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International Economics & Trade

Master the economics of global trade, exchange rates, balance of payments, development, and globalization. 6 modules covering trade theory, policy, forex markets, sovereign debt, and the forces shaping the world economy.

6 modules 30 lessons ~8h AI voice coach

Course Outline

1

Trade Theory

5 lessons

Explore the fundamental theories explaining why nations trade — from classical comparative advantage to modern theories of economies of scale and network effects.

Why Countries Trade
Absolute & Comparative Advantage
Heckscher-Ohlin Model
New Trade Theory (Krugman)
Winners & Losers from Trade
2

Trade Policy

5 lessons

Examine the tools governments use to manage trade — tariffs, quotas, trade agreements, and the political economy of protectionism.

Tariffs
Quotas & Non-Tariff Barriers
Trade Agreements (WTO/NAFTA/EU)
Trade Wars
The Infant Industry Argument
3

Exchange Rates

5 lessons

Understand the foreign exchange market, how exchange rates are determined, and the role of central banks in managing currencies.

The Foreign Exchange Market
Exchange Rate Determination
Purchasing Power Parity (PPP)
Interest Rate Parity
Central Bank Intervention
4

Balance of Payments

5 lessons

Analyze the balance of payments accounts, understand twin deficits, and explore sovereign debt crises and the role of international institutions.

The Current Account
The Capital & Financial Account
The Twin Deficits Hypothesis
Sovereign Debt Crises
The IMF & World Bank
5

Economic Development

5 lessons

Examine how countries develop — from measuring development to growth theories, the foreign aid debate, microfinance, and the rise of emerging markets.

Measuring Development (GDP/HDI/Gini)
Growth Theories
The Foreign Aid Debate
Microfinance
Emerging Markets
6

Globalization

5 lessons

Trace the history and future of globalization — from global supply chains and offshoring to immigration economics and the forces driving deglobalization.

History of Globalization
Global Supply Chains
Offshoring & Outsourcing
Immigration Economics
Deglobalization