Lecture, three hours; discussion, one hour. Requisite: course 101. Corequisite: course 121L. Not open to students with credit for former course 120. Theory of international trade: bases, direction, terms, volume, and gains of trade. Effects of tariffs, quantitative restrictions, and international integration. Effects of free and restricted trade on economic welfare and political stability. P/NP or letter grading.

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23W 19F 19W 18W 17S 16S

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