International Economics Principles 5 credits

This course introduces you to the core principles of international economics, focusing on how trade, finance, and policy connect economies across the world. You will explore the gains from trade, the determinants of trade patterns, and the effects of tariffs, quotas, and other trade policies on firms and consumers. The course also provides an introduction to exchange rate determination, international monetary systems, and net-export dynamics, helping you understand how economic decisions in one country affect others through global markets. The course emphasises how international linkages shape business conditions, competitiveness, and policy choices. You will learn to interpret key macroeconomic relationships and analyse real-world developments such as currency fluctuations and financial crises. Through problem-solving exercises, you will apply economic reasoning to evaluate global challenges and policy responses. By the end of the course, you will have developed a clear understanding of how international trade and finance interact with policymaking. You will be able to interpret global economic trends and their implications. The knowledge gained in this course complements your broader studies in international business and economics, providing the context needed to navigate an interconnected global economy.