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  1. This section contains the lecture slides used in the course.

  2. 18 Φεβ 2015 · The Political Economy of Trade Policy. This document summarizes the key topics in international trade policy, including arguments for and against free trade. It discusses how free trade maximizes welfare but can have distributional effects. Arguments for free trade include efficiency gains and economies of scale.

  3. 27 Μαΐ 2012 · This document provides an overview of several theories of international trade, including: - Mercantilism, which advocated for boosting exports and limiting imports to maintain a trade surplus. - Absolute advantage theory, which argues that countries should specialize in goods they produce most efficiently.

  4. Trade Policy as a Second Best Instrument. Market Failure and Trade Policy. Under perfect competition, small open economies can never increase welfare by imposing a tariff. but markets are from being perfect in practice... Example: Production externalities.

  5. we explain how trade policies vary across countries, industries, and time? 2 How should trade agreements be designed? Can we explain the main institutional features of actual trade agreements (e.g. WTO, NAFTA, EU)? In order to shed light on these questions, one needs to take a stand on: 1 Economic environment: What is the market structure? Are ...

  6. We can then analyze the effects of the trade policy on a particular sector independently from the rest of the economy. This involves the standard tools of supply and demand analysis ... which determine the equilibrium prices and outputs for that sector.

  7. 10 Νοε 2023 · Trade policies are essential frameworks that govern international trade and economic agreements between countries. These sets of laws and regulations define how goods and services move across borders, influencing everything from pricing and supply chains to diplomatic relations.

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