INTERNATIONAL TRADE (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Explain the principal and supporting theories in international trade; Analyze theoretical models of international trade in analysing real-world trade problems through qualitative and quantitative analysis; Analyze theoretical models of international trade in implementing trade policies through qualitative and quantitative analysis.

Topics:

1. Introduction : What is international economics about?;
2. World Trade: An Overview;
3. World Trade: What Do We Trade?;
4. Labor Productivity and Comparative Advantage;
5. Labor Productivity and Comparative Advantage: Gains from Trade;
6. Firms in the Global Economy: Export Decisions, Outsourcing, & MNE-1;
7. Firms in the Global Economy: Export Decisions, Outsourcing, & MNE-2;
8. The Instruments of Trade Policy-1;
9. The Instruments of Trade Policy-2;
10. Trade Policy in Developing Countries-1;
11. Trade Policy in Developing Countries-2;
12. Controversies in Trade Policy-1;
13. Controversies in Trade Policy-2.