Economic Aspects of International Relations

This course is an introductory course for economic aspects of international relations. Over the last two decades, globalization has had a huge impact on world economies and politics. Movement of goods, services, people and money across countries have increased. It is therefore imperative to understand the mechanisms behind these movements and their potential economic impact on individual countries\u27 economic development. Two key questions to be answered are why do countries trade with each other and how are the terms of trade decided. Of course, not only economics but social and political aspects of trade should also be considered. By the end of the semester, students should have acquired in-depth knowledge of basic applied economics and understanding of key concepts, models, theories, and debates involved in the study of sustainable development as well as interaction between politics and economics in the international system. Students should also have developed the skills to: collect, sort, and evaluate information; analyze complex situations and synthesize information