(3 credits – TG) 3 hours lecture
This course examines international trade theory, policy and applications. Topics include a brief history of trade, absolute and comparative advantage basis for trade, the Heckscher-Ohlin theory, trade with economies of scale, tariffs, non-tariff trade barriers, political economy of non-tariff barriers, strategic trade policies, trade agreements, role of the World Trade Organization (WTO) and developing economies’ trade policies. The course emphasizes current applications, policy development, as well as the institutional framework underlying the interaction between nations.
Prerequisites: Economics 1101 and 1103.