International Trade Theory
Overview: This course will examine causes and consequences of international trade. We will use both the core and new models of international trade as a tool to understand why and how countries trade, what they trade, and who gains from trade. Moreover, we will investigate trade policies and restrictions. The effects of tariffs, quotas, subsidies, and international agreements will be discussed.
Course Prerequisites: ECO 3101 Intermediate Microeconomics. You are required to know and be able to use the microeconomic tools that you learned in your intermediate microeconomics class. You must also know basic algebra and calculus.
Textbook: International Trade, 2nd edition, by Feenstra and Taylor. Office Hours: TR-2:30-3:15 or by appointment.
There is no alternative tool or solution to improve your final grade. Please do not ask for an extra credit assignment to improve your grade at any time during the semester.
Assignments: There are 4 assignments. Each assignment grade is 5% of your final grade. You can work as groups, but assignments should be done individually.
Midterms: There are 3 midterms. Each midterm is 20% of your final grade. Final Exam: The final exam is cumulative and is 30% of your fmal grade
Presentation: The presentation topic is either an "Application" or a "Ireadline from the textbook. Ou must discuss the topic with the instructor and get approval in advance. The presentation should be done right after the related chapter or section is covered in class and before the instructor begins a new chapter or section. Please discuss the topic and timing of the presentation with our instructor in advance. The presentation is optional and can be done at most once AS TIME ALLOWS. I suggest you not to wait until the end of the semester to do a presentation in order to avoid crowding. If time does not allow, you may not get the opportunity to do a presentation.
You are encouraged to attend all classes. Your attendance, involvement in in-class discussions, and effort may return to you as a bonus grade.