INTERNATIONAL TRADE (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: LO1 – Employ the international trade theories and policies calculation; LO2 – Use the international trade theories and policies in the case study; LO3 – Analyze causes, benefits, consequences, and recent international trade issues.

Topics:

1. External Economies of Scale and International Trade;
2. The Standard Trade Model;
3. Firms’ Response to Trade;
4. The Heckscher-ohlin model;
5. The Specific Factors Model;
6. The Gravity Model;
7. The Ricardian Model;
8. The Instruments of Trade Policy;
9. The Political Economy of Trade Policy;
10. Introduction of World Trade;
11. Controversies in Trade Policy;
12. Internal Economies of Scale and International Trade;
13. Trade Policy in Developing Countries.