1.00

This course provides an advanced economic analysis of international trade, migration flows, capital flows, and the corresponding open-economy macroeconomics under alternate exchange rate systems. The course begins with major theories regarding the reasons for and consequences of international trade. It then analyzes the economics of capital and migration flows, the dynamics of product cycles and intra-industry trade, and the pros and cons of interventionist trade policies. Finally, it looks at international balance of payments, foreign currency markets, and the role of exchange rates in understanding the macroeconomics of open economies and the viability of economic and political unions. Prerequisite: C- or better in ECON 110 , and ECON 252 , or permission. Alternate years