International Trade

3 credits · Graduate

This course examines the theory and empirics of international trade. It covers the classical Ricardian theory of comparative advantage, the neoclassical factor proportions theory, and the new trade theories that incorporate increasing returns and productivity differences, and discusses empirical testing of these theories. The course investigates the use of trade policy in industrial and developing countries, as well as the institutions that have been developed to regulate those policies. FORMATS: Lecture