A presentation of the operation of Absolute and Comparative Advantage in international trade.

Develops facility with concepts, language, and analytical tools of economics. Covers microeconomics, macroeconomics, and international trade and payments. Emphasizes integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing US and international business environments. Restricted to Sloan Fellows. The fact of scarcity forces individuals, firms, and societies to choose among alternative uses -- or allocations -- of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist's criterion of market efficiency. Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.

Producers and sellers of goods do not start with a "level playing field". As prices for raw materials fall, small scale farmers in developing countries suffer. Even though the prices paid to the farmers decrease, we see little difference in prices of the goods on our shelves. There are many obstacles which prevent a just trading system. Students need to explore the international trade system and determine why it is unjust.

Suggestions for answering Ordinary Level questions (1999) on the topics of People in Business and Domestic/International Environment. Realistic marking schemes and suggested answers are provided.

Review of IPE field covering previous and core research focusing on dual national objectives in a global context, namely pursuit of power and pursuit of wealth. Surveys major paradigms of international political economy, including neoclassical economics, development and ecological economics, lateral pressure, and perspectives and structural views of power relations. Examines interaction of politics and economics on international trade, capital flows, foreign investment, intellectual property rights, international migration, and select issues in foreign economic policy in global context. Examines the evolution of international economic institutions and attendant political implications. Open to undergraduates by permission of instructor.

" The world is changing in two fundamental ways. First, the development of a truly global market in products, services, capital, and even certain types of labor is changing the basic terms of competition for an array of different firms and industries. Second, the rules and institutions governing the new international economic order are still in flux. National regulations are no longer adequate yet international accords over trade, intellectual property, labor standards, and a host of other issues are fiercely and frequently contested by competing interests. The final results of these debates will determine who wins and who loses in the new global economy. Understanding the interaction between environment and business around the world is the key to understanding both the possibilities for and constraints on either managing an existing or starting a new business in today's fast-changing economy."

This graduate course is in three Parts. Together they are intended to provide theoretical, empirical, and policy perspectives on source and consequences of globalization, focusing on emergent structures and processes, and on the implications of flows of goods and services across national boundaries - with special attention to the issue of migration, on the assumption that people matter and matter a lot. An important concern addressed pertains to the dilemmas of international policies that are shaped by the macro-level consequences of micro-level behavior.

Questions on terms and definitions relating to the European Union and International Trade.

Seminar provides an overview of international political economy with specific reference to the advanced industrial societies. Integrates international and comparative perspectives and fuses microeconomic and institutionalist approaches. Compares and contrasts the role of states in regulating intergroup conflicts over domestic markets with the role of regimes in regulating interstate conflicts over international markets. Examines the rise and decline of economic powers, industrial policy and trade relations, financial and monetary politics, and economic integration. This graduate class is designed as a PhD-level overview of international political economy (IPE), with an emphasis on the advanced industrial countries. The syllabus is divided into three sections: international trade; international monetary and financial relations (including foreign direct investment); and security.

Historically, international trade has played a critical role in enabling countries to grow, develop, and become economically powerful. Through international trade in goods and services, the economies of different countries are more closely linked to one another now than ever before. At the same time, the world economy is more turbulent now than it has been in decades. Keeping up with the shifting international environment has become a central concern in business strategy and national economic policy. This course uses the same fundamental methods of analysis deployed in other branches of economics, as the motives and behavior of individuals and firms remain the same whether they are in the context of international trade or domestic transactions. The student will learn, however, that international trade introduces an entirely new and different set of concerns as well. Upon successful completion of this course, the student will be able to: Have a good understanding of the fundamentals of global economics; Have a rounded overview of the modern international trade theory; Understand the current world trading system and the basic rules underlying this system; Study and discuss historic, current, and emerging economic models in the United States and around the world; Understand recent developments in the field of international macroeconomics and perform an independent study in this field; Acquire and demonstrate analytical and problem solving skills to discuss and analyze the global economic environment within which business operate; Acquire an analytical framework to examine contemporary international economic issues; Acquire a general overview of international trade, the foreign exchange markets, and the issues arising from the globalization of markets; Understand the concepts of foreign exchange, its importance to individuals, businesses, and the performance of national economies, and how foreign exchange markets work; Analyze policy issues related to international trade; Understand the legal system governing international economic transactions and international economic relations; Assess actual dispute settlement proceeding and discuss several dispute settlement cases that address a wide variety of issues such as antidumping, subsidy, safeguard, and environment; Answer the four trade questions: 'Why do countries trade?,' 'How does trade affect production and consumption in each country?,' 'Which country gains from trade?,' and 'Within each country, who are the gainers and losers from opening trade?' (Economics 307)

Fact-sheet outlining the importance of international trade for Ireland. Also includes an account of the problems facing exporters and info about Balance of Trade and Balance of Payments.