Lecture and Seminar.
- International Trade Theory
- The Theory of Comparative Advantage
- Intra-Industry Trade Theory
- The Heckscher-Ohlin Model
- Tests of Trade Models
- Trade Practices and Barriers to Trade
- Motives for Protection
- Tariffs and Trade Theory
- Nontariff Barriers to Trade
- Multilateral Trade Agreements
- History of GATT and the WTO
- Current Issues before the WTO
- Preferential Trade Arrangements, eg
- The European Union
- Trans Pacific Free Trade
- The Growing Importance of the Emerging Economies in the World Economy
At the end of the course, the student will be able to:
- Utilize trade theory to explain why nations trade and the various factors that determine the amount and terms of trade
- Analyze the role of national governments in controlling, limiting and encouraging international trade
- Evaluate the implications of major trade agreements such as the General Agreement on Trade and Tariffs (GATT), North America Free Trade Agreement (NAFTA), the European Union and other regional trade agreements
- Analyze current issues before the World Trade Organization and debate the continued movement toward free trade in the global economy
- Determine the effect of the growing importance of the emerging economies in the world economy
|Term Tests (minimum of one)||30% - 50%|
|Assignments (minimum of two)||10% - 30%|
|Essay/Research Project||0% - 30%|
|Participation||0% - 10%|
|Final Examination||30% - 40%|
The text is to be chosen from the following, or as approved by the Economics department:
Gerber, J. International Economics, Latest Ed. Addison Wesley Pearson.
Husted, S., et al. International Economics, Latest Ed. Addison Wesley Pearson.
Krugman, P., et al. International Trade: Theory and Policy, Latest Ed. Addison Wesley Pearson.