International Trade & Finance is a specialized course of study of the international dimensions of Economics. Alfred Marshall, one of the intellectual giants of Economics, defined economics as “... a study of mankind in the ordinary business of life”. As such, microeconomics provides a framework for analyzing decisions made by individuals and firms, especially decisions concerning the allocation of scarce resources and the implications of those decisions for both the decision-maker and the wider society. Macroeconomics, which uses the foundations provided by microeconomics, focuses on the determinants of economic aggregates like the price level and national output and studies the effects of monetary and fiscal policy on these aggregates.
The Bachelor of Science in International Trade is a program with several learning objectives for students:
- Identify the role of supply and demand in a market economy.
- Identify the necessary conditions for market economies to function well.
- Discuss market system advantages and pricing.
- Understanding of the economic role of government policy.
- Identify policy options and their effectiveness.
- Understanding importance of international relations to trade and finance.