International Economics

Course content

This course explores the theoretical foundations of International Trade. The course focuses on why nations trade, what they trade, and how international trade affects peoples welfare. We will also discuss how governments use policies to influence trade flows and the ensuing welfare impacts. The topics covered in the course include:

  • Classical trade theories
  • Theories of trade with imperfect competition
  • Trade policy analysis



BSc Programme in Environmental and Food Economics
BSc Programme in Natural Resources

Learning outcome

After completing this course a student should be able to:


  • describe actual trade patterns and their development over time
  • identify and distinguish between different international trade models by their assumptions
  • describe and compare the main features and results of the different models


  • derive comparative statics within the economic models of international trade covered in the course
  • explain the outcome of comparative statics in terms of model mechanics, assumptions and economic logic
  • relate model predictions to observed trade flows


  • apply relevant economic theories to real-world issues. This involves i) setting up an economic model applicable to the real-world issue; ii) conducting relevant analyses (comparative statics) within the model and iii) interpreting the results in terms of real-world concepts and providing policy conclusions/recommendations
  • evaluate the applicability of different economic models for analyzing specific real-world issues


Mix of lectures and theoretical exercises.

The course uses an undergraduate textbook in International Economics to be announced on the course website at least two weeks prior to the start of the course. An example of such a textbook is

Robert Feenstra and Alan Taylor, "International Trade", 4th edition, Worth Publishers

It is highly recommended to have passed a basic course in microeconomics and mathematics.

The course is a bachelor course for Agricultural Economics. May be taken as a master level course for all other studies

Continuous feedback during the course
Peer feedback (Students give each other feedback)
7,5 ECTS
Type of assessment
Written examination, 4 hours under invigilation
Type of assessment details
The course has been selected for ITX exam.
See important information about ITX-exams at Study Information, menu point: Exams -> Exam types and rules -> Written on-site exams (ITX).
Without aids
Marking scale
7-point grading scale
Censorship form
No external censorship
Criteria for exam assessment

See the Learning Outcomes

Single subject courses (day)

  • Category
  • Hours
  • Lectures
  • 48
  • Preparation
  • 130
  • Theory exercises
  • 12
  • Practical exercises
  • 12
  • Exam
  • 4
  • English
  • 206


Course number
7,5 ECTS
Programme level

1 block

Block 4
No restrictions
The number of seats may be reduced in the late registration period
Study Board of Natural Resources, Environment and Animal Science
Contracting department
  • Department of Food and Resource Economics
Contracting faculty
  • Faculty of Science
Course Coordinator
  • Francesco Clora   (2-75724f7875817e3d7a843d737a)
Saved on the 10-11-2022

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Are you bachelor- or kandidat-student, then find the course in the course catalog for students:

Courseinformation of students