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Academic Year 2005/2006


International Trade
ECON 271 FA

Is trade beneficial to a country? Why do countries export certain goods and import certain other goods? Why do countries sometimes import and export the same goods? What is the relationship between trade and income distribution? If free trade is good, why do countries keep using protectionist policies? These are some of the questions that we will explore in this course. For that purpose we will rely heavily on the microeconomic analysis of a series of trade models. Starting with the traditional Ricardian, specific factors, and Heckscher-Ohlin models, we then examine what happens when we relax some assumptions, for example by allowing for scale economies or externalities. After making a more or less strong case for free trade we then turn to the question of why countries use protectionist trade policies. After taking this course the student will gain an appreciation of why the free-trade vs. protectionism debate is so very much alive today, as it was 200 years ago.

MAJOR READINGS

TBA

EXAMINATIONS AND ASSIGNMENTS

TBA

ADDITIONAL REQUIREMENTS and/or COMMENTS

Students who complete ECON 271 cannot receive credit towards the ECON or MECO major for ECON 371, or vice versa depending on your needs for major credit.

COURSE FORMAT: Lecture

REGISTRATION INFORMATION

Level: UGRD    Credit: 1    Gen Ed Area Dept: SBS ECON    Grading Mode: Student Option   

Prerequisites: ECON101 OR ECON110

SECTION 01

Instructor(s): Rodríguez,Francisco Rafael   
Times: ..T.R.. 09:00AM-10:20AM;     Location: PAC107;
Reserved Seats:    (Total Limit: 35)
SR. major: 6   Jr. major: 9
SR. non-major: 1   Jr. non-major: 2   SO: 17   FR: X

Special Attributes:
Curricular Renewal:    Quantitative Reasoning
Links to Web Resources For This Course.

Last Updated on MAR-30-2006


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