An introduction to the pure theory of international trade. Topics include: the causes of trade and the gains from trade; factor-proportions theory; imperfect competition and returns to scale as determinants of the pattern of trade; protectionism.
Prerequisite: Either ECON 290 (Grade of C- or better), or BUEC 204 (Grade of C+ or better)
Note: students who have taken BUEC 204 will be required to read some background material on the theory of consumer choice.