ECON 421 - International Trade

★ 3 (fi 6) (either term, 3-0-0) Nature and relevance of international trade; early trade doctrines; the theory of comparative advantage, classical and modern approaches and empirical evidence for them; new approaches to the pure theory of international trade; economic growth and international trade; market imperfections and trade; commercial policy; economic integration and the gains from trade. Prerequisites: ECON 109, ECON 281 and MATH 154 or equivalent.