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.
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
Learning outcome knowledge
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.
- Written exam: 100%