Trade, Immigration and Exchange Rates in a Globalized World

  • 4.8
Approx. 12 hours to complete

Description

This is the second of the three courses part of the Globalization, Economic Growth and Stability Specialization. This course will focus on facets of globalization that affect a country´s economic perspectives and decisions. Globalization has recently been the predominant subject in many political debates, and this course will go into the determinants of globalization. It will be separated into four modules; the first module will explain exchange rates. It will cover what determines exchange rate and how different exchange rates affect the economy and the reality of currencies. The second module will explore trade, the reality of free trade, and what occurs to a country´s economy with protectionism. The third module will go into the balance of payments, it will help you understand how economic transactions between a country and the rest of the world work. The fourth module will focus on Immigration, which is probably one of the most controversial subjects today. It will explain how migration affects host countries and it will cover current migration trends.

Outline

  • Exchange Rates
  • Globalization and its discontents
  • What determines the value of a currency?
  • Some key indicators that drive currency values and an illustration
  • Special cases: commodity currencies; reserve and safe haven currencies
  • How do exchange rates affect the economy?
  • How can governments intervene to influence the value of the currency?
  • Contradictory government objectives
  • Different exchange-rate regimes and the world´s key currencies by turnover
  • Yen, Euro and Pound Sterling; Yuan and Rupee, the Dollar
  • Conclusions
  • 5 World Currencies That Are Closely Tied to Commodities
  • Exchange Rate Systems
  • Deutsche Bank Trade Of The Week: Sell The US Dollar To Yen Exchange Rate
  • Exchange Rates
  • Trade
  • Introduction, assumptions and terminology
  • Production possibilities curve
  • The model: Absolute advantage
  • Partial equilibrium analysis
  • The benefits of free trade
  • The effect of tariffs
  • Does anyone lose from trade?
  • Can free trade still be seen as beneficial?
  • The WTO and global free trade
  • Trends since WWII: globalization followed by protectionism
  • What would more protection do to the world?
  • Optional: Trade, Immigration And Exchange Rates In A Globalized World: A Reader
  • 10 benefits of trade for developing countries
  • Why the U.S. needs the World Trade Organization
  • Do open markets matter or is protectionism the answer?
  • Module II. Trade
  • Balance of Payments
  • Introduction
  • Basic components
  • Practical Exercise
  • What does a current-account deficit or surplus mean? Part 1
  • What does a current-account deficit or surplus mean? Part 2
  • Why do countries have current-account deficits or surpluses? Part 1
  • Why do countries have current account deficits or surpluses? Part 2
  • What do current account imbalances mean, and how can they be corrected?
  • The Current Account and National Growth Models
  • The Current Account and National Growth Models
  • The Global Growth Model
  • Conclusions
  • Balance of Payments
  • Trade, Immigration And Exchange Rates In A Globalized World: A Reader
  • Current Account Deficits: Is There a Problem?
  • How crucial is the current account deficit?
  • Module III. Balance of Payments
  • (Im)migration
  • Introduction
  • Migration as part of globalization
  • How does migration affect the economy? Part 1
  • How does migration affect the economy? Part 2
  • Causes for opposition
  • Why is there so much opposition to immigration?
  • Current issues, objections and responses
  • Migration:objections and responses
  • How globalization affects trade and immigration
  • Conclusions: Is globalization to blame for stagnant lower- and middle-class incomes?
  • Globalization is worth fighting for!
  • Final comments
  • International Migration: The human face of globalisation
  • Optional: Trade, Immigration And Exchange Rates In A Globalized World: A Reader
  • Does Immigration Help or Hurt Local Economies?
  • Is migration good for the economy?
  • Module IV. (IM)MIGRATION
  • CAPSTONE
  • RECAP: TRADE, IMMIGRATION AND EXCHANGE RATES IN A GLOBALIZED WORLD
  • PROJECT INSTRUCTIONS
  • PROJECT FEEDBACK: SPAIN 2004-2018
  • CAPSTONE CONCLUSIONS
  • Instructions
  • Let´s see if you remember some of the theory

Summary of User Reviews

This course on trade, immigration, and exchange rates in a globalized world has received positive reviews from many users. The course covers a range of topics related to international trade and immigration, and has been praised for its comprehensive approach to the subject matter. One key aspect that many users thought was good is the practical examples and case studies used throughout the course.

Pros from User Reviews

  • Comprehensive coverage of international trade and immigration
  • Practical examples and case studies
  • Engaging and knowledgeable instructors
  • Flexible schedule and self-paced learning
  • Access to course materials even after completion

Cons from User Reviews

  • Some users found the course material too basic
  • Occasional technical issues with the online platform
  • Limited interaction with instructors and other students
  • Some users found the quizzes and assignments too difficult
  • No certificate or credential offered
English
Available now
Approx. 12 hours to complete
Gayle Allard
IE Business School
Coursera

Instructor

Gayle Allard

  • 4.8 Raiting
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