Course Outline

List the topics covered within each week.

Week

Topic(s)

1

Introduction

2

Classical theory of absolute and comparative advantage.

3

Labor Productivity and Comparative Advantage: The Ricardian Model

4

Neoclassical theory of comparative advantage

5

Heckscher-Ohlin Trade Theory

6

Factor Price Equalization

7

Midterm

8

New Approaches to Trade Theory

9

The Theory of Protection: Tariffs and Other Barriers to Trade

10

The Instruments of Trade Policy

11

The Political Economy of Trade Policy

12

Trade Policy in Developing Countries

13

Controversies in Trade Policy

14

International Mobility of Labor and Capital Midterm