ECO-116 Inside the Global Economy

Explore the concepts of the global economy. Discuss national differences in political economy, challenges of economic growth for low-income countries, theories of why nations trade and arguments for and against trade, the role of foreign investment, regional trading blocs, exchange rates and the global monetary system. Examine how politics and economics interconnect and create positive and vicious cycles in achieving economic growth and political stability, how multinational firms operate in the global marketplace, and the role multilateral organizations play in influencing the process of globalization. Evaluate reasons why cross-cultural understanding and appreciation are crucial to the effective functioning of a global economy. Prerequisite: Eligibility for ENG 101/ENG 101A. Note: Appropriate for students with no prior study of economics.

General Education Requirement: Diversity Requirement, Social and Behavioral Sciences