Introduction to International Trade

This course takes a rigorous, analytical view of patterns in the interaction of exporters and importers in international markets for goods, services and factors of production. It highlights the role of the terms of trade, production costs and market structure play determining the gains from trade. Policy responses including various forms of protectionist measures are also discussed. The course covers three general themes, why countries gain from trade, how someone always loses from globalization, and how frictions in international markets determine the price and quantity of trade.