ECON 507(S) International Trade and Development

This course explores foreign exchange problems of developing countries and possible means to deal with them; evolving theories of comparative advantage and their relevance to trade policy; strategies of import substitution and export promotion and their consequences for employment, growth, and income distribution; foreign investment, external debt, IMF stabilization programs, and the world financial system. Format: lecture/discussion. Requirements: problem sets, two midterms, and a final. Prerequisites: Economics 251 and 252; not open to students who have taken Economics 358. Undergraduate enrollment limited and only accepted with instructor's permission.