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AREC 685

Trade and Globalization in Food and Resources

3 units

Fall 2025

Topics

  • Apply Ricardian, Heckscher–Ohlin, and new-trade ideas to agriculture using diagrams/algebra to show patterns and gains from trade
  • Analyze tariffs, quotas/TRQs, subsidies, anti-dumping, SPS/TBT, and domestic supports; quantify incidence, effective protection, and welfare
  • Explain how WTO rules and regional agreements shape agriculture; distinguish trade creation vs. diversion and connect to sector outcomes
  • Assess market structure and strategic behavior—scale economies, price discrimination/dumping, commodity agreements—and appropriate policy responses
  • Evaluate trade’s links to FDI, global value chains, development, and environmental outcomes; propose evidence-based, sustainable policy

Readings

  • Revision, Part 2 Note: K and K = Koo, Won W., & Kennedy, P. Lynn
    unspecified
  • Koo, Won W., & Kennedy, P. Lynn. (2005). International Trade and Agriculture. Malden, MA: Blackwell Publishing
    unspecified
  • van Kooten, G. Cornelis. (2021). Applied Welfare Economics, Trade, and Agricultural Policy Analysis: University of Toronto Press. The library provides online access to both texts. (Note: Supplementary readings will be distributed across the semester.)
    unspecified
Sources