International Trade Theory and Policy

International trade is a central component of every industrialised nation’s economic activity, bringing gains to producers from more efficient resource and access to larger markets while benefitting consumers through increased choice of products at lower prices.

This class seeks to provide an understanding of the economic mechanisms that bring about these gains from trade. It further offers an insight into the motives underlying trade restrictions imposed by countries on goods produced by other nations and an examination of the institutional frameworks that have evolved to deliver a more liberal trading regime.