ECON 452: International Trade Theory and Policy

Economics Texas A & M University-College Station 3.0 credits

Course Description

Credits 3.
3 Lecture Hours.Basis for trade; theory of comparative advantage; determination of product and factor prices; gains from international trade; commercial policy and its implications for income distribution; concept of effective protection; market distortions, policy generated distortions and the arguments for tariffs.Prerequisite:ECON 323with a grade of C or better; also taught at Galveston campus.

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