GLIB 4194 - International Trade: Theory and Policy

Credits: 3

This course is to introduce the main concepts relating to the international trading system and its institutions, and to review both traditional perspectives and important recent developments in international trade theory. Emphasis is placed on using theory to interpret observed trade patterns and to analyze the motivations behind existing trade policies and institutions. In particular, the welfare gains from trade, what accounts for observed patterns of trade, and who are the winners and losers from various trade policies. Special attention is also given to protectionist trade policies and the political economy of protection, as well as the merits and drawbacks of bilateral trade negotiations.

Prerequisite(s): MGNT 3165, MKTG 3175
Equivalent
CILS 4194