This course emphasizes microeconomic concepts related to managerial decision-making. Students will learn to analyze the global business environment of industrialized and developing countries, and to think strategically, using micro and macroeconomics principles. Markets, consumers, producers, trade, distribution, welfare, tariffs, non-tariffs barriers, and monetary and macroeconomics issues of development and transitions will be discussed.
- Evaluate how output prices affect factor prices.
- Assess the impact of tariff on small and large countries.
- Analyze a country’s international investment position.
- Analyze the merits of arguments for international trade restrictions, including those based on infant industries, monopolies, strategic trade policy, externalities, scientific tariff, competition with low-wage foreign supplies and so on.
- Evaluate the effect of economic growth on welfare.
- Appraise the activities of the foreign exchange markets.
- Evaluate the wide-ranging effects of opening international trade.
- Analyze the tariffs’ effects on resource allocation and income distribution.
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