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.
The course is open to:
- Exchange and Guest students from abroad
- Credit students from Danish Universities
- Open University students
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.
Changes to teaching methods due to a pandemic crisis:
The teaching in this course might be changed to either fully or
partly online due to a pandemic crisis. If changes are implemented
please read the study messages at KUnet or the announcements in the
virtual 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).
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.
- All exercise classes are taught in English and it is expected
that the students ask questions in English, so foreign students are
included in the dialog.
- The schedule of the lectures and the exercise classes can change
without the participants´ acceptance. If this occur, you can see
the new schedule in your personal timetable at KUnet, in the app
myUCPH and through the links in the right side of this course
description and at 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)
When registered you will be signed up for exam.
- Full-degree students – sign up at Selfservice on KUnet
- Exchange and guest students from abroad – sign up through Mobility Online and Selfservice- read more through this website.
- Credit students from Danish universities - sign up through this website.
- Open University students - sign up through this website.
The dates for the exams are found here Exams – Faculty of Social Sciences - University of Copenhagen (ku.dk)
Please note that it is your own responsibility to check for overlapping exam dates.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination, 3 hours under invigilation
- Type of assessment details
- ITX-exam in the exam venues of the university.
The exam assignment is in English and must be answered in English. - Aid
- Without aids
No aids allowed at the written ITX-exam.
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 (16-6d7a807b757a713a6e717e8074716d814c716f7b7a3a77813a7077)
Teacher
See 'Course Coordinators'.
Teachers of exercise classes:
Ex. class 1:
Ex. class 2:
Please read "Remarks" regarding the schedule of the
teaching
Are you BA- or KA-student?
Courseinformation of students