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International Economics is comprised of essential two subfields: International Trade and International Finance. This course will focus primarily on the former, in which we will study the theoretical underpinnings for the gains from trade, the costs of trade protectionism, and the inevitable short-run redistribution of income that occurs as countries interact more and more with each other. This course will give you the fundamentals to understand what economists mean when they say “Globalization is Good.”
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1.Intro, Comparative Advantage
2.Comp Advantage cont'd
3.Demand and Supply Curves
4.Offer Curves, Terms of Trade
5.Heckscher-Ohlin (HO) Theory/Factor Proportions Model
6.Economies of Scale and Imperfect Competition
7.Economic Growth and International Trade
8.The Effects of Tariffs
9.NTBs, ADDs, and Protectionism
10.Economic Integration and FTAs
11.Trade and Development, MNCs
12.Balance of Payments
13.M-L condition, PPP, pass-through
14.Savings and the Current Account, Japan, US and China
15.BOP, and the "trilemma" of Exchange rates. Review for final
16.Final Exam
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The student will have a much deeper understanding of the benefits and costs of increased trade among nations.
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Take-home midterm (30%); final exam (40%) (short essay/answer); periodic (2) in-class quizzee (30%)
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【成績評価の基準表】
| 秀(S) | 優(A) | 良(B) | 可(C) | 不可(F) |
| 履修目標を越えたレベルを達成している | 履修目標を達成している | 履修目標と到達目標の間にあるレベルを達成している | 到達目標を達成している | 到達目標を達成できていない |
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履修目標：授業で扱う内容（授業のねらい）を示す目標
到達目標：授業において最低限学生が身につける内容を示す目標
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This course will follow a standard lecture style.
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The textbook is quite expensive. It is recommended, but handouts of the chapter will be provided in class
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Other handouts will be given in class.
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The student should have a solid microeconomic background. Also, the course is conducted entirely in English. While complete fluency is not required, a high level of reading, writing and listening ability is expected. Lastly, a strong desire to study the subject matter in English is required.
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international economics, trade, globalization, FTA.
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