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Economics: D2:SU:Econ of Globalization

EC 040 OL1 (CRN: 60057)

3 Credit Hours

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.


Related Program

High School & Pre-College Programs


Dates: May 18 - June 26, 2020

More Information

Section Description

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. This is 3-credit course. In a normal 15 week semester, one hour of classroom or direct faculty instruction and a minimum of two hours of out-of-class student work each week for approximately fifteen weeks for one semester hour of credit or the equivalent amount of work over a different amount of time; or In this ONLINE For summer class, note that materials for a 15-week semester is covered in 6 weeks. So 6-9 hours per week in a 14 week semester translates to 15-22.5 hours per week during a 6-week summer session. All video lectures are asynchronous and delivered via Bb. Virtual office hours will be via Microsoft Teams.

Section Expectation

Instruction Materials REQUIRED TEXTBOOK- Kenneth Reinert, An Introduction to International Economics, Cambridge University Press, 2012; ISBN-10: 0521177103, ISBN-13: 978-0521177108. This book has a Kindle ed. Link: I found the book on pdf online, -download now!: https://www.mobt3ath.com/uplode/book/book-25563.pdf NO NEED TO BUY: REQUIRED SUPPLEMENTARY MATERIALS (selected chapters; all available 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) Link: I found the book on pdf online, -download now! : http://www.califaxprinters.com/mba_books/EB%20McConnell%20Econ.18e.pdf 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 on Bb) Additional materials on current developments in global economic issues will be available on Blackboard. Throughout the semester, we will use economic models to answer the following very timely questions you hear on the news everyday: 1. Is a trade war with China good or bad? How are we affected by tariffs and trade wars? 2. How is the “new NAFTA” different from the old one, and what are the implications for trade relations between US, Mexico and Canada? 3. What is Brexit and how will it affect Europe’s and the world’s economy? 4. Why does Apple produce iphones in China? How does China’s export-oriented growth affect global pollution? 5. How do immigrants affect the economy? Are there both good and bad economic impacts of immigration? 6. What factors affect the value of a country’s currency? How are exchange rates related to trade? 7. How did the 2007-2009 financial crisis happen? 8. How do other financial crisis happen? How are financial crises related to exchange rates? 9. How do we measure development? What contributes to economic growth? Why do different countries have different levels of development? 10. Does pollution necessarily increase with economic growth? What are the challenges with dealing with a global environmental problem like climate change? What are some economic policies to address climate change? 11. How does a country’s and the world’s population related to immigration, economic growth and the global environment? 12. How does COVID-19 pandemic affect trade, global supply chains, migration, global finance, economic growth and the environment?


Grading System and Letter Grades 75% Exams (25% x 3) 15% HWs 9% Discussion Board 1% Academic Integrity Quiz




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