Credit Weight: 0.5 Prerequisite(s): Economics 2017 and 2037 Description: Ricardian and Heckscher-Ohlin models of international trade. The factor-price equalization theorem. Application of the Heckscher-Ohlin model: the Stolper-Samuelson and the Rybczynski theorems. Tariffs, trade controls and trade liberalization. Offering: 3-0; or 3-0
Credit Weight: 0.5 Prerequisite(s): Economics 2017 and 2037 Description: Ricardian and Heckscher-Ohlin models of international trade. The factor-price equalization theorem. Application of the Heckscher-Ohlin model: the Stolper-Samuelson and the Rybczynski theorems. Tariffs, trade controls and trade liberalization. Offering: 3-0; or 3-0