This course explores the theoretical foundations of International Trade. The course focuses on why countries 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
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 Environmental and Food Economics. May be taken as a master level course for all other studies.
- 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)
- Only certain aids allowed
In addition to the standard ITX programs, students can have access to English dictionaries.
As the exam is an ITX-exam, the University will make computers available to students at the exam. Students are therefore not permitted to bring their own computers, tablets, calculators, or mobile phones.
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
Like the ordinary exam.
If 10 or fewer register for the reexamination the examination form will be oral. 20 minutes with 20 minutes for preparation. No aids allowed during preparation.
Criteria for exam assessment
See the Learning Outcomes
Single subject courses (day)
- Theory exercises
- Practical exercises
- Course number
- 7,5 ECTS
- Programme level
- 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
- Department of Food and Resource Economics
- Faculty of Science
- Francesco Clora (2-6966436c697572316e7831676e)
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