Terpentine

International Economics – Course Synopsis

Subject Matter:

|1 |How Trade Shaped the World |
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|2 | A Review of Microeconomics: Market Mechanisms, the Invisible Hand, Market Failure and Policy Interventions |
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|3 |Mercantilism, the Rise of the West, the Enlightenment Economy and Pax Britannica – Smith and Hume |
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|4 |Ricardo, Comparative Advantage and the Classical Economists |
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|5 |Heckscher Ohlin Vanek Factor Proportions Theory and Leontieff’s Paradox |
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|6 |Who Gains from Trade? Mutual Benefit or Conflicts between Nations and Conflicts within Nations |
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|7 |Increasing Returns to Scale: Is the New International Economics New? Is it Important? |
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|8 |The Role of Technology and Innovation in Trade