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Jun 07, 2025
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DRAFT Academic Bulletin 2025-2026
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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.
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