This course is to familiarize students with the basic theories and fundamental concepts used by economists/policy makers working in the field of international economics. It enables students to understand the nature, rationales, applications, implications and welfare distributions of different trade and commercial policies. The topics covered in this course are foundations of modern trade theory, international equilibrium, trade model extensions and applications, economic growth and international trade, tariffs and non-tariff Barriers, trade regulations and industrial policies, trade policies for developing country, regional trading arrangements, international factor movements and multinational Enterprise.

CILO-1: Students should have a good understanding on basic trade theories, trade gains and their distribution and the effect of economic growth on trade. They should have a thoughtful understanding the rationales and consequences of protectionism, the trade policies for developing countries and the effects of preferential trade agreements.