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- Code:
- ECOK-259
- Field:
- Macroeconomics
- Target:
- Bachelor's students
- Organiser:
- University of Helsinki - Economics
- Instructor:
- Ashim Kar
- Period:
- Period 1
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Economicum building
- Enrollment:
In case of conflicting information consider the Sisu/Courses/Moodle pages the primary source of information.
Content
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.
Teaching
- Language: English
- Schedule: can be found in Course Page and Sisu
- Study materials: can be found in Moodle
- For some courses, it is enough to register in Sisu and you can access directly the Moodle area, please note, however, that it may take up to two hours after registration to enter the Moodle area.
- Log in with your UH username to be able to use all the features of the course workspace
- More tips for enrolling in Moodle can be found here
University-specific instructions
Aalto University Students
- Code: no equivalent code
- Target groups: BSc
- Credit points: 5
- Credit transfer: apply for inclusion in Sisu
Further instructions can be found here.
Hanken Students
- Code: no equivalent code
- Target groups: BSc
- Credit points: 5
- Credit transfer: apply for inclusion in Sisu
Further instructions can be found here.
University of Helsinki Students
- Code: ECOK-259
- Target groups: BSc
- Credit points: 5
- YET students: Before taking and completing this course make sure that the credits can be counted towards your degree by checking which courses are/can be included in your curriculum. You can also contact your planning officer Simo Riikonen (firstname.lastname@helsinki.fi).
Learning outcomes
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.