316-404 International Trade

Students may not gain credit for both 316-404 International Trade and 316-669 International Trade.

316-301 International Trade Policy and 316-313 Microeconomics.

Topics include explanations of the patterns of trade and the gains from trade; the analytics of the instruments of trade policy under different market structures; the generalised theory of distortions in open economies; the political economy of trade policy; the economics of preferential trade agreements; and the role of the World Trade Organization.

• High level of development: written communication; application of theory to practice; critical thinking; receptiveness to alternative ideas.

• Moderate level of development: interpretation and analysis.

• Some level of development: oral communication; problem solving.

A 2-hour end-of-semester examination (70%) and class assignments totalling not more than 2000 words (30%).

• J Markusen, W Melvin, W Kaempfer and K Maskus, International Trade: Theory and Evidence. McGraw-Hill, 1995.