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INTERNATIONAL ECONOMICS (4 cr.)
This course covers theory of international trade: why nations trade, gains from trade, comparative advantage, transfer costs, international factor movements, intra-industry trade, world trade and the American economy. Also examines practice of international trade, international trade relations, tariff and non-tariff trade barriers, U.S. trade policy, international trade problems of developing nations and international payment mechanisms. Also offered in Weekend College every other year. Prerequisites: ECON 2610, 2620.