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Trade, Immigration and Exchange Rates in a Globalized World
  • Level Foundation
  • Duration 12 hours
  • Course by IE Business School
  • Offered by

About

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.

Modules

Understanding Currencies

    • 4 Videos
    • 2 Readings
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4 Videos

  • 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

2 Readings

  • 5 World Currencies That Are Closely Tied to Commodities
  • Optional: Trade, Immigration And Exchange Rates In A Globalized World: A Reader

Exchange rates and the economy

    • 4 Videos
    • 1 Readings
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4 Videos

  • 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

1 Readings

  • Exchange Rate Systems

Exploring currencies

    • 2 Videos
    • 1 Readings
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2 Videos

  • Yen, Euro and Pound Sterling; Yuan and Rupee, the Dollar
  • Conclusions

1 Readings

  • Deutsche Bank Trade Of The Week: Sell The US Dollar To Yen Exchange Rate

Testing your skills

    • 1 Assignment
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1 Assignment

  • Exchange Rates

How does trade affect the economy?

    • 3 Videos
    • 1 Readings
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3 Videos

  • Introduction, assumptions and terminology
  • Production possibilities curve
  • The model: Absolute advantage

1 Readings

  • Optional: Trade, Immigration And Exchange Rates In A Globalized World: A Reader

How does trade benefit the economy?

    • 2 Videos
    • 1 Readings
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2 Videos

  • Partial equilibrium analysis
  • The benefits of free trade

1 Readings

  • 10 benefits of trade for developing countries

Can trade hurt the economy?

    • 3 Videos
    • 1 Discussion
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1 Discussions

  • Trade in your country

3 Videos

  • The effect of tariffs
  • Does anyone lose from trade?
  • Can free trade still be seen as beneficial?

The real world of international trade

    • 3 Videos
    • 2 Readings
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3 Videos

  • The WTO and global free trade
  • Trends since WWII: globalization followed by protectionism
  • What would more protection do to the world?

2 Readings

  • Why the U.S. needs the World Trade Organization
  • Do open markets matter or is protectionism the answer?

Testing your skills!

    • 1 Assignment
Show info about module content

1 Assignment

  • Module II. Trade

What is the Balance of Payments?

    • 3 Videos
    • 2 Readings
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3 Videos

  • Introduction
  • Basic components
  • Practical Exercise

2 Readings

  • Balance of Payments
  • Trade, Immigration And Exchange Rates In A Globalized World: A Reader

What does a current-account deficit or surplus mean?

    • 2 Videos
    • 1 Readings
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2 Videos

  • What does a current-account deficit or surplus mean? Part 1
  • What does a current-account deficit or surplus mean? Part 2

1 Readings

  • Current Account Deficits: Is There a Problem?

Why do countries have current-account deficits or surpluses?

    • 3 Videos
    • 1 Readings
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3 Videos

  • 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?

1 Readings

  • How crucial is the current account deficit?

Lets take a look at some surplus countries and some deficit countries!

    • 4 Videos
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4 Videos

  • The Current Account and National Growth Models
  • The Current Account and National Growth Models
  • The Global Growth Model
  • Conclusions

Testing your skills!

    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Module III. Balance of Payments

1 Discussions

  • Examining a country´s BOP data?

Migration as part of globalization

    • 2 Videos
    • 2 Readings
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2 Videos

  • Introduction
  • Migration as part of globalization

2 Readings

  • International Migration: The human face of globalisation
  • Optional: Trade, Immigration And Exchange Rates In A Globalized World: A Reader

How does migration affect the economy?

    • 2 Videos
    • 2 Readings
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2 Videos

  • How does migration affect the economy? Part 1
  • How does migration affect the economy? Part 2

2 Readings

  • Does Immigration Help or Hurt Local Economies?
  • Is migration good for the economy?

Why is there so much opposition to immigration?

    • 3 Videos
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3 Videos

  • Causes for opposition
  • Why is there so much opposition to immigration?
  • Current issues, objections and responses

Migration and employment

    • 4 Videos
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4 Videos

  • 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!

Testing your skills

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Module IV. (IM)MIGRATION

1 Videos

  • Final comments

Now let´s apply what you´ve learned!

    • 4 Videos
    • 1 Readings
    • 1 PeerReview
    • 1 Assignment
Show info about module content

1 Assignment

  • Let´s see if you remember some of the theory

1 Peer Review

  • Final Presentation: Peer Graded

4 Videos

  • RECAP: TRADE, IMMIGRATION AND EXCHANGE RATES IN A GLOBALIZED WORLD
  • PROJECT INSTRUCTIONS
  • PROJECT FEEDBACK: SPAIN 2004-2018
  • CAPSTONE CONCLUSIONS

1 Readings

  • Instructions

Auto Summary

Explore the economic impacts of globalization with "Trade, Immigration and Exchange Rates in a Globalized World," a foundational business and management course on Coursera. Led by expert instructors, this 720-minute course delves into exchange rates, trade, balance of payments, and immigration. Ideal for those interested in understanding global economic dynamics, it offers flexible subscription options (Starter, Professional) to suit your learning needs. Join now to enhance your grasp on key aspects of globalization and their influence on national economies.

Gayle Allard
Instructor

Gayle Allard