A course combining a theoretical treatment of the basis for international trade, focused on comparative advantage, reciprocal demand, factor endowments, and other trade theories, with an examination of the economic effect of various trade policies including tariff and non-tariff trade barriers. The integration of economies through trade and the international movement of factors of production are also discussed. Applications of theoretical models for analyzing current affairs are discussed throughout.

CILO-1: Analyze and evaluate the economic impact of various trade policies, including both tariff and non-tariff barriers, on international trade and the global economy. CILO-2: Apply theoretical models of international trade, including comparative advantage, factor endowments, and reciprocal demand, to analyze current economic affairs. CILO-3: Explain the process of economic integration and the movement of factors of production across borders. CILO-4: Evaluate debates among international trade theorists and economists about fundamental issues in theory and research methodologies.