ECO 410: Global Economics

Course Description

This course will focus on the global economy. It analyzes how the international economy is integrated, assesses the effectiveness of different trade organizations such as the WTO, examines the theory of comparative advantage and the modern trade theory, analyzes intra-industry trade, analyzes the impact of protectionism such as tariffs on global trade. The course also examines the impact of international trade on labor and the environment, the balance of payments, exchange rates and the exchange rate systems, open economy macroeconomics, past international financial crises, NAFTA, and the impact of the European Union on the global economy. (3 credits)

Prerequisites

ECO 103: Macroeconomics
ENG 101: English Composition 1
ENG 102: English Composition 2

Student Learning Outcomes (SLOs)

Upon completion of this course, the student will be able to:

Examine how the international economy is integrated
Assess the effectiveness of the IMF, the World Bank, and the WTO
Evaluate comparative advantage and the gains from trade
Examine the modern trade theory
Analyze intraindustry trade
Judge the impact of tariffs on global trade
Examine the impact of protectionism in the European Union, Japan, and the U.S
Analyze the impact of international trade on labor and the environment
Analyze the balance of payments
Analyze exchange rates and the exchange rate systems
Describe and critique open economy macroeconomics
Describe past international financial crises and predict, if any, future ones
Describe economic integration in North America and the impact of NAFTA
Examine and assess the impact of the European Union on the global economy
Analyze the impact of China and India on the world economy

Course Activities and Grading

Assignments	Points	Weight
Discussion Board Assignments (Weeks 1-7)	210	21%
Written Assignments (Weeks 1-7)	210	21%
Research Paper (Week 7)	120	12%
Midterm Exam (Week 4)	230	23%
Final Exam (Week 8)	230	23%
Total	1,000	100%

Required Textbooks

Available through Charter Oak State College's Book Bundle

Gerber, James (2018). International Economics (7th Edition). Pearson. ISBN-10: 0-13-463652-X or ISBN-13: 978-0-13-463652-8 [Looseleaf Edition]

Course Schedule

Week	SLOs	Readings and Exercises	Assignments
1	1,2	Topic: International economic integration Chapter 1 Topic: The IMF, the World Bank, and the WTO Chapter 2	Read the assigned chapters Review the lecture material Make high-quality posts to each chapter’s Discussion Board Submit your written assignment: Questions 1-5 at the end of each chapter
2	3,4	Topic: Comparative advantage and the gains from trade Chapter 3 Topic: Modern trade theory Chapter 4	Read the assigned chapters Review the lecture material Make high-quality posts to each chapter’s Discussion Board Submit your written assignment: Questions 1-5 at the end of each chapter
3	5,6	Topic: Intraindustry trade Chapter 5 Topic: Tariffs Chapter 6	Read the assigned chapters Review the lecture material Make high-quality posts to each chapter’s Discussion Board Submit your written assignment: Questions 1-5 at the end of each chapter
4	7,8	Topic: Protectionism in the European Union, Japan, and the U.S. Chapter 7 Topic: International trade’s impact on labor and the environment Chapter 8	Read the assigned chapters Review the lecture material Make high-quality posts to each chapter’s Discussion Board Submit your written assignment: Questions 1-5 at the end of each chapter Take the Midterm Exam
Midterm Exam Chapters 1, 2, 3, 4, 5, and 6 SLOs 1, 2, 3, 4, 5, and 6
5	9,10	Topic: The balance of payments Chapter 9 Topic: Exchange rates and the exchange rate systems Chapter 10	Read the assigned chapters Review the lecture material Make high-quality posts to each chapter’s Discussion Board Submit your written assignment: Questions 1-5 at the end of each chapter
6	11,12	Topic: Open economy macroeconomics Chapter 11 Topic: International financial crises Chapter 12	Read the assigned chapters Review the lecture material Make high-quality posts to each chapter’s Discussion Board Submit your written assignment: Questions 1-5 at the end of each chapter
7	13,14,15	Topic: Economic integration in North America Chapter 13 Topic: The European Union Chapter 14 Topic: China and India Chapter 17	Read the assigned chapters Review the lecture material Make high-quality posts to each chapter’s Discussion Board Submit your written assignment: Questions 1-5 at the end of each chapter Submit your research paper on an analysis of the U.S. economy and China’s economy. Also, answer these questions: How does the U.S. economy compare with China’s economy? Do you anticipate that China’s economy will be larger than the U.S. economy within the next 10 years? Why or why not?
8	7-15	Topic: Final Exam	Review chapters for Final Exam Participate in Discussions Complete Final Exam
	Final Exam Chapters 7, 8, 9, 10, 11, 12, 13, 14 & 17 SLOs 7-15

COSC Accessibility Statement

Charter Oak State College encourages students with disabilities, including non-visible disabilities such as chronic diseases, learning disabilities, head injury, attention deficit/hyperactive disorder, or psychiatric disabilities, to discuss appropriate accommodations with the Office of Accessibility Services at OAS@charteroak.edu.

COSC Policies, Course Policies, Academic Support Services and Resources

Students are responsible for knowing all Charter Oak State College (COSC) institutional policies, course-specific policies, procedures, and available academic support services and resources. Please see COSC Policies for COSC institutional policies, and see also specific policies related to this course. See COSC Resources for information regarding available academic support services and resources.