International Trade: Theory and Policy in times of trade war

(3 Credit Hours) · Undergraduate

This course provides analytical tools to develop critical thinking on international trade events and on the major crisis that the international trading system is facing: the possible demise of the WTO, rise of bilateral trade tensions, notably but not only between the US and China, and growing protest at the national level against the effects of trade on inequalities, social standards, climate and the environment. This course aims to give students a better understanding of international trade theory (standard trade theories and comparative advantages, globalization and inequality, economies of scale and imperfect competition, global value chains, WTO/GATT, tariffs and quotas, etc.) as well as concrete policy insights on trade negotiations in order to better apprehend what determines trade, what its effects are, and what is driving the current crisis.