Faculty of Business and Management Sciences · International Trade and Finance (English) · Undergraduate
Course Objective
The course aims to introduce international economic institutions and their structures, functions and impacts (on national and international economies) as well as develop students’ skills to have an informed commentary on both academic and more popular arguments on these institutions.
By the end of the course, the students should be able to (i) explain the role international economic institutions in the process of globalization, (ii) compare the structures and functions of international economic institutions, (iii) discuss the impact of international economic institutions on national economies, (iv) discuss the impact of international economic institutions on the world economy, (v) analyze academic and popular arguments on international economic institutions.
Course Content
The topics to be covered include the following institutions: World Trade Organization, World Bank, International Monetary Fund, United Nations Conference on Trade and Development, Islamic Development Bank, Asian Development Bank, regional integrations, OECD, OPEC, G8, G20, and Organisation of Islamic Cooperation (OIC).
Required Resources
Randall W. Stone, Controlling Institutions and Global Economy, Cambridge University Press, 2011.
Harold James, International Monetary Cooperation Since Bretton Woods, Oxford University Press, 1996.
Recommended Resources
Morris Goldstein, IMF and Global Financial Crises: Stabilization Efforts, Institute for International Economics, 2001.
Course Learning Outcomes
- To comprehend the framework (concept, scope and content) of economic development.
- To comprehend classic theories of economic growth and development.
- To have a wide insightful of interatctivity / interdependancy among poverty, inequality and development.
- To analyze rural development, agricultural transformation, effect of education on human capital and migration.
- To analyze the effect of foreign trade, foreign investment, and financial movements on economic development.
- To evaluate the roles of market, state and civil society.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 14 | 3 | 42 |
| Out of Class Study Period | 8 | 1 | 8 |
| Midterm | 8 | 1 | 8 |
| Quiz | 0 | 0 | 0 |
| Assignment | 5 | 10 | 50 |
| Practice | 0 | 0 | 0 |
| Final | 5 | 1 | 5 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction | Introduction |
| 2 | Scope of international economic organizations | Scope of international economic organizations |
| 3 | IMF | IMF |
| 4 | Monetary System (Bretton Woods) | Monetary System (Bretton Woods) |
| 5 | International Trade | International Trade |
| 6 | International Trade 2 | International Trade 2 |
| 7 | World Trade Organization | World Trade Organization |
| 8 | Midterm | Midterm |
| 9 | Trade Negotiations | Trade Negotiations |
| 10 | other international institutions | other international institutions |
| 11 | other int. institutions 2 | other int. institutions 2 |
| 12 | other int. institutions 3 | other int. institutions 3 |
| 13 | Liberalism | Liberalism |
| 14 | case study 1 | case study 1 |
| 15 | case study 2 | case study 2 |