Academic Catalog

ECON353 INTRODUCT.TO INTERNATIONAL ECONOMICS I

Course Code: 3110353
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 6,5
Department: Economics
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator: Prof.Dr. EROL TAYMAZ
Offered Semester: Fall and Spring Semesters.
Prerequisite: Set 1: 3110201
The course set above should be completed before taking ECON353 INTRODUCT.TO INTERNATIONAL ECONOMICS I.

Course Content

The classical theory of foreign trade and its extensions; comparative costs; factor proportions and comparative advantages; further developments and empirical verifications; factor-price equalization, income distribution and gains from trade tariff theory and trade policy.