International Trade
Full course description
The course covers the real part of trade theory. It is a formal analysis of the reasons for international trade, the way different parties gain or lose from trade, and what can be done about that through trade policy. The subject matter is theoretical in nature, but the theory is illustrated using real life examples and cases.
Course objectives
Learn various traditional and modern theories about why countries trade
Learn who is affected and how by trade
Learn how trade policies may be used to change the outcomes of trade
Apply micro-economic tools to international economic problems
Prerequisites
First year micro-economics. Exchange students need to major in economics.
an advanced level of English
Recommended reading
Feenstra, R.C. and Alan M. Taylor (2021) International Economics, 5th ed. Worth