ECON 470


Document Type

Course Change

Publication Date

Fall 2008


KEENE STATE COLLEGE 2008-2009 COURSE PROPOSAL FORM DATE: October 22, 2008 SPONSORING PROGRAM AND CHAIR: Department of Economics and Political Science Chair Michael Welsh, mwelsh@keene.edu , x8-2634, MS 3400 PROPOSAL SPONSOR: Armağan Gezici, agezici@keene.edu, x8- 2686, MS 3400 PROPOSED ACTION: Course Addition Number Change Title Change Credit Change Description Change Prerequisite Change Course Deletion Course Replacement Other: Change in course offering EXISTING (OLD) DATA: ECON 470 INTERNATIONAL TRADE & FINANCE Applies advanced macroeconomic theory to global trade and finance through theory of comparative advantage, balance of payments accounts, determination of fixed and flexible exchange rates, and theories of currency crises. Prerequisites: Econ 100, 250 and 402. Fall. PROPOSED (NEW) COURSE DESCRIPTION: Applies advanced economic theory to global trade and finance through theories of comparative advantage, balance of payments accounts, fixed and flexible exchange rates, and currency crises. Prerequisites: ISECON 100, ECON 250. Spring LEARNING OUTCOMES: • Students will apply micro and macroeconomic theory learned in ECON 250 to specific international issues of trade and finance. • Through a research paper, students will gain a detailed knowledge of one economic problem facing a single country or region of the world • Students will learn to locate and apply current data to analyze world economy. • Students will gain a sophisticated understanding of emerging trade and finance theory. RATIONALE: This course draws upon an area of expertise that Assistant Professor Armağan Gezici has specialized in her research. • By changing the wording in the description from “macroeconomic theory” to “economic theory,” we are suggesting a broader theoretical scope that would entail the use of both macro and microeconomic theory. Microeconomic theory will be the main theoretical framework for the “international trade” section of the course. • In line with these changes in the description and focus of the course, we are removing “Advanced Macroeconomics” from the list of prerequisites. The knowledge of both microeconomics and macroeconomics necessary in the course will be gained in ECON 250. These changes will improve the course and make it both broad and compact with its redefined focus. RESOURCES: No additional resources are needed. Assistant Professor Armağan Gezici will offer this course regularly in spring semesters. Existing library resources are sufficient for the course. ADVISORY OPINIONS: No other departments will be affected by the change


Senate Curriculum Committee




Keene State College

ECON 470