EC 346 INTERNATIONAL TRADE
(Prerequisites:
EC 103, EC 104, EC 235 and EC 236, or the permission of the instructor;
prerequisites may be waived for international affairs majors and minors by
permission of instructor).
COURSE
DESCRIPTION
This course provides
students with an appreciation of the role and importance of international
economic relations in the modern world. Topics include: trade movements,
theories of international trade, protectionism, the role of international organizations
such as the WTO, and an introduction to balance of payments accounting. Students should be able to: define
the essentials of trade theories (productivity differences, factor endowments
and factor proportions, product differentiation and monopolistic competition,
oligopoly, and agglomeration based on external economies), use these concepts
and tools to examine issues of sectoral changes,
trade, innovation, and growth, describe the working of and political economy
behind tariff and nontariff barriers as well as government policies pushing
exports, explain how trade theory and policy relate to international resource
movements, discuss the global trading system, its institutions, and the issue
of regionalization through regional trade agreements, and comprehend the
concept of the balance of payments.
TEXT: Pugel, T. 2012. International Economics, 15th
ed.,
Class meets T, Th, 3:40 – 5, HH 201
Enrolled students can access all course materials through the course web site on Blackboard https://learn.skidmore.edu/webapps/login/