Course Detail

2015 Summer Course Listing

2016 courses will be posted in early November

Economics: D2:Economics of Globalization

EC 040 OL1 (CRN: 60161)

3 Credit Hours

The period for adding the course EC 040 OL1 has ended.

You may review the related courses listed at the bottom of the page.

About EC 040 OL1

An examination of the dimensions, causes and consequences of the international flows of goods and services (trade), people (migration), and financial capital.


Donna Ramirez Harrington ()


Dates: May 18 - June 26, 2015

More Information

Section Description

About This Course This course will offer students an opportunity to learn about the international economic integration in terms of flow of goods, labor and capital. We will study international trade, immigration, investment flows and exchange rates. We will also talk about global financial crisis, development and inequality and climate change, and how they are related to trade. Some of the questions we will answer in this course are as follows: 1. What is globalization? What is economics? How will economics help explain globalization? What are the different aspects (windows) of globalization? 2. Why do countries trade with each other? Why not produce all the goods each will consume? Who gains/loses from trade? Importing country? Exporting country? Both? Neither? Who gains/loses from trade in importing country? Who gains/loses from trade in exporting country? Are trade restrictions beneficial or harmful? What is the WTO and how does it manage trade across countries? What are the guiding principles of international trade? 3. What are the different forms of international production? What is difference between outsourcing and offshoring? What are the motives for shifting production abroad? Why is Apple having iphones produced by Foxconn in China? 4. What are the motive for migration? How does migration affect the businesses, workers and economy in the destination country? How does migration affect the businesses, workers and economy in the origin country? Is migration inherently harmful/beneficial? 5. How are exchange rates determined? How are exchange rates related to trade in goods and services and exchange of assets across borders? Why are some currencies overvalued and some undervalued? 6. What are the different types of financial crises? How do financial crises develop? How did the most recent financial crisis of 2007-2009 develop and how did it affect the US and world economy? What are the impacts of the financial crisis on trade, migration and development? 7. How are trade, development and environment related? What trade policies do developing countries adopt to promote economic growth? What are the global demographic trends and how will they impact economic growth and the environment? How is climate change a development and an environment issue? Why is climate change challenging to address? How is it related to trade and globalization?

Section Expectation

Instruction Materials Required main textbook: Kenneth Reinert, An Introduction to International Economics, Cambridge University Press, 2012; ISBN-10: 0521177103, ISBN-13: 978-0521177108. This book has a Kindle edition. Supplementary materials (note that only selected chapters are used) will be posted on Bb Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn, Microeconomics: principles, problems, and policies, 18th ed. Boston: McGraw-Hill Irwin, c2009. (Ch 1: pp 3-28; Ch 3: -pp 31-51; Ch 6: pp 90-97 ? If you have taken EC 12, any Micro book chapter on PPF, demand, supply & equilibrium and CS & PS will work) David Colander, Macroeconomics, 8th ed, 2010, ISBN:0077247175, (Ch 15 only, posted on Bb) Thomas Pugel, International Economics, ISBN-13:9780073375755; ISBN-10: 0073375756, (Ch 13 and 14, posted on Bb) Carbaugh Chapter 1, 9 More additional materials will be available for download on Blackboard.


Multiple choice (analytical, graphical, and conceptual) HWs and exams, essay quizzes/homeworks, discussion board


Course runs from to



Online Course (View Campus Map)

Important Dates

Last Day to Add
Last Day to Drop
Last Day to Withdraw with 50% Refund
Last Day to Withdraw with 25% Refund
Last Day to Withdraw


Other courses you may be interested in…

EC 012 OL2 (online)
  • Sara Solnick
to N/ASee Notes 361998
EC 012 OL3 (online)

Only 1 Seat Available, Register Soon!

  • Shirley Gedeon
to N/ASee Notes 360115
EC 040 OL2 (online)
  • Richard Sicotte
to N/ASee Notes 360523
EC 133 OL1 (online)
  • Donna Ramirez Harrington
to N/ASee Notes 360525
EC 133 OL2 (online)
  • Donna Ramirez Harrington
to N/ASee Notes 360817

There are no courses that meet this criteria.