Department of Economics

Econ 4434 - International Trade

Course Objectives and Assessment

Objective 1: Trade Theory - Understand traditional and modern economic models of international trade.

Outcome:

  1. Students will understand and be able to explain international trade patterns of goods, services, and factors using economic models such as comparative advantage, factor endowment, and new models based on increasing returns.

Assessment:

  1. Exercises, tests, and exams in the format of graph questions, numerical calculations, and essay questions, requiring students to explain, apply, and extend the models learned in class.

Objective 2: Trade Policy - Understand and evaluate international trade policy.

Outcome:

  1. Students will demonstrate knowledge of trade policy instruments, trade laws, and national and international institutions central to trade.
  2. Students will be able to use cost-benefit analysis to analyze and evaluate international trade policy.
  3. Students will understand the different levels of economic integration among countries and the political economy of trade policies and trade conflicts.

Assessment:

  1. Exercises, tests, and exams in the format of graph questions, numerical calculations, and essay questions, requiring students to explain, apply, and extend the models learned in class.

Objective 3: Trade Strategy - Learn how countries and business employ strategic trade policies to compete against each other.

Outcome:

  1. Students will be able to formulate and evaluate strategic trade policy from the perspective of governments and business.

Assessment:

  1. Case study write-up is used to evaluate student's ability to apply theory to real world situations from the perspective of business and government officials.

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