EC931: International Trade

Introduction

The module surveys key concepts and empirical findings from the economics literature on international trade and international economic relations more generally. Students will gain familiarity with analytical tools that can be applied to the interpretation and the evaluation of international trade policies and international economic institutions.

Principal Aims

These lectures will survey the theoretical literature on international trade and international economic relations more generally.

Principal Learning Outcomes

Subject Knowledge and Understanding:...demonstrate familiarity with trade-related laws and institutions (such as the WTO), and an understanding of their functions and roles – in light of the theoretical concepts and empirical evidence presented in the module.

Subject Knowledge and Understanding:...demonstrate an understanding of the historical evolution of debates around international trade and trade policies.

Subject Knowledge and Understanding:...demonstrate an understanding of relevant theoretical concepts, including: terms of trade, comparative advantage, trade protection and trade barriers, trade-induced rationalisation and variety effects, trade liberalisation and cooperation.

Subject Knowledge and Understanding:...demonstrate knowledge of empirical evidence about the structure of international trade flows (in relation to their composition, their geographical patterns, their historical evolution, etc).

Syllabus

Context

Optional Module

L1P6 - Year 1, L1P7 - Year 1, L1I1 - Year 1, LN1J - Year 1, G30B - Year 4

Pre or Co-requisites

The module demands knowledge of undergraduate-level microeconomic principles and mathematical methods.

Assessment

Assessment Method

Centrally-timetabled examination (On-campus) (100%)

Coursework Details

Centrally-timetabled examination (On-campus) (100%)

Exam Timing

May

Reading Lists