EC 239

An introductory course in international trade theory and policy. Partial and general equilibrium analysis is used to discuss the direction of and gains from trade, and the effects of distortions like tariffs and quotas. The second part of the course includes a discussion of trade policy issues such as the formation of free trade areas and customs unions, and the operation of the world trading system under the World Trade Organization (formerly GATT). <br> <br><font color="crimson">