10397 International Economics 1

Credits: 3 advanced credits in Economics

Prerequisites: 36 credits, including Introduction to Microeconomics, Price Theory I, Price Theory II, Price Theory III. Students must also fulfill all English requirements and take bibliographic instruction in the Library.

Authors: Jimmy Weinblatt, Gerard Amiash

The course focuses on the system of trade relations between countries and is intended to provide the student with a theoretical understanding of the economic forces which determine volume, direction and other trade characteristics. It surveys the principles of economic theory which explain trade patterns, and addresses various approaches found in the economic literature. The motives and consequences of nations’ trade policy are also discussed.

Topics: The Ricardian model; The general equilibrium model; The Heckscher-Ohlin model; Alternative approaches; Trade policy.

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1Students may write a seminar paper in this course, although it is not required.