This course is concerned with the key theoretical and policy issues that arise in trying to understand the economics of international trade. It looks at a variety of trade models - both under perfectly competitive and imperfectly competitive market conditions - and their empirical implications for both patterns of trade and foreign direct investment. It also examines their effects on the level and distribution of welfare and economic growth.
The objective of the course is to train students to understand the reasons for and advantages of international trade. Upon successful completion of the course, a student will be able to demonstrate a professional understanding of the principles that determine the nature and extent of international trade. It will also prepare students to carry out advanced research into, and to act as policy advisors on, issues related to international trade by abstracting from the key principles of the various trade models.
Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.
Key employability skills that students would have gained include: research skills, team working, evaluation, literacy, project management, time management and written communication skills.
The objective of the course is to train students to understand the reasons for and advantages of international trade. Upon successful completion of the course, a student will be able to demonstrate a professional understanding of the principles that determine the nature and extent of international trade. It will also prepare students to carry out advanced research into, and to act as policy advisors on, issues related to international trade by abstracting from the key principles of the various trade models.
Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.
Key employability skills that students would have gained include: research skills, team working, evaluation, literacy, project management, time management and written communication skills.