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International Trade Theory 7,5 Credits

The International Trade Theory discusses the gains from trade, how patterns of trade are determined, and the impact of various trade policies.

Course Contents

The aim of the course is to provide the student with basic knowledge and skills in international trade
theory. The course helps the student understand the theoretical basis for the following issues: the gains from trade, how patterns of trade are determined, the effect of growth on trade, and the impact of various trade policies. The course also helps the student consider how trade theory may be applied to various real-world issues.

Important elements of the course include the following:
  • Comparative advantage and the Ricardian Model,
  • Income distribution and the Specific Factors Model,
  • The resource endowment basis for trade patterns and the Heckscher-Ohlin Model,
  • Terms of trade and its determinants,
  • The effect of growth on trade,
  • The inclusion of economies of scale and imperfect competition in international trade theory,
  • The impact on trade of various international institutions and agreements on trade, such as the EU,
NAFTA, GATT, and WTO.

Prerequisites

30 credits in Business Administration or Economics including Microeconomics 7,5 credits.

Level of Education: Undergraduate G1F
Course code/Ladok code: ECLK13
The course is conducted at: Jönköping International Business SchoolLast modified 2014-10-15 13:34:08

Content updated 2020-08-25