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undergrad
 Economics Courses
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ECON

403

International Trade

(

3

cr )

Prerequisites: ECON 301, 302. Offered in fall and spring.

International Trade Theory: Mercantilist Theory, comparative costs, and post- Ricardian theories including economies of scale and imperfect competition. Protection Theory; Effective Protection.  Terms of trade, national income and the balance of payments.  Fluctuations in trade. Foreign exchange markets, exchange rates, and adjustment in the balance of payments.  International resource movements.
 

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