Pure theory of international trade. Reasons for trade, gains from trade, factor price equalization, commercial policy, trade and economic development, and customs unions.
Advanced treatment of contemporary theoretical and empirical research in Marxian political economy. Topics include: debates in the labor theory of value; the so-called transformation problem; circuit of capital model; theories of exploitation; theory of finance capital and imperialism; distribution of surplus value - interest, commercial profit, rent; profitability and capital accumulation; theories of capitalist crisis. Prerequisite: ECON 708 or 709