ECO 116 - Inside the Global Economy

3 credit hours - Three hours weekly; one term.
This course meets the Social and Behavioral Sciences General Education Requirement. This course meets the Diversity Requirement.

Explore the concepts of the global economy. Discuss national differences in political economy, possible differences in culture and ethical standards, theories of why nations trade and arguments for and against trade, the role of foreign investment, trade blocs (such as NAFTA and the European Union) and other aspects of economic integration as well as exchange rates and the global monetary system. Examine how firms can compete effectively and ethically in a global marketplace and the importance of exporting, importing, countertrade, global production, marketing, and human resource management. Evaluate reasons why cross-cultural understanding and appreciation are crucial to the effective functioning of a global economy.

Prerequisite(s): Eligibility for ENG 101 /ENG 101A .

Note: Appropriate for students with no prior study of economics. Typically offered at MC and OL; fall and spring terms.