This course will introduce the main concepts of international trade and provides essential tools for understanding and evaluating current trade policies and related economic events. Several models of international trade will be presented to explore the incentives for trade as well as explain the patterns, gains, and welfare effects of trade. The course will also address the role of government, specifically examining various trade barriers in addition to the arguments for and against protectionism Moreover, students will be exposed to recent trade expansion and economic integration efforts through research projects on the major trading blocks and the WTO.
Prerequisite: Econ 100
Grades determined by two in-class examinations, a comprehensive final examination, and a team project.