BA 787 - Global Economics

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An overview of the theory of international trade and finance. Topics covered will include the pure theories of trade (Ricardian, Heckscher-Ohlin, and others), the basis and effects of barriers to trade, industrial policy, U.S. trade policy, free trade zones such as NAFTA or the EU, and the role of international institutions such as the International Monetary Fund and the World Trade Organization. Balance of Payments and Exchange Rates. We will consider the effects of international trade on economic growth and income distribution as well as the ongoing debate over free trade.