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Unformatted text preview: Course Introduction: ECON 2001: International Economics The world is being flattened. I didnt start it and you cant stop it, except at great cost to human development and your own future. But we can manage it, for better or worse. The World Is Flat , Thomas L. Friedman, p. 469 In order to succeed at business and be a part of the new global economy, it is important to understand the system in which you will be operating. This course presents the fundamental principles of international trade theory and trade policy, and it offers an introduction to international finance. The first part of the course focuses on the nature and source of the gains to international trade, which is also known as the pure theory of international trade. The second part of the course introduces international trade policy. It examines the economic impact of tariffs, quotas, and nontariff barriers on a nation's welfare. Next, there is a brief history of modern U.S. trade policy and how its policy decisions, combined with world events, ultimately there is a brief history of modern U....
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This note was uploaded on 04/10/2011 for the course ECON 2001-1 taught by Professor Nickeyturner during the Spring '11 term at Walden University.
- Spring '11
- International Economics