ECO 440 International Economics
In 2008, in the United States, the “housing bubble”, that is, the unsustainable rapid increase in housing prices, burst. The result to the US economy became known as the “Great Recession”. However, its impact was felt throughout the world’s financial system. Why? The obvious reason is that we live in an interconnected financial and economic world. This course develops a pathway to understanding those interconnected areas of the world economy – trade, investment and finance. Topics include the theory of comparative advantage, an analysis of tariffs and quotas, exchange rate and exchange rate systems, regional issues in the global economy, and financial crises that become international in scope.