Academic Bulletin 2020-2021 
    
    Dec 05, 2021  
Academic Bulletin 2020-2021 [ARCHIVED CATALOG]

ECON 452 - Theory of Trade


Credits: 4
An exploration of the macroeconomics of an open economy. Topics include the balance-of-payments, exchange rate markets, and external borrowing for developing countries. The production and consumption possibilities of trading partners are analyzed in a general equilibrium framework. The roles of tariffs, trade quotas, and pegged exchange rates as appropriate policies for the achievement of domestic and international economic goals, as well as means of international economic cooperation, are discussed.

Prerequisite: ECON 200  and ECON 201 , or permission of the instructor.

Distribution Requirements: IP, QR.