International Agribusiness Trade Analysis

Catalog description

Credits 3. 3 Lecture Hours. Traditional trade theory encompassing the concepts of comparative advantage, the Hecksher-Olin-Samuelson model, the gain from specialization and trade, partial equilibrium analysis of free trade, violation of the free trade model, welfare effects of trade, trade creation and diversion, introduction to growth and development theories, the relationship between trade and development and related concepts. Prerequisites: ECON 607 and MATH 142 .