ECON 4307

International Economics

4307 International Economics (3-0). This is a foundation course that covers international trade theories and policy. The course highlights sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints, and export subsidies. International agreements on regional trade liberalization (such as EU and NAFTA) and on multilateral trade liberalization (e.g., WTO) will also be discussed. Topics on international finance include balance of payments and determination of foreign exchange rates.

Units: 3.0