Spring 2011 not offered
|Certificates: International Relations
Is trade beneficial to a country? Why do countries export certain goods and import certain other goods? Why do countries sometimes import and export the same goods? What is the relationship between trade and income distribution? If free trade is good, why do countries keep using protectionist policies? These are some of the questions that we will explore in this course. For that purpose we will rely heavily on the microeconomic analysis of a series of trade models. Starting with the traditional Ricardian specific factors, and Heckscher-Ohlin models, we then examine what happens when we relax some assumptions, for example, by allowing for scale economies or externalities. After making a more-or-less strong case for free trade, we then turn to the question of why countries use protectionist trade policies. After taking this course the student will gain an appreciation of why the free-trade-vs.-protectionism debate is so very much alive today, as it was 200 years ago.
|Gen Ed Area Dept:
|Course Format: Lecture
|Grading Mode: Student Option
|Prerequisites: ECON101 OR ECON110
|Fulfills a Major Requirement for: (ECON)
Krugman and Obstfeld, INTERNATIONAL ECONOMICS
|Examinations and Assignments:
Problem sets, research project, midterm and final examinations.
|Additional Requirements and/or Comments:
Students who complete ECON 271 cannot receive credit towards the econ or MECO major for ECON 371, or vice versa depending on your needs for major credit.
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