This course provides an introduction to basic theories of foreign trade and international investments, as well as basic theories of trade policy.
The first part of the course focuses on the motivations for international trade and the consequences of international trade for national economies. The second part of the course focuses on the effects of politically-determined instruments of trade, such as tariffs, import quotas and export subsidies. The final part of the course focuses on international trade agreements, especially on the trade liberalisation that has occurred within the framework of multilateral agreements such as GATT/WTO.
This course is especially suited to students with an interest in working in international organisations, public administration with international ties, or as analysts within international corporations.
Upon completion of this course, the student is expected to be able to:
use basic theories of trade and international investments to analyse issues concerning international economics.
give an account of basic concepts and theories of international economics.
use data of international transactions to perform simple theory-based analyses of empirical relations.
Required prerequisite knowledge
Form of assessment
The student has to pass at least three out of five assignments prior to the exam.
There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.