ECON 458
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International Trade Theory and Applications
Economics
College of Family, Home, and Social Sciences
Course Description
Microeconomic analysis of why nations trade, who wins and loses from trade, and the costs and benefits of various trade policies.
When Taught
Contact Department
Min
3
Fixed/Max
3
Fixed
3
Fixed
0
Recommended
ECON 382
Title
Gains from Trade
Learning Outcome
Use economic modeling to explain why all kinds of nations--rich and poor, large and small--gain from international trade.
Title
Comparative Advantage
Learning Outcome
Explain comparative advantage, its sources, and how it creates gains from trade.
Title
Other Sources of Gains from Trade
Learning Outcome
Explain how economies of scale and the reduction of market power can also generate gains from trade.
Title
Losses from Trade
Learning Outcome
Identify who might lose from trade even when nations as a whole gain from trade.
Title
International Migration and Capital Flows
Learning Outcome
Use economic modeling to explain what drives human migration and international capital flows and analyze their benefits and costs.
Title
Trade Policies
Learning Outcome
Analyze how trade policies affect national welfare and how such policies help some while hurting others.
Title
Trade Politics
Learning Outcome
Use models of trade to analyze how political forces shape trade policies.
