This course examines the economic rationale for economic integration among nations or regions and its relation with the macroeconomic fundamentals and macroeconomic perspectives of an open economy. The class starts with a discussion of what economic integration means and the principles of foreign trade. Next we focus on extent of economic integration such as free trade zones, regional trade agreements, the monetary integration and fiscal integration of different regions (nations). Different cases of economic integration will be discussed further into the semester such as the NAFTA, LAFTA and the European Union. Pre-req: ECN 302 or equivalent intermediate macroeconomics course. (ECO 3402)
Department: Economics
Location: Istanbul
Credits: 3