This course examines the principles, theories, and policies governing international economics, with emphasis on their application to trade and development. It covers international trade theory and policy, factor endowments, trade patterns, economic growth effects on trade, and international trade policies, including tariffs, quotas, and non-tariff barriers. Central topics include the reasons for trade, the determination of trade patterns, the role of comparative advantage, and the welfare implications of free trade versus protectionism.
The course equips students with analytical tools to evaluate how international trade influences economic growth, income distribution, and development outcomes. It explores the challenges and opportunities arising from globalization, trade among similar and dissimilar economies, and economic interdependence. Through case analyses and applied exercises, students develop skills to analyze trade data, assess policy instruments, and provide evidence-based recommendations.