Econ of Intl Trade Pol/Agmts

3 Credits · Level: Graduate, Undergraduate

What are the causes and consequences of unilateral trade policies and trade agreements? We will learn about fundamental economic impacts of trade policy instruments, such as how tariffs affected U.S. prices and trade in the 2018 war. We will examine why countries pursue trade agreements; whether they achieve a core objective---to promote trade via lower and predictable barriers---and the impacts of disagreements such as Brexit. We will also discuss the role of trade policy in deep integration agreements that include cooperation clauses on broader issues such as immigration, technology, the environment.