GRA 6649 International Economics
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.
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.
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.
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.
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
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.
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 spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.
GRA 6031 Microeconomics or equvialent
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Internal and external examiner
Examination when next scheduled course
|100||Yes||3 Hour(s)||Individual||Written examination under supervision|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||Written examination under supervision|
|Resit:||Examination when next scheduled course|
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.