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Steven Suranovic Faculty Member


Steven Suranovic is an Associate Professor of Economics and International Affairs at the George Washington University. He is affiliated with the Elliott School’s Institute of International Economic Policy. He received a B.S. in mathematics from the University of Illinois at Urbana/Champaign and an M.S. and Ph.D. in economics from Cornell University. He has been a faculty member at the George Washington University since 1988, teaching principles of microeconomics, international trade and international finance. He is currently the Director of the GW Global Bachelor's Program. This program enables students from CCAS, ESIA and GWSB to pursue their majors while studying abroad in at least three different semesters. Prof Suranovic accompanies these students in their first study abroad semester at Fudan University in Shanghai China where he teaches them in one international economics course and serves as a mentor and guide. Prof Suranovic has also served several terms as the Director of the International Trade and Investment Policy (ITIP) masters program at the Elliott School of International Affairs. In Fall 2002, he taught at Sichuan University in Chengdu, China, as a visiting Fulbright lecturer. From 2009-2016, he taught summer study abroad classes for GW students at Fudan University in Shanghai. He has also spoken as a participant to the U.S. State Department's speaker's programs to business, government and academic audiences in Japan, Malaysia, the Philippines, China and Mongolia. Steven Suranovic's most recent research examines the ethics of market exchange and government policy, unfair trade policies with China, market competition in the US and China, and the world's addiction to fossil fuels and the implications for global climate change. In 1997, he created The International Economics Study Center website to provide useful information related to international trade, international finance and other economic issues of the day. A free resource available is an online textbook covering standard topics in International Trade and Finance. New this year is a complete online course covering a Survey of International Economics. The site includes links to a free online text, lecture videos for each lesson, problems sets and answer keys. In 2019, he created the Ethical Economics Study Center website to to explain that a free market capitalist economic system requires people to conform to a set of ethical principles. Unfortunately for almost a century, the ethical content of economics has been mostly hidden from view in economics textbooks. As a result, some believe, incorrectly, that markets allow for the unfettered pursuit of self-interest. In fact, although these behaviors do promote individual self-interest, they are not consistent with well-functioning markets in a capitalist system. The Study Center will soon include a complete Principles of Microeconomics course that incorporates the role of ethics in economics. He has published in numerous academic journals, including the Journal of International Economics, the Canadian Journal of Economics, World Economy, and the Journal of Health Economics. His books include: • A Moderate Compromise: Policy Choice in an Era of Globalization, published in January 2011. This work offers a critique of current methods of choosing international trade policies and suggests a simple, principled, and moderate alternative. For excerpts look to the International Economics Study Center. • International Economics: Theory and Policy, Flat World Knowledge, published in May 2010 is an international economics textbook. He also appeared and offered comments about international trade in American Made Movie. See http://theamericanmademovie.com/

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