ECON 215 The World Economy (Not offered 2004-2005)

This course is an introduction to international trade and finance with an emphasis on issues of current interest. Topics to be discussed may include: the gains from trade; why nations trade; different theories of the pattern of trade; the effects of tariffs and other trade barriers on national welfare and income distribution; the balance of payments, the determination of foreign exchange rates, and alternative exchange rate regimes. Students seeking greater depth in the coverage of the subject matter on international trade should take Economics 358. Format: lecture/discussion. Requirements: problem sets, a midterm, and a final exam. Prerequisites: Economics 110 or 101. Students who have completed Economics 251 must have permission of instructor. Enrollment limit: 40.