The course examines the microeconomics of international trade. First we examine the gains from trade, the determinants of patterns of international trade and the effects of trade on income distribution, all in low-dimensional models. We will also have some discussion of extensions to higher dimensions. We then turn to policy and analyse a number of arguments, both traditional and more recent, for active trade and industrial policies. Time permitting, we will also analyse preferential trading areas and the political economy of trade policy.
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Requisite and Incompatibility
You will need to contact the Research School of Economics to request a permission code to enrol in this course.
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