International Trade (6 cr)

Code:
31E00500
Field:
Macroeconomics
Targets:
Master’s students Research Master's students PhD students
Organiser:
Aalto University
Instructor:
Pablo Warnes
Period:
Period 2
Format:
Lecture
Method:
Contact teaching
Venue:
Otaniemi campus
Enrollment:

In case of conflicting information consider the Sisu/MyCourses pages the primary source of information.

Hanken and UH economics students can enroll in their home university’s SISU! Further instructions can be found on the How to enroll? page, also for other students.

Before taking and completing the course make sure that the credits can be counted towards your degree at your home university by checking which courses are included in your curriculum or by contacting your home university’s student/learning services.

  • To access the course workspace, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your Aalto user ID.
  • For more information on how to activate your Aalto user ID and register for a MyCourses course area, click here.

This course studies the determinants and effects of international trade and investment. We start with the classical models of trade theory, including the Ricardian theory of comparative advantage and the Heckscher Ohlin model. We then cover more modern trade models that incorporate economies of scale and imperfect competition. When presenting each theoretical model, we examine how they fare relative to the data, and contextualize them with specific empirical examples. In the last part of the course, we examine trade policy. We study the effects of different types of trade policies and ask what would be the optimal trade policies. Time permitting, we will also discuss the effects of the COVID-19 pandemic on international trade.

The course introduces the students to international trade theory and applied (empirical) trade economics at the level required for applied economists. It also provides a basic foundation of knowledge in international trade theory for more advanced PhD level courses.