ECON 425
This course deals with the theory of international trade. It explores theories that offer explanations for why countries trade, what determines the pattern of trade, and the normative and positive effects of trade. These theories include the theory of comparative advantage, the factor-proportions theory of trade, imperfect competition as a determinant of trade, and other recent theoretical developments. The course also examines empirical studies of trade theories, trade barriers and trade policy, and trade and economic development.
Prerequisites:
ECON 310