Theory and policy of international economic exchange. Covers comparative advantage (Ricardo, Heckscher-Ohlin), gains from trade, trade policy instruments (tariffs, quotas, subsidies), exchange rate determination, balance of payments, globalization dynamics, trade agreements, and the political econom
Theory and policy of international economic exchange. Covers comparative advantage (Ricardo, Heckscher-Ohlin), gains from trade, trade policy instruments (tariffs, quotas, subsidies), exchange rate determination, balance of payments, globalization dynamics, trade agreements, and the political economy of protectionism. Use when analyzing why countries trade, who wins and loses from trade, how excha