<meta http-equiv="refresh" content="0; URL=noscript.html"> METU | Course Syllabus

Course Objectives

The main objective of the course is to introduce students to classical, neoclassical and more contemporary theories of international trade. The policy implications of international trade theory also constitute a significant component of the course. It is a principal aim of this course to enable students to learn some major topics, such as: Comparative advantage; gains from international trade; the role of relative-factor endowments in shaping the patterns of trade across countries; the role of product and process innovations in international trade; theoretical and policy-related implications of economies of scale, imperfect competition, and intra-industry trade; instruments and purposes of trade policies implemented by governments; market- and welfare effects of trade policies; and arguments for and against trade policies.