ECON-314

This course examines the causes and consequences of the exchange of goods, services and assets between nations, and policies affecting international markets. The trade portion of the course reveals the principle of comparative advantage within the Ricardian model of trade, including the impact of factor endowments on trade patterns and the consequences of trade restrictions or regional agreements. The finance portion of the course analyzes currency markets, purchasing power parity, covered interest arbitrage, international capital flows and the balance of payments.