Agricultural, Environmental, and Developmental Economics 4540: International Commerce and the World Economy
Class DescriptionÂ
The key objective of this class is to understand the interaction between the world economy and international commerce. This involves understanding the causes and effects of international trade in goods and services, and how trade policies and trade liberalization through the World Trade Organization (WTO) and regional free trade agreements such as theNorth American Free Trade Agreement (NAFTA) can affect international economic integration.
Class Reflection
Lately, trade has been a hot news topic and I’ve found myself scratching my head about the economics behind it all. With my interest in international trade policy, this course quickly became one of my favorites. I learned how comparative advantage dictates trade patterns among nations and how tariffs, subsidies, voluntary export restraints, and other policy mechanisms impact world and domestic prices. After completing this course, I’ll be able to better understand current events, especially those pertaining to trade.