This course examines the theoretical bases for international trade, comparative advantages, and the Heckscher-Ohlin model. The effect of trade barriers on the world economy is also explored. The importance of trade in the world economy, the mechanism of international payments, and the nature of fixed and flexible exchange rate systems are studied. The firm’s decision making process in entering a market in a foreign country is examined. The course also examines the cultural, historical and political environments that impact multinational firms’ operations.
Prerequisite Courses
Notes
Major, Minor, Elective credit.