Course Objectives

An examination of the economic forces associated with trade in food and agricultural products between China and other countries. Economics principles and analytical techniques are applied to international trade and multi-national markets. Consideration is also given to international commercial policy as it relates to agriculture and international economic integration.

Economics principles and analytical techniques are applied to international trade and multi-national markets. Consideration is also given to international commercial policy as it relates to agriculture and international economic integration.

We are living in an increasingly globalized world; international linkages affect virtually all aspects of our everyday lives. Therefore, it is imperative that students have and understanding of, and an appreciation for, the global economy and international economic issues. After the successful completion of this course, students should be able to: 1. Access economic news with greater sophistication; 2. Relate international economic events to the operations of a firm; 3. Assess the impact of proposed international economic policies; 4. Appreciate the interrelatedness of national economies; 5. Understand why international economic interactions fluctuate.

Course Contents

The (micro)economic foundations governing the analysis of international trade;

The determinants of trade patterns between nations;

The determination of prices in international markets;

The gains from international trade;

The effects of international trade on an economy;

The winners and losers from international trade;

The interaction and interdependence of national economies;

The dynamics of international factor movements;

The process and implications of international economic integration;

The economic analysis of trade policy;

The main arguments for and against protectionism;

The role of international trade for economic growth and economic development

Credits: 2