Main field of study: Economics
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Learning outcomes for the course
This course presents basic economic theories on international trade and international finance. The purpose is that after completion of the course the student will:- Understand the cause and effects of international trade and economic integration
- Understand the cause and effects of implementing different types of barriers to international trade
- Understand the functions of the exchange market, the link between interest rates and exchange rates and the link between prices and exchange rates
- Follow the general debate on different aspects of international economics
- Have a rudimentary knowledge of economic theory for further development through higher level courses for a degree majoring in economics.
The student will acquire knowledge of:
- What determines a country’s comparative advantages
- The welfare effects of different types of trade barriers
- Terms such as ; free trade areas, custom unions, balance of payments, current account, etc.
- Company alternatives regarding the management of exchange risk exposure.
- How exchange rate fluctuations affect trade flows
- The different types of exchange rate systems