23 May 2014
This is an introductory course in the theory of comparative advantage, trade, and income distribution. Topics include the welfare analysis of trade; trade under imperfect competition; strategic trade policy; labor markets and migration, preferential agreements, and the world trading system; the balance of payments; international monetary standards; government exchange rate policies; international capital movements; war and inflation; and the role of the International Monetary Fund and the World Trade Organization. The course will focus on applying economic theory to major policy questions including EU integration, and the special problems of small states (including post-Soviet states) in the international economy.
EUR 274: Course tuition (6 credits)