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ECON 445

International Trade
Name: International Trade
Course Number: ECON 445
Credit(s): 3

Course Description

ECON 445 International Trade offers students a theoretical examination of international trade, grounded in scientific evidence. The course delves into key economic theories related to international trade and trade policy. Students will become acquainted with fundamental concepts like comparative advantage and supply and demand. Additionally, they will explore models illustrating how technological disparities, variations in resource endowments, and economies of scale shape trade patterns and income distribution.

Learning Outcomes:

  • Skillfully examine and discuss the assumptions and framework of conventional models in international trade theory.
  • Apply standard international trade models to interpret real-world problems and challenges in international economics.
  • Competently assess how institutions and policies impact international trade dynamics.
  • Comprehend the correlation between international trade volume and global output, identifying overarching trade patterns.

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