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MBA 515 International Economics (3 Credits)

This course provides students with knowledge of the theories and applications of international economics. The course covers the comparative advantage law, the Heckscher-Ohlin theory, the Ricardian model, tariff and non-tariff barriers, alternative trade theories, customs unions, internationalization of financial markets, fixed and flexible exchange rates, and international capital mobility.

Learning Outcomes:

  • Obtain a graduate-level introduction to the field of international trade.
  • Understand the theory of international trade and foreign investment with applications in commercial policy.
  • Learn about gains from trade, Ricardian models of technological differences, Heckscher-Ohlin models of factor endowment differences, intermediate input trade, wage inequality, imperfect competition, firm heterogeneity, multinational firms, international organization of production, dynamics, trade policy, trade and institutions, sorting in trade and FDI, and effects of geography on trade.