ECO 535LEC - International Economics

This course is an introductory course to the theory and policy of international economics. It covers extensively the real-side trade of the world economy and leaves the monetary side to other specialized courses such as international finance and open-economy macroeconomics. Topics to be covered include: the theories of comparative advantage (both classical and modern), the new theories of trade with scale economies and imperfect competition, the uses of various policy instruments (tariffs, quotas, voluntary trade restraints, and other trade distortions), the issues of unfair trade practices (dumping and subsidies), the use of strategic trade policy, the formation of free trade areas, the effects of regional economic integration, and the recent issues on globalization.

Credits: 3

Requisites: Prerequisite: ECO 505