COURSE TITLE INTRODUCTION TO INTERNATIONAL ECONOMICS

Faculty of Social Sciences, UNIMASCOURSE TITLECOURSE CODEINTRODUCTION TO INTERNATIONAL ECONOMICS(Pengenalan Ekonomi Antarabangsa )SSA2044CREDIT 4PREREQUISITE/SSYNOPSISModern Economics (SSF1074)International economics is a field of study which assesses theimplications of international trade in goods and services andinternational finance. There are two broad sub-areas under withinthe study of international economics. In the first half of thecourse, sources of comparative advantage, gains and losses fromtrade, the impact of trade on economic growth and effects oftrade policy interventions such as tariff, quota, export subsidiesand voluntary export restraints will be highlighted. Internationalagreements on regional economic cooperation particularly oncustom union will also be discussed. In the second half of thecourse, topics on international finance will include balance ofpayments, macroeconomic policy in the open economy underdifferent exchange rate regimes and the issue of growth, crisisand reform in developing countries.(Ekonomi antarabangsa merupakan bidang pengajian yangmenilai kesan perdagangan barangan dan perkhidmatan sertaperdagangan kewangan. Terdapat dua bahagian dalam kajianekonomi antarabangsa. Dalam bahagian pertama kursus ini,sumber faedah bandingan, keuntungan dan kerugian daripadaperdagangan, kesan perdagangan ke atas pertumbuhan ekonomidan kesan polisi perdagangan seperti cukai, kuota, subsidieksport dan sekatan eksport sukarela akan diberi keutamaan.Perjanjian perdagangan bagi kerjasama ekonomi serantauterutamanya mengenai kesatuan kastam akan jugadibincangkan. Dalam bahagian kedua kursus ini, tajuk-tajukmengenai perdagangan kewangan akan merangkumi imbanganpembayaran, polisi makroekonomi dalam ekonomi terbuka dibawah rejim kadar pertukaran wang yang berlainan serta isupertumbuhan, krisis dan reformasi di negara-negara sedangSSA2044 Introduction to International Economics 1 / 5

Faculty of Social Sciences, UNIMASmembangun.)LEARNINGOUTCOMESBy the end of this course, students will be able to:o Analyze and solve the problems of trade and balance ofpaymentooo(C4)Discuss the central concepts of international trade and thebasic theories of international trade and internationalfinance (P2)Develop arguments on various trade policies,protectionism, and free trade agreements and justify theimplementation of trade policies chosen (A3)Relate and reorganize the fundamental theories ofinternational economics with real economic situations anddiscuss it in a group. (CS, CT, TS, LS)STUDENTLEARNINGHOURSLecturesTutorialsStudent-Centered LearningSelf-StudyQuizzes, Tests, & ExaminationsTotal35 Hour/s7 Hour/s14 Hour/s98 Hour/s6 Hour/s160 Hour/sLEARNINGUNITSSupervisedLearning Hours1. Introduction to International Economics- What is international economics?- Importance of international economics- Some current international economic issues42. Our global economy: One world or two?- Meaning of globalisation- Economic, technological and cultural integration- Relationship between international trade andstandards of living- Film: Globalisation and Australian business: RipCurl - a case study4SSA2044 Introduction to International Economics 2 / 5

Faculty of Social Sciences, UNIMAS3. Our Place in the History of Economics- Capitalism: Theory and key elements- Global capitalism and imperialism: The logic ofaccumulation- Global poverty and inequality- Development and underdevelopment44. The Global Economy Since WWII - 1- The Marshall Plan- Saving Global Capitalism: Keynesianism &Consumerism45. The Global Economy Since WWII - 2- International Trade Policy: Tariffs and Non-TariffBarriers to Trade- Protectionism- Terms of Trade and economic development- Import Substitution and Export Promotion46. Bilateral and Multilateral Economic Cooperation - 1 4- Economic Integration- Regional Trade Agreements7. Bilateral and Multilateral Economic Cooperation - 2- Managing Capitalism and Global Trade ? TheGlobal Institutions- IMF; World Bank, GATT/WTO- Response of the South and other Regional TradeAgreements48. Globalisation and the Free Market4- Reinventing the Free Market- Technology and capitalism9. Key Issues in the International Economy - 1- The Problems of Free Trade- Global Financial Markets- Debt and Global Financial Crises- Film: Capitalism: A Love Story410. Key Issues in the International Economy - 24- Role of Foreign Direct Investment (FDI)- Film: The New Rulers of the WorldSSA2044 Introduction to International Economics 3 / 5

Faculty of Social Sciences, UNIMAS11. Key Issues in the International Economy - 3- The Post-American World ? The Rise of BRIC- Implications of the rise of China and India toSoutheast Asia412. Key Issues in the International Economy - 4- The Geopolitics of Oil- The International Arms Trade- Movie: The Lords of War- International trafficking of drugs, animals,endangered species and human beings413. Looking to the Future - 1- Spaceship Earth- Steady-state economics- Film: The 11th Hour414. Looking to the Future - 2- Sustainable Development- Is Capitalism Compatible with the Environment?- Film: An Inconvenient Truth4ASSESSMENT Individual Assignment30 %Group assignment30 %Final exam40 %Total100 %REFERENCES 1. Carbaugh, Robert J. (2009). International Economics (12thed.). Australia: South-Western-Cengage Learning.2. Salvatore, D. (2010). Introduction to InternationalEconomics: International Edition. Boston:Pearson-Addison-Wesley.3. Salvatore, D. (2004). International Economics (8th ed.).United States: John Wiley & Sons.4. Appleyard, D., A. J. Field and S. L. Cobb (2005).International Economics (5th ed.). Boston: McGraw-Hill.SSA2044 Introduction to International Economics 4 / 5

Faculty of Social Sciences, UNIMAS5. Miller, Raymond C. (2008). International PoliticalEconomy. London & New York: Routledge.Last updated: May 20, 2011, Fri, 10:14 AMSSA2044 Introduction to International Economics 5 / 5