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Eco 354
International Economics

Eshragh Motahar
Spring 2024

Office Hours:  Tuesdays and Thursdays, 4:00-5:30, and by appointment.  Telephone:  388-6065.  E-mail:  motahare@union.edu

Introduction to International Economics

The Gravity Model
• international trade

-gains from trade, patterns of trade, comparative advantage
-resources and trade
-economies of large-scale production
-randomness in international trade patterns
-international migration of labor and capital
-protectionism

• international money

-balance of payments
-exchange rate determination
-international capital markets

• political economy of trade policy

• international macroeconomic policy coordination

• Who trades with whom?

-the Gravity Model

•  The changing pattern of world trade

-multinational corporations and outsourcing
 

  Check the summary and key terms at the end of each chapter. Also, do the problems at the end of each chapter.
 

Reading Assignment

Chapters 1 and 2. (Recall that the textbook is required, while MyEconLab is optional.)  For this and subsequent assignments, ALL of the material in each chapter (including boxes, sidebars, summary, key terms, questions, etc.) is required. 

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