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International Trade Theory and Policy

International Trade Theory and Policy

This tutorial may be used as classroom lectures and homework assignments for undergratute and graduate Economics and Business students with the knowlegde of economic theory. The meaterial thoroughly explains the theory of International Trade and gains from trade among nations. Furthermore, the welfare analysis of consumers, producers, and societies are presented by using a three-panel diagram. Also, the consequences of domestic tratde distortion policies (consumer, producer, and social welfare gains/loses) of large as well as small countries are discussed.


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