International Economics (p)
Course content
The purpose of the course is to give an introduction to traditional and new trade theories and selected topics in international monetary economics.
The course studies causes and consequences of international trade. We seek to answer questions such as:
- Why do countries trade?
- What do they trade?
- Who gains and who loses from trade?
- What is the impact of trade policy on welfare?
The course also considers aspects of the globalization debate:
- Is wage inequality affected?
- What are the implications of multinationals and offshoring?
- How would various policy changes discussed in the news affect trade, welfare and inequality?
The class centers on the work horse models of international trade: The Ricardian model, the Heckscher-Ohlin and the Krugman model, but extends on these and discuss modern theories of strategic trade policy. There will be a small number of empirical papers as well.
MSc programme in Economics – elective course
Bacheloruddannelsen i økonomi – Prioriteret valgfag på 3. år (angivet med et p)
The Danish BSc programme in Economics - prioritized elective at the 3rd year (symbolized by ‘p’).
The course is no longer a part of the Financial line.
After completing the course the student is expected to be able to:
Knowledge:
- Account for why international trade arises.
- Define and explain trade patterns under perfect and imperfect competition.
- Account for the extent to which there are welfare gains from trade.
Skills:
- Analyze and calculate how trade affects the beahavious of firms and consumers and how trade affects welfare and inequality.
- Analyze and calculate how trade policy affectsfirm behaviour and analyze and calculate welfare implications of trade policy
Competencies:
- Convert the material of the class into actionable trade policies
- Understand, discuss and evaluate current policy proposals in light of the theory presented in the class.
Lectures and exercise classes.
Restrictions due to pandemic crisis:
The teaching in this course may be changed to be taught either
fully or partly online due to a pandemic crisis like COVID-19. In
case of changes and further information, please read the study
messages in KUnet or the announcements in the course room on
Absalon (for enrolled students).
- Brander, J. and P. Krugman (1983), A 'Reciprocal Dumping' Model of International Trade, Journal of International Economics, 15, p. 313-321.
- Brander, J. and B. Spencer (1985), Export Subsidies and International Market Share Rivalry, Journal of International Economics, 18, p. 83-100.
- Feenstra, R.C. (2016), Advanced International Trade, Theory and Evidence, 2nd edition, Princeton University Press. Selected parts of chapters 1, 2, 3, 4, 5, 7, 8, and 9.
- Autor, D; Dorn, D. and Hanson G. Untangling Trade and Technology: Evidence from Local Labour Markets, The Economic Journal, 2015
- Krugman, P. (1979), Increasing Returns, Monopolistic Competition, and International Trade, Journal of International Economics, 9, p. 467-476.
Microeconomics I, Microeconomics II, Macroeconomics I and
Macroeconomics II from the Bachelor programme in Economics,
University of Copenhagen, or similar.
Especially the mathematical formalities of microeconomics are
recommended.
Note, this is not an easy class. Understanding of differentiation,
calculus etc. is taking as a given and the class is heavy in
models.
Schedule:
3 hours lectures a week from week 6 to 20.
2 hours exercise class a week from week 6/7 to 20/21.
The overall schema for the 3rd year and Master courses can be seen
at KUnet:
MSc in Economics => "courses and teaching" =>
"Planning and overview" => "Your timetable"
BA i Økonomi/KA i Økonomi => "Kurser og undervisning"
=> "Planlægning og overblik" => "Dit
skema"
Timetable and venue:
To see the time and location of lectures please press the
link/links under "Timetable"/"Se skema" at the
right side of this page (F means Spring).
You can find the similar information partly in English at
https://skema.ku.dk/ku2122uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for
respond)
-Select Module:: “2200-F22; [Name of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Forår/Spring – Week 5-30”
Press: “ View Timetable”
Please be aware:
- The study administration allocates the students to the exercise
classes according to the principles stated in the KUnet.
- If too many students have wished a specific class, students will
be registered randomly at another class.
- It is not possible to change class after the second registration
period has expired.
- If there is not enough registered students or available teachers,
the exercise classes may be jointed.
- The student is not allowed to participate in an exercise class
not registered.
- The teacher of the exercise class cannot correct assignments from
other students than the registered students in the exercise class
except with group work across the classes.
- All exercise classes will be taught in English.
- The schedule of the lectures and the exercise classes can be
changed without the participants´ acceptance. If this happens you
can see the new schedule in your personal timetable at KUnet, in
the app myUCPH and through the links in the right side and the link
above.
- It is the students´s own responsibility continuously throughout
the study to stay informed about their study, their teaching, their
schedule, their exams etc. through the curriculum of the study
programme, the study pages at KUnet, student messages, the course
description, the Digital Exam portal, Absalon, the personal schema
at KUnet and myUCPH app etc.
Students will receive individual feedback on their written assignments.
In addition, the lecturer gives collective oral feedback for the quizzes the students take during the lectures.
for enrolled students: Rules etc at Master(UK), Master(DK) and Bachelor(DK)
Foreign students and guests: Information about admission requirements, application, tuition fee, registration at Study Economics.
Please read the curriculum before enrolment.
Gæste- og enkelfagsstuderende: Tilmelding via Uddannelse i Økonomi.
Læs venligst studieordningen og uddannelsen inden tilmelding.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination, 3 hours under invigilationas an ITX-exam in the exam venues of the university.
The exam assignment is in English and must be answered in English.
Changes due to Coronavirus:
In the event that COVID-19 restrictions may affect the conduction of the ITX-exams, the written exam and the re-sit exam will be changed to a 3 hours take-home exam with all aids. If done so, the changes will be announced in study messages at KUnet and in the Digital Exam portal.
The take-home exam is an individual exam and it is not allowed to communicate with any one about the exam assignment nor the solution at all. It is also prohibited to distribute data and other information at all. If this or alike actions happens, it will be regarded as cheating and plagiarism.
__ - Aid
-
No aids allowed at the written ITX-exam.
If the ITX-exam is changed to a take-home exam due to COVID-19, the written take-home exam will be with all aids.
Information about allowed aids for the re-examination, please go to the section "Re-exam".
__
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
at the written exam.
The written ITX-exam may be chosen for external assessment by random sample.
An oral re-examination may be with external assessment.
____
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the course.
In order to obtain the top grade “12”, the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.
In order to obtain the passing grade “02”, the student must in a satisfactory way be able to demonstrate a minimal acceptable level of the knowledge, skills and competencies listed in the learning outcomes.
Single subject courses (day)
- Category
- Hours
- Lectures
- 42
- Class Instruction
- 28
- Preparation
- 133
- Exam
- 3
- English
- 206
Kursusinformation
- Language
- English
- Course number
- AØKA08021U
- ECTS
- 7,5 ECTS
- Programme level
- Full Degree Master
Bachelor
- Duration
-
1 semester
- Placement
- Spring
- Go to 'Signup' for
information about registration and enrollment. - Price
-
Information about admission and tuition fee: Master and Exchange Programme, credit students and guest students (Open University)
- Schedulegroup
-
and venue:
- For teaching: Go to 'Remarks'.
- For exam and re-sits: Go to 'Exam'. - Studyboard
- Department of Economics, Study Council
Contracting department
- Department of Economics
Contracting faculty
- Faculty of Social Sciences
Course Coordinator
- Antoine Bertheau (16-6c797f7a747970396d707d7f73706c804b706e7a79397680396f76)
Teacher
See 'Course Coordinators'.
Teachers of exercise classes:
Ex. class 1: Gustav Corty Dam
Ex. class 2: Gustav Corty Dam
Please read "Remarks" regarding the schedule of the
teaching
Are you BA- or KA-student?
Courseinformation of students