Course ID: | ECON 4550/6550. 3 hours. |
Course Title: | International Trade: Theory and Policy |
Course Description: | The determinants of world trade patterns, with discussions of immigration, capital mobility, inter-industry trade, transfer payments, and recent developments in international trade policy. |
Oasis Title: | INT TRADE |
Prerequisite: | ECON 4010 |
Semester Course Offered: | Offered every year. |
Grading System: | A-F (Traditional) |
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Course Objectives: | Using the tools of microeconomic analysis, this course explores the basis and pattern
of trade among countries, as well as its welfare and distributional implication.
Further topics include barriers to free trade, reasons for limiting trade, market
imperfections, economic integration, and current trade policy issues. Systematic
study of the material in this course will give students insight into the workings of
an open economy as well as the state of our international economic order, both past
and present. |
Topical Outline: | Comparative Advantage - The Ricardian Model
Specific Factors and Income Distribution
Resources and Trade - The Heckscher-Ohlin Model
The Standard Trade Model
Economies of Scale - Imperfect Competition
International Factor Movements
The Instruments of Trade Policy
The Political Economy of Trade Policy
Trade Policy in Developing Countries
Strategic Trade Policies in Advanced Countries |