ECON 441 - International Trade Theory
Section: 001
Term: FA 2017
Subject: Economics (ECON)
Department: LSA Economics
Waitlist Capacity:
Enforced Prerequisites:
ECON 401 with a grade of at least C-; or Graduate standing.
May not be repeated for credit.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:

This course is an introduction to the study of international trade. International trade is central to understanding the growth and evolution of the international economy, from the “first globalization” of the nineteenth century to the “second globalization” that we continue to experience today. In this course we will seek to understand the causes and consequences of these monumental changes in the world economy through a study of the fundamental economic determinants of the pattern of trade among nations.

We begin by examining the classical theories of trade due to differences in productivity or factor endowments, along the way discussing the role of distance and geography. We examine how these theories can help us understand the first globalization in the nineteenth century. We then extend our inquiry to the role of firms and imperfect competition in trade, including multinational enterprises and international supply chains, which are crucial elements of the second globalization. The final part of the course examines the theory and empirics of trade policy, paying close attention to the thorny question of how trade and trade policy affect the development process of poor countries.

Course Requirements:

ECON 401 or the equivalent. We will make heavy use of the theory and tools developed in that course. Some statistical knowledge would be helpful, but is not required.

Grading will be based mainly on exams and short papers, with small contributions from homework and in-class participation. Regular attendance is mandatory.

Intended Audience:

No data submitted

Class Format:

Some lecture, some discussion.

ECON 441 - International Trade Theory
Schedule Listing
001 (LEC)
TuTh 8:30AM - 10:00AM
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