International trade policy
Professor Richard Snape
Two 1.5 hour lectures per week * Second semester * Clayton * Prerequisites: ECO3690 and ECO4650 or equivalents
Objectives On completion of this subject students should be able to analyse the effects of international trade on real income and its distribution in various market structures, and the effects of trade and industry policies on international trade and real income.
Synopsis The gains and costs of trading internationally; optimum policies in the presence of market imperfections; the differing effects of various trade instruments (eg tariffs, quotas, export restraints); the implications of monopoly and oligopoly for trade policy including strategic industry policy; the interactions of trade policy and environmental policy; regional trade agreements; the General Agreement on Tariffs and Trade.
Assessment Examination (3 hours): 100%
Prescribed texts
Corden W M Trade policy and economic welfare OUP, 1974
Vousden N The economics of trade protection CUP, 1990