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Apr 19, 2024
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ECON 324 - International Trade4 credits
A study of international trade theory, including the classical works (Richardian, Hecksher-Ohlin, specific factors model, factor-price equalization, and growth models) along with a consideration of trade restrictions, i.e., tariffs and quotas. Explores contemporary patterns of trade encompassing such issues as increasing returns, imperfect competition, technology transfer, market structures, industrial policies, and international factor movements. Analyzes these issues from the perspective of a large versus a small economy and from a developed versus a developing economy. Prerequisite: ECON 301 and ECON 302 . Offered alternate years.
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