Topics include explanations of the patterns of trade and the gains from trade; the analytics of the instruments of trade policy under different market structures; the generalised theory of distortions in open economies; the political economy of trade policy; the economics of preferential trade agreements; and the role of the World Trade Organisation. -- Course Website
Prerequisites: Subject Study Period Commencement: Credit Points: ECON90002 Microeconomics Semester 1 12.50 or Subject Study Period Commencement: Credit Points: ECON40001 Advanced Microeconomics Semester 1 12.50