The need for an in-depth study of international trade stems from a humble premise that any analysis of economic, political and social implications of exchange between traders in two or more national markets differs from that between traders within a national market. International trade as a means for achieving better international cooperation and economic development is indisputable. Trade relations among countries have evolved through collective debate, negotiations, agreements and on many, varied and complex issues. To strengthen the world economy for a sustainable development of trade, investment, employment and income growth, the need to develop and nurture human resources for such an economic task is indispensable. It is in this respect that AJOU GSIS has taken the cue to train experts and professionals for governments, public institutions, private companies, and firms, or individuals, with a view to enhancing their skills and understanding in the field of international trade, to handle the intricacies, issues, and challenges of the world trading system for a better future.
Quantitative Analysis of Business and Economy (Pre-requisite)
The main objective of this course is to equip students with the ability to correctly interpret statistical results. Special focus is placed on how to differentiate sound analysis from those that are not. This is critical in today's world where quantitative analyses are heavily used (or misused) in public policy and management debates.
The course is composed of two parts. In the first part, students will learn basic statistics. Specifically, students will be exposed to the concepts of statistical inference, probability, probability distribution, sampling distribution, estimation, and hypothesis testing. In the second part, students will learn basic econometrics. Having mastered simple regression, students will also learn the basics of multiple regression analysis.
Successful completion of this course will equip students to take a Ph.D. level course offered in the subsequent terms.
International (Trade) Law
This survey course will address and visit various issues, aspects and implications of public international law and institutions ranging from GATT to the World Trade Organization and beyond. Primary concentration will be on principles, norms, and policies of international trade law. It is hoped that the students can dictate the pace and topics through vigorous discussions.
WTO and International Trade Policy
This course is based on "International Trade" course, which was covered in the 1st semester. Based on the theoretical models, such as H-O model, Rechardo model, and specific factor model, the class investigates what are trade policies and its impact on countries' economic welfare. The class covers both theory and case studies and also focus on trade policies and pending trade issues like FTA and WTO.
International Trade & Development
This course covers international trade theory to explain why countries trade and international trade policy to answer what a nation's trade policy should be. In this course, you will learn how to analyze the causes and effects of international trade with simple algebra and graphical analysis.
International Finance: Market and Policy
The purpose of this course is to familiarize students with foreign exchange markets and the nature of foreign exchange risk. Topics for the course include the determination of exchange rates, both spot and forward rates, and the arbitrage relationships that link prices and interest rates throughout the world. The balance of payments of a country is also studied, and its relationship to assessing country risk is explored. Familiarity with elementary macroeconomics and monetary theory is useful in the course, but where these ideas are required, they are developed from first principles.
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