GRA 6649 International Economics

GRA 6649 International Economics

Course code: 
GRA 6649
Department: 
Economics
Credits: 
6
Program of study: 
Master of Science in Business
Course coordinator: 
Per Botolf Maurseth
Product category: 
Master
Portfolio: 
MSc in Applied Economics
Semester: 
2020 Autumn
Active status: 
Active
Teaching language: 
English
Course type: 
One semester
Introduction

International economic integration is a major ingredient in economic globalization. This course gives students an advanced introduction to the major theories of international trade and investments.

Learning outcomes - Knowledge

Students will acquire knowledge of the main models of economic integration from standard economic theory. They will learn to how analyse real world problems with advanced theoretical modelling tools. Topics such as comparative advantages, new trade theory, trade and growth and foreign direct investments are covered. Both theoretical and empirical questions are covered. Also trade policy is covered and students will learn how to analyse trade policy from a theoretical perspectives. The student will have acquired knowledge about international capital movements and labour migration and their relationships with international trade. The student will also have an understanding of firm based theories of international trade and how these differ from standard theories.

Learning outcomes - Skills

Students will aquire skills that enable them to analyse international trade patterns. They will gain the ability to understand why countries trade, with whom countries trade and what countries trade. Students will also aquire skills to analyse gains from trade.

Students will aquire analytical tools to understand why some firms engage in trade while other firms, even in the same industry, abstain from international trading activities.

The course enables students to analyse international investments and students will learn how to understand how international investments sometimes substitute for trade and sometimes supplement trade.

The course enables students to analyse income distribution consequences of trade. Some groups gain from trade while other groups loose from trade. Some types of trade have larger consequences for countries' internal income distributions than others. Students will aquire skills to analyse when and how increased trade impact on countries' income distribution.

The course is business relevant. Students aquire skills to analyse opportunities as well as challenges in international markets.

General Competence

Students aquire skills to reflect on international trade, trade policy and the impact of international investments. Does trade liberalization increase countries' incomes? What are the consequences of trade for consumers? How can we understand the growth of multinational enterprises?

This prepares students for more academic work. The course gives an introdution to advanced international trade theory.

The course also enables students to reflect on policy debates, such as the effects of trade liberalization, protectionism and free trade agreements between countries.

The course enables students to reflect on strategies for internationalisation and international competition.

Course content

Main topics are

  • comparative advantage and gains from trade
  • new trade theory based on monopolistic competition and increasing returns to scale
  • firm in international trade
  • international trade, factor mobility and foreign direct investments
  • international trade and growth
Teaching and learning activities

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on the course homepage/It's learning or text book.

Software tools
No specified computer-based tools are required.
Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Required prerequisite knowledge

GRA 6031 Microeconomics or equvialent

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA66491
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
100Yes3 Hour(s)
  • Bilingual dictionary
Individual Written examination under supervision
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • Bilingual dictionary
Duration:3 Hour(s)
Comment:Written examination under supervision
Exam code:GRA66491
Grading scale:ECTS
Resit:Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100
Sum workload: 
0

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.