Pre-requisite Courses and Assumed Knowledge and Capabilities
Prices and Markets or equivalent
Course Description
International Trade is a final year course that covers the economic theory of free trade and of intervention in the trade process. It is designed as an applied course that aims to help students integrate their knowledge of economic analysis with the fundamental determinants of the size and pattern of the gains from international trade. Students will learn to think systematically about the case for and against interfering with the free flow of goods and services between countries. The effect that international trade has on economic welfare, economic growth and income distribution are also considered.
It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.
Teaching Schedule
The topics below correspond to your prescribed textbook.
The numbers given next to each lecture topic name correspond to the page number in the prescribed textbook.
The TEXTBOOK is:
International Trade by John McLaren (2012). Published by Wiley (Hard and Electronic copies available).
Part I. Engines of Globalization
Lecture 1. A Second Wave of Globalization. Textbook page number: 1.
Lecture 2. Should Nigeria Strive for Self-Sufficiency in Food? Textbook page number:
13.
Lecture 3. Why Do Americans Get Their Impalas from Canada? Textbook page number:
30.
Lecture 4. Trade and Large Corporations: Kodak versus Fuji. Textbook page number:
48.
Part II. Politics and Policy in the World Economy
Lecture 5. Why Did the North Want a Tariff, and Why Did the South Call It an
Abomination? Textbook page number: 64.
Lecture 6. Is Free Trade a Rip-off for American Workers? Textbook page number: 86.
Lecture 7. Why Doesn’t Our Government Want Us to Import Sugar? Textbook page number: 108.
Lecture 8. Who Are the WTO, and What Do They Have