The structure of the International Economics minor includes five required courses of three credits each. Principles of Microeconomics and Principles of Macroeconomics are the basis for the other three courses. The other three courses cover a variety of topics in international trade and provide an economic perspective on international growth and to development experiences.
International Economics Minor
ECON-E 201 Introduction to Microeconomics (3 cr.). Scarcity, opportunity cost, competitive and non-competitive market pricing, and interdependence as an analytical core. Individual sections apply this core to a variety of current economic policy problems, such as poverty, pollution, excise taxes, rent controls, and farm subsidies. I Sem., II Sem., SS.
ECON-E 202 Introduction to Macroeconomics (3 cr.) P: E201. Measuring and explaining aggregate economic performance, money, monetary policy, and fiscal policy as an analytical core. Individual sections apply this core to a variety of current economic policy problems, such as inflation, unemployment, and economic growth. I Sem., II Sem., SS.
ECON-E 303 Survey of International Economics (3 cr.) P: E201 and E202. Basis for and effects of international trade, commercial policy and effects of trade restrictions, balance of payments and exchange rate adjustment, international monetary systems, and fixed versus flexible exchange rates. Not recommended for economics majors. Only 6 credit hours from E303, E331, and E332 may be counted toward a major in economics.
ECON-E 317 Economic Growth and Development (3 cr.) P: E201 and E202. Income differences across countries, income growth rates over time and other measures of standard of living. Empirical and theoretical methods and both microeconomic and macroeconomic perspectives are used to address questions, such as why are some countries so rich, while other countries are so poor?
ECON-E 318 Topics in International Economics (3 cr.) P: E303 and E317. Advanced topics in international economics based on microeconomic principles. Topics vary, but may include international trade institutions; trade negotiations; foreign direct investment; effects of trade on consumers, labor, and capital; the effects of trade on productivity, growth and welfare; intellectual property rights, financial integration, and analysis of particular trade agreements such as NAFTA.
ECON-S 201 Introduction to Microeconomics: Honors (3 cr.) Honors course. Designed for students of superior ability. Covers same core materials as E201 and substitutes for E201 as a prerequisite for other courses. I Sem.
ECON-S 202 Introduction to Macroeconomics: Honors (3 cr.) P: S201 or E201. Honors course. Designed for students of superior ability. Covers same core material as E202 and substitutes for E202 as a prerequisite for other courses. II Sem.