
Presentation Pattern: Every semester

Topics

  • The Ricardian Model and comparative advantage
  • The Hecksher-Ohlin Model and factor endowments
  • The Standard Trade Model and other trade theories
  • Firms in the global economy
  • Trade restrictions: Tariffs and nontariff barriers
  • The political economy of trade policy
  • National income accounting and the Balance of Payments
  • The foreign exchange market and exchange rates
  • Exchange rate determination
  • Macroeconomic policies with exchange rates
  • Financial globalisation
  • Economic growth, development, crisis and reform

Learning Outcome

  • Demonstrate how trade patterns occur and the gains from trade, using alternative trade theories
  • Analyse the types and methods of trade restrictions and its implications on international trade
  • Contrast the international macroeconomic policies under different exchange rate systems
  • Interpret the balance of payments
  • Solve for the exchange rate determination
  • Relate international trade theories and policies to economic growth, development, historical crises and future reforms
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