International Trade

ECO 2014

This course discusses the fundamental problems related to international trade, starting with the principle of absolute and comparative advantage, and examines the exchange of both consumer goods and factors of production such as labor and capital. Further topics include factor-endowment theory, the Heckscher-Ohlin model of international trade, tariff and non-tariff barriers to trade, protectionism, the role of foreign direct investment and the multinational enterprise, trade policy, and globalization.