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Gayle Allard

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.

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What's inside

Syllabus

Exchange Rates
Trade
Balance of Payments
Read more
(Im)migration
CAPSTONE

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores currency exchange rates and their effects on economies
Covers free trade, its benefits, and consequences of protectionism
Examines the balance of payments and how it helps understand economic transactions
Addresses immigration, its impact on host countries, and current migration trends
Taught by Gayle Allard, a renowned expert in globalization and economic growth
Part of the Globalization, Economic Growth and Stability Specialization, indicating a structured learning path

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Reviews summary

Well-received global trade course

Learners largely praise this engaging course entitled "Trade, Immigration and Exchange Rates in a Globalized World". According to students, Professor Gayle Allard is an effective instructor who simplifies complex economic concepts in a clear and interesting way. Students frequently mention Allard's sweet demeanor, expertise, and passion as strengths of the course. They say the lectures are engaging and that completing the quizzes helps them master the course material. Overall, students say they highly recommend this course for learners who wish to develop a deeper understanding of the global economy
Concepts are explained in clear and simple terms
"Really liked the way everything was explained in such simple terms."
"Very clear and nice lectures!"
"It is an excelent course, it helped me to understand how the model of Aggregate Demand and Aggregate Suuply works in the context of currency exchange, (im) migration and trade!"
Course is full of practical and deep content
"Excellent course. It gave me both practical and deep ideas on how the world works based on three pillars: economic impact on society, currency, and current account."
"It was a very informative course. I am so grateful to the lecturer for her insights."
"Outstanding content, pace, delivery, assignments."
Professor Allard is an amazing instructor
"Prof. Gayle Allard is the sweetest and she could explain concepts better than any of my previous economics teachers. Thanks a ton Professor!!"
"Professor Gayle Allard and her specialisation course ‘Globalisation, Stability and Economic growth’ has truly changed my perspective of macroeconomics."
"Congratulations, Prof. Gayle Allard, for his excellence in conducting the Trade, Immigration and Exchange Rates course in a Globalized World."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Trade, Immigration and Exchange Rates in a Globalized World with these activities:
Review the book 'Economics of Globalization' by Haroon Akram-Lodhi
Improve your understanding of the economic implications of globalization covered in this course
Show steps
  • Read Chapter 1: Introduction
  • Read Chapter 2: The Historical Evolution of Globalization
  • Read Chapter 3: The Impact of Globalization on Economic Growth
Practice currency exchange rate calculations
Strengthen your grasp of exchange rates
Browse courses on Exchange Rates
Show steps
  • Solve 10 practice problems involving currency exchange rates
Join a study group to discuss the balance of payments
Enhance your comprehension and application of balance of payments concepts
Browse courses on Balance of Payments
Show steps
  • Find a study group or create your own
  • Discuss the different components of the balance of payments
Four other activities
Expand to see all activities and additional details
Show all seven activities
Create a mind map of the impact of protectionism on a country's economy
Develop a comprehensive visual representation of the consequences of protectionism
Show steps
  • Identify the key effects of protectionism
  • Create a visual representation of these effects
Volunteer at a local organization that supports immigrants
Witness the impact of immigration and expand your understanding of its complexities
Browse courses on Immigration
Show steps
  • Find a local organization that supports immigrants
  • Inquire about volunteer opportunities
Review the book 'Globalization, Economic Growth and Inequality' by Dani Rodrik
Enhance your understanding of the complex relationship between globalization and economic growth and inequality
Show steps
  • Read Part I: The Globalization Paradox
  • Read Part II: The Political Economy of Globalization
Participate in an online debate or competition on globalization
Engage in critical thinking and argumentation about globalization
Show steps
  • Find an online debate or competition on globalization
  • Prepare your arguments and research

