The objective of this course is to provide students with an understanding of the principles and applications of international trade, so that students are prepared to face the future complexities of the global economy. Exploration of the basic rules and institutions of international trade focusing on the World Trade Organization. Discussion of influential trade theories, the effect of trade on income distribution, the implications of tariff imposition and the economic mechanisms and policy issues that often arise in world trade. Political economy and controversies in the theory of trade are also discussed.