Economics 442

ECON 442
International Trade Theory

1. Catalog Entry

ECON 442
International Trade Theory

Credit hours (3)
Prerequisites: ECON 205 and ECON 206

An examination of classical and modern theories of international trade, and the consequences of tariffs, quotas, customs unions and other trade policies for the domestic and international economy.

2. Detailed Description of Course

Topic Outline
    1) International Trade Theory
    2) The Ricardian Model
    3) The Heckscher-Ohlin Model
    4) Modern Neoclassical Trade Theory
    5) Alternative Models of Trade
    6) International Factor Movements
    7) International Trade Policy
    8) Basic Analysis of a Tariff
    9) Other Instruments of Trade Policy
    10)The Political Economy of Trade Policy
    11)Trade Policy in Developing Countries
    12)Trade Policy in Advanced Countries

3. Detailed Description of Conduct of Course

The following teaching strategies will be employed:

Lectures, class discussions, oral presentations, slides and filmstrips.  Out-of-class writing assignments/position papers.

4. Goals and Objectives of the Course

    1) Demonstrate a knowledge of theories of international trade and trade policy.
    2) Be able to identify the major changes that have occurred in the historical development of trade
        theory and how those changes were influenced by changes in the world economy.
    3) Demonstrate familiarity with the history of U.S. trade policy.
    4) Be able to identify and discuss current developments and controversies concerning world trade
        and policy.

5. Assessment Measures

    1) Writing Assignments 80 points
    2) Oral Presentation 10 points
    3) Attendance & Participation 10 points
    4) Test I 100 points
    5) Test II 100 points
    6) Test III 100 points
    7) Final Exam 100 points

6. Other Course Information


Review and Approval

December 2013 C. Vehorn
April 16, 2012
December 2004 N. Hashemzadeh