ECON 310-01, International Trade and Policy, Fall 2012

Abstract

In International Economics you will learn about the application of economic principles in the analysis and interpretation of economic interdependence among nations. Specifically, we will cover the theoretical models of international trade, before moving to specific models of the impact of trade on income distribution and the resulting trade policy (tariffs, export subsidies, quotas). Furthermore, we will analyze factor movements, foreign direct investment and migration, and the resulting welfare and policy implications. Finally, we will consider the implications of trade for economic growth and development. The readings for each section are outlined below. A detailed outline of the material to be discussed will be giver prior to each lecture to aid in your preparation. Readings from The Wall Street Journal and The Economist will be a regular part of the course. We will discuss current events related to international economics. Furthermore, you will have assignments to locate and analyze related articles.