The objective of this course is to equip participants with the essential knowledge and skills to understand and apply the international economic principles and methods to real-world situations. By the end of the course, participants will be able to:

• Explain the role and functions of international trade and international finance in a modern economy
• Apply the main models and frameworks of international trade and international finance analysis
• Assess the effects of trade liberalization, protectionism, regional integration, and multilateral institutions on trade flows and welfare
• Evaluate the effects of exchange rate fluctuations, monetary policy, fiscal policy, and capital mobility on macroeconomic outcomes and financial stability
• Discuss the current trends and challenges facing the global economy in the context of globalization, digitalization, and innovation

This course is designed for professionals who are interested in learning about international economics, its applications and implications. It is suitable for those who work in or interact with the global economy, such as managers, consultants, analysts, investors, or educators. It is also relevant for those who want to enhance their general knowledge and skills in economics and finance.

By taking this course, participants will benefit from:

• Gaining a comprehensive and up-to-date understanding of international economics
• Developing analytical and critical thinking skills to deal with global issues
• Enhancing their professional competence and confidence in the global economy
• Expanding their network and learning from peers and experts in the field

Day One:

Introduction to International Economics

• What is international economics and why does it matter?
• What are the main goals and challenges of international economics?
• What are the key concepts and principles of international economics?
• What are the main sources of data and information on international economics?

Day Two:

International Trade Theory

• What are the main theories of international trade (e.g., Ricardian model, Heckscher-Ohlin model, specific factors model)?
• How do they explain the patterns and gains from trade?
• How do they incorporate increasing returns to scale, imperfect competition, product differentiation, and firm heterogeneity?
• How do they account for income distribution effects, factor price equalization, and growth effects?

Day Three:

International Trade Policy

• What are the main instruments of trade policy (e.g., tariffs, quotas, subsidies)?
• How do they affect domestic and foreign producers and consumers?
• How do they affect social welfare and efficiency?
• How do they interact with other policies (e.g., income tax, environmental regulation)?

Day Four:

International Finance Theory

• What are the main theories of exchange rate determination (e.g., monetary approach, asset approach)?
• How do they explain the short-run and long-run movements of exchange rates?
• How do they incorporate expectations, speculation, risk premium, and overshooting?
• How do they account for purchasing power parity, interest rate parity, uncovered interest parity?

Day Five:

International Finance Policy

• What are the main types of exchange rate regimes (e.g., fixed vs. flexible, pegged vs. floating)?
• How do they affect macroeconomic performance and stability?
• How do they interact with monetary policy and fiscal policy?
• How do they cope with currency crises and speculative attacks?

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.