ECON6550

This course presents an in-depth treatment of trade theory and policy and relevant controversies. The course addresses the determinants of trade patterns: we study classical and neoclassical trade theory models, as well as their limitations; examine trade policies (tariffs, quotas, subsidies, etc.) and their uses; and set current trade and trade policy within a historical context. Additionally, as class interest and time permits, we will examine other trade-related issues of our highly globalized world, including the rise and current dominance of multi-national firms; economic growth and development as it relates to international trade; global, regional, and bilateral trade agreements and institutions; international factor movements (technology and labor); and the trade-related difficulties of formalizing international environmental policy. Graduate students should register for ECON 6550 and will be held to higher standards and/or additional work.