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Economics: D2:SU:Econ of Globalization

EC 040 OL2 (CRN: 60354)

3 Credit Hours

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About EC 040 OL2

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


Related Program

High School & Pre-College Programs


Dates: July 3 - August 11, 2017

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. INSTRUCTION MATERIALS Kenneth Reinert, An Introduction to International Economics, Cambridge University Press, 2012; ISBN-10: 0521177103, ISBN-13: 978-0521177108. This book has a Kindle edition. NY Times student subscription (99 cents per weeks) – I assign many NY Times articles. If you do not have a subscription, you are only allowed 10 free articles including archives each month. There is a good offer for students. See link on Bb. You can use your free 10 articles before signing up if you wish. Supplementary materials (posted on Bb) Selected chapters from other textbooks Other online materials will be available for download on Blackboard. COURSE OUTLINE MODULE 1. INTRODUCTION TO THE COURSE MODULE 2. INTERNATIONAL TRADE Module 2A: Trade Theory o 2A.1 Economic Principles: Market model o 2A.2 Absolute Advantage o 2A.3 Economic Principles: Opportunity cost o 2A.4 Comparative Advantage Module 2B: Trade Topics o 2B.1 Trade Policy Analysis o 2B.2 WTO, PTAs and Environment EXAM 1 MODULE 3. INTERNATIONAL FACTOR MOVEMENTS Module 3A. Foreign Direct Investment o 3A.1 Theory and Current Events o 3A.2 Offshoring and Environment Module 3B. Migration MODULE 4: INTERNATIONAL FINANCE Module 4A: Exchange Rates o 4A.1 Balance of Payments and Exchange Rates o 4A.2 Flexible and Fixed Exchange Rates Module 4B: Financial Crises EXAM 2 MODULE 5: INTERNATIONAL DEVELOPMENT Part 1: Development as Growth Part 2: Development as Human Development Part 3: Development as Structural Change Part 4: Sustainable Development MODULE 6: GLOBAL ENVIRONMENTAL AND POPULATION ISSUES Module 6A. Environment Part 1. Economic Growth and the Environment Part 2. Transboundary Pollution Part 3. Climate Change Module 6B. Population Issues EXAM 3

Section Expectation

GRADING 3 Multiple Choice Exams (10% each) 30% 14 Multiple Choice Homeworks (4% each) 56% 6 Discussion Board (2% each) 12% 1 Academic Integrity Quiz 1% 1 Bonus Intro Discussion Board 1% The 3rd exam is not cumulative; but the concepts and tools you need to answer the questions are related to topics covered before the 1st exam. Note that each of the multiple choice homeworks seem to have very low weight. But their real value is preparing you for the kind of questions you will see on the exam.


LETTER GRADES 90-100 A-/A 80-89 B-/B/B+ 70-79 C-/C/C+ 60-69 D-/D/D+ <60 F




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