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Economics 442

ECON 442: International Trade Theory

Prerequisite: Economics 105 and ECON 106

Credit Hours: (3)

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.


Detailed Description of Content of the 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


Detailed Description of Conduct of the Course

The following teaching strategies will be employed:

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


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.


Assessment Measures

  • Writing Assignments 80 Points
  • Oral Presentation 10 Points
  • Attendance & Participation 10 Points
  • Test I 100 Points
  • Test II 100 Points
  • Test III 100 Points
  • Final Exam 100 Points


Other Course Information


Review and Approval

Date Action Reviewed by
December 2004 Made alterations to syllabus N. Hashemzadeh, Chair
April 16, 2012 Revised