Applications of basic trade theory to real-world economic problems. Neoclassical trade theory of pattern of trade and gains from trade, labour migration and capital mobility, market distortions and commercial policies, dynamic trade theory and economic growth. Application of recent theoretical analysis on macroeconomic fluctuations and growth within an open economy context.
Intended Learning Outcomes
CILO-1: Identify the effects of international trade on national economies.
CILO-2: Discuss the impact of government policies on exchange rates and international trade.
CILO-3: Evaluate key points and issues in the international trade and finance in the real world.
CILO-4: Analyze international trade and finance issues and interpret the results.