International Trade Theory
| Code | School | Level | Credits | Semesters |
| ECON4012 | Economics | 4 | 15 | Spring UK |
- Code
- ECON4012
- School
- Economics
- Level
- 4
- Credits
- 15
- Semesters
- Spring UK
Summary
An overview of the theory of international trade, the theory of trade policy and each of their applications, utilising the techniques of general equilibrium theory and the theories of perfectly competitive and imperfectly competitive markets as appropriate. Recent developments in these areas will be emphasised.
Target Students
Available for PGT or PGR students on Economics degree programmes.
Classes
This module is delivered via a series of lectures.
Assessment
- 100% Exam (2-hour): Exam
Assessed by end of spring semester
Educational Aims
This module is designed to offer an up-to-date overview of the theory of international trade, the theory of trade policy, and of each of their applications. Trade theory is one of the major applications of general equilibrium theory, while trade policy analysis employs both general and partial equilibrium tools of analysis. Both areas also increasingly utilise and extend the theories of imperfect competition and industrial organization. The aim of this module will be to provide an insight into these recent developments, and to place them in the context of the intellectual development of trade theories.Learning Outcomes
A Knowledge and Understanding. Students should demonstrate:
A2 An understanding of advanced theoretical methods (including graphical and mathematical representations of economic ideas).
A4 An advanced knowledge of specialisms in economics, including the current state of research in that field.
B Intellectual Skills. Students should be able to:
B2 Use analysis, deduction and induction to solve economic problems.
B3 Apply economic theory to economic institutions and policies.
D Transferable (key) skills. Students should be able to:
D3 Undertake independent study of an economic subject.
Conveners
- Yuan Tian