Undergraduate Course: International Trade (ECNM10128)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This course explores the theory and policy of international trade. It introduces students to key stylised facts about global trade patterns and develops the main analytical models used in modern trade theory, including comparative advantage, factor endowments, and increasing returns. |
| Course description |
This course explores the theory and policy of international trade. It introduces students to key stylised facts about global trade patterns and develops the main analytical models used in modern trade theory, including comparative advantage, factor endowments, and increasing returns.
The course shows how these workhorse models can be used to analyse trade patterns, income distribution, trade and development, and the welfare effects of trade policy. Its aim is to equip students with the analytical tools required to assess the economic consequences of globalisation and protectionism.
The course requires students to engage with formal models and graphical analysis, as well as recent applied literature in international trade.
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Information for Visiting Students
| Pre-requisites | None |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Demonstrate knowledge of the main models of international trade
- Explain the sources of gains from trade and their distributional effects.
- Analyse the impact of trade on wages, inequality, and sectoral outcomes.
- Evaluate the welfare effects of trade policy.
- Apply trade models to interpret empirical findings and policy debates.
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Reading List
Krugman, Obstfeld and Melitz, International Economics: Theory and Policy.
Additional journal articles as indicated in the course material |
Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | International trade,globalization,comparative advantage,inequality,trade policy;,development. |
Contacts
| Course organiser | Dr Eve Colson-Sihra
Tel:
Email: ecolson@ed.ac.uk |
Course secretary | |
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