This course analyses the standard models of international trade theory and examines their real-world applications by decision makers. The models presented include the Ricardian, specific-factors, Heckscher-Ohlin, increasing-returns-to-scale, monopolistic competition, and heterogeneous firms models. In addition, the course introduces key concepts of modern international trade, including the analysis of tariffs and quotas, and the rationale for protectionism and multinational cooperation.
Distribution Area
Students entering prior to Fall 2024: Social Sciences (SO DIST)