Career center

Learners who complete Trade, Immigration and Exchange Rates in a Globalized World will develop knowledge and skills that may be useful to these careers:
International Business Consultant
International business consultants help companies expand their operations into new countries. The course's module on trade may be particularly helpful for international business consultants, as it covers topics such as the benefits of free trade and the challenges of protectionism. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to international business consultants who work with companies that are affected by these factors.
Trade Policy Advisor
Trade policy advisors help governments develop and implement trade policies. The course's module on trade may be particularly helpful for trade policy advisors, as it covers topics such as the benefits of free trade and the challenges of protectionism. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to trade policy advisors who work on policies that affect these factors.
International Trade Specialist
International trade specialists help companies import and export goods and services. The course's module on trade may be particularly helpful for international trade specialists, as it covers topics such as the benefits of free trade and the challenges of protectionism. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to international trade specialists who work with companies that are affected by these factors.
International Economist
International economists study the economic relationships between countries. The course's module on trade may be particularly helpful for international economists, as it covers topics such as the benefits of free trade and the challenges of protectionism. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to international economists who study the effects of these factors on the global economy.
Import/Export Manager
Import/export managers oversee the import and export of goods and services. The course's module on trade may be particularly helpful for import/export managers, as it covers topics such as the benefits of free trade and the challenges of protectionism. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to import/export managers who work with companies that are affected by these factors.
Currency Trader
Currency traders buy and sell currencies in order to make a profit. The course's module on exchange rates may be particularly helpful for currency traders, as it covers topics such as the determinants of exchange rates and the effects of different exchange rates on the economy. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to currency traders who work with currencies that are affected by these factors.
Economist
Economists study how people make decisions in the face of scarcity. Exchange rates, which are covered in the first module of the course, are a major concern for economists who work in international trade. Additionally, this course can be helpful for economists working in international development, as it covers topics such as the balance of payments and the economic effects of migration.
International Relations Specialist
International relations specialists study the political and economic relationships between countries. The course's module on trade may be particularly helpful for international relations specialists, as it covers topics such as the benefits of free trade and the challenges of protectionism. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to international relations specialists who study the effects of these factors on the global economy.
Research Analyst
Research analysts study economic data and trends to make predictions about the future. The course's module on exchange rates may be particularly helpful for research analysts who work on international economics. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to research analysts who work on economic trends that are affected by these factors.
International Banker
International bankers help companies and individuals manage their financial transactions across borders. The course's module on exchange rates may be particularly helpful for international bankers, as it covers topics such as the determinants of exchange rates and the effects of different exchange rates on the economy. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to international bankers who work with clients who are affected by these factors.
Policy Analyst
Policy analysts study the effects of government policies on the economy. The course's module on trade may be particularly helpful for policy analysts who work on international trade policy. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to policy analysts who work on policies that affect these factors.
Management Consultant
Management consultants help companies improve their performance. The course's module on trade may be particularly helpful for management consultants who work with companies that operate in multiple countries. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to management consultants who work with companies that are affected by these factors.
Professor
Professors teach and conduct research at colleges and universities. The course's module on trade may be particularly helpful for professors who teach international economics or international business. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to professors who teach courses on these topics.
Lawyer
Lawyers advise clients on legal matters and represent them in court. The course's module on trade may be particularly helpful for lawyers who specialize in international trade law. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to lawyers who work on cases that involve these factors.
Financial Analyst
Financial analysts study the performance of companies and make recommendations on whether to buy or sell their stocks. The course's module on exchange rates may be particularly helpful for financial analysts who work with companies that operate in multiple countries. Additionally, the course covers topics such as the balance of payments and the economic effects of migration, which may be of interest to financial analysts who work with companies that are affected by these factors.

Reading list

We've selected 11 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Trade, Immigration and Exchange Rates in a Globalized World.
This widely-used textbook provides a rigorous and up-to-date analysis of international trade theory and policy. It covers a broad range of topics, from the basics of comparative advantage to the latest developments in trade policy.
Provides a comprehensive overview of the different theoretical approaches to the study of migration. It is an essential resource for anyone interested in understanding the complex phenomenon of migration.
This practical guide provides a detailed explanation of the balance of payments, including its compilation, analysis, and interpretation. It is an essential resource for anyone working in the field of international economics.
Provides a comprehensive analysis of the global imbalances that have emerged in recent years. Reinhart argues that these imbalances are unsustainable and could lead to a global financial crisis.
Provides a comprehensive history of US trade policy. Irwin argues that the US has a long history of protectionism and that this protectionism has often been harmful to the US economy.
Provides a comprehensive collection of historical statistics on the world economy. It is an essential resource for anyone interested in the long-term trends in the global economy.
Provides a concise and accessible overview of the causes and consequences of international migration. Brettell argues that migration complex phenomenon that has a profound impact on both sending and receiving countries.
Provides a timely and thought-provoking analysis of the future of globalization. Rodrik argues that globalization is at a crossroads and that the world is facing a choice between a more open and integrated global economy or a more fragmented and protectionist one.
Provides a critical analysis of the impact of globalization on the world economy. Rodrik argues that globalization has led to increased inequality and instability, and he proposes a number of reforms to make globalization more sustainable.
Provides a thought-provoking analysis of the challenges facing capitalism in the 21st century. Collier argues that capitalism is facing a number of threats, including inequality, environmental degradation, and technological change.
Provides an optimistic analysis of the impact of information technology on the global economy. Baldwin argues that information technology is leading to a convergence of living standards across the world.

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