Course Code : 2952321
Course Credit : 3(3-0-6)
ECON INTER TRAD
(Prerequisite: 2952301 MICRO THEO I)
Course Description :
International trade policy theories; international trade theories from classical schools to modern theories; departure of trade policies from the free trade conditionally embedded in all trade theories; optimal tariff policies of a large economy; quota restrictions and tariff quota restrictions; theories of subsidies; theories of effective rate of protection and domestic resource costs; other types of indices on comparative cost advantage and principles of bilateral trade agreements; types of regional trade agreements and results of multilateral trade negotiations.
Instructor :
Asst. Prof. Dr. Andrea Podhorsky
What to expect?
We will acquire an understanding of ;
• the changing pattern of world trade
• the key models economists use to explain why countries trade
• the impact of trade on wages and the income distribution
• the effects of economic growth on trade
• the policy instruments used to manage trade
• the impact of market structure on trade
We will debate;
• the controversies in trade policy
• the empirical evidence supporting the various models of trade
We will explore special topics that include;
• Fairtrade
• trade and the environment
• the international trading system and its future