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1.International Economy and Globalization
-What is globalization?
- Why is globalization important?
-International trade and the nation’s standard of living, International flow of capital and labor.
-Current international economic problems, International Institution and The World Economy.
กิจกรรม : Online Lecture, power point, Discussion, Exercises

2.International Economics Institutions since World War II
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3. International Organization,
Economic Integration
Forms of Economic Integration, Trade Creation and Trade Diversion in Customs Unions, The European Union, The European Free Trade Association, U.S. Free Trade Agreements and the North American Free Trade Agreement , Attempts at Economic Integration among Developing Countries
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4. Early Trade Theories
The Mercantilists’ Views on Trade, Trade Based on Absolute Advantage.
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5. The Law of Comparative Advantage
Trade Based on Comparative Advantage, Comparative Advantage and Opportunity Costs, Production Possibilities Frontier, Gain from trade, Trading Under Constant-Cost Conditions, Equilibrium Terms of Trade, Term of Trade, Changing Comparative Advantage, Trading Under Increasing-Cost Condition, The Marginal Rate of Transformation, Community Indifference Curves, Equilibrium in Isolation, The Gains From Trade with Increasing Costs, Equilibrium-Relative Commodity Price with Trade.
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6. The Heckscher-Ohlin and Other Trade Theories
Factor Endowments and the Heckscher-Ohlin Theory, The Formal Heckscher-Ohlin Model, Factor-Price Equalization and Income Distribution, Stolper-Samuelson Theorem, Leontief Paradox, Economies of Scale and International Trade, Trade based on Product Differentiation, Technological Gap and Product Cycle Models.
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Midterm
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7. The Theory of Tariffs and Quotas Commercial Policy
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9.Trade and Balance of Payments
Definition and Use, Balance of Payments Accounting Principles, Double-Entry Bookkeeping, The International Transaction, Measuring Deficits or Surpluses.
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10. The Foreign Exchange Market and Exchange Rates
Functions of the Foreign Exchange Market, Equilibrium Exchange Rates, Cross Exchange Rates, Effective Exchange Rate, and Arbitrage, Spot and Forward Exchange Rates, Foreign Exchange Futures and Options, Foreign Exchange Risk, Hedging, Speculation.
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11. The International Monetary System: Past, Present, and Future
International Monetary System, The Gold Standard, The Bretton Woods System, Operation and Evolution of the Bretton Wood System, The Present International Monetary System, Problems with the Present International Monetary System, Financial Crises, Other Current International Economic Problems
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12.International Financial Crises
13.The United States in the World Economy
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14.The European Union: Markets into one
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15.Trade and Policy Reform in Latin America
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16.The BRIC Countries in the World Economy
17.The Export-Oriented Growth in East Asia
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Final Exam
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