International Economics (BØK455)
This course provides an introduction to basic theories of foreign trade and international investments, as well as basic theories of trade policy.
NB! This is an elective course and may be cancelled if fewer than 15 students are enrolled by August 20th for the autumn semester.
Course description for study year 2025-2026. Please note that changes may occur.
Course code
BØK455
Version
1
Credits (ECTS)
10
Semester tution start
Autumn
Number of semesters
1
Exam semester
Autumn
Language of instruction
English
Content
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.
Learning outcome
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
Exam
| Form of assessment | Weight | Duration | Marks | Aid |
|---|---|---|---|---|
| Written exam | 1/1 | 4 Hours | Letter grades | None permitted |