International Economic Relations

Abstract

The International Economic Relations field focuses on the consequences of the economic interaction among countries. These interactions include trade in goods, services, assets, ideas, and macroeconomic spillover effects, as well as the effects of rules, regulations and policies like tariffs, trade quotas, controls on the international flow of capital and the exchange rate regime. There are important consequences of these interactions including unemployment and inflation, the rise or fall of particular industries, and the outcomes for different categories of workers. These affect national welfare, economic stability, inequality and political movements, which in turn affect economic policymaking. The coursework in this field prepares students through the teaching of economic theory, political theory, statistics and various types of empirical analyses.