Browse Hierarchy ECON5009: Economic Integration

This module provides an introduction to international trade and economic integration. Traditional theories of international trade are reviewed and their relevance to international economic relations is assessed. The stages of economic integration are examined and related to the development of trading blocks, customs and economic unions. Partial equilibrium tools of economic analyses are used to analyse trade policy options and instruments so as to assess the welfare implications of these policies. The institutional arrangements of various trading blocks will be examined and the relationships between these institutions and multilateral/global institutions will be considered.