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

The course is designed both as a stand-alone course in international trade theory and policy, and a foundation for further study of advanced international trade theory and international economics. The course covers the main topics in international trade and is organised in three major parts: introduction, trade theory and trade policy. In the beginning, the course provides an introduction to trade in the global economy highlighting key empirical facts of trade patterns. In the second part, the course deals with all major trade theories that cover areas including technology and trade (e.g., the Ricardian Model), gains and losses from trade (the specific-factors model), endowment and trade (the Heckscher-Ohlin model), the standard trade model. The course also covers new trade theories describing the importance of economies of scale and international location of production as well as how firms behave in the global economy in a world of competition. Then in the third part, the course will concentrate on trade policy issues. We will cover topics including offshoring
of goods and services, tariffs and quotas under perfect and imperfect competition, infant industry protection and export policies in resource-based and hightech industries.

  • Completion method: contact teaching
  • Language: English
  • Schedule: can be found in Course Page and Sisu
  • Study materials: can be found in Moodle
    • A link and a Moodle course key will be sent by email before the course starts and/or they will be provided on the Courses page: you can view the information on this site without logging in or registering, but some of the content added by teachers to course pages may be available to course participants only, for example Moodle course enrolment key.
    • Log in with your UH username to be able to use all the features of the course workspace

Please register for the course in the UH Sisu with your UH username. Further instructions (link to be added here later).

    • Code: no equivalent code
    • Target groups: BSc
    • Credit points: 5
    • Credit transfer: apply for inclusion in Sisu

    Further information (link to be added here later)

    • Code: no equivalent code
    • Target groups: BSc
    • Credit points: 5
    • Credit transfer: apply for inclusion in Sisu

    Further instructions (link to be added here later)

    • Code: ECOK-259
    • Target groups: BSc
    • Credit points: 5

On successful completion of the course, students should be able to:

  • describe the assumptions and structure of standard models of international trade theory
  • use such models to analyse diverse real issues in international economics
  • specify the conditions under which trade is beneficial for individual economies and international community as well as identify winners and losers from trade
  • highlight the implications of trade on firm performance, productivity growth, and income distribution under various circumstances
  • understand the political economy of trade policy and how institutions and different trade policy instruments affect international trade
  • recognise the effects of international trade on economic development, international politics and the environment
  • discuss the causes and the resolutions of international trade disputes, and
  • review the dynamics of world trading system and international coordination.