NIFB14006U  International Economics

Volume 2017/2018

Bacheloruddannelsen i jordbrugsøkonomi


This course explores the theoretical foundations of International Trade. The course focuses on why nations trade, what they trade, and how free trade can be beneficial or detrimental to trading countries. We will also discuss what governments can do to influence trade flows and how government policy can be used as a strategic tool by a country to achieve its own international objectives; the political debate surrounding such policies are also surveyed. The topics covered in the course include:

  • Classical trade theories
  • Theories of trade with imperfect competition
  • Trade policy theory
  • The political economy of trade


Learning Outcome

After completing this course a student should be able to:


  • identify and distinguish between different international trade models by their assumptions
  • describe and compare the main features and results of the different models


  • derive comparative statics within the economic models of international trade covered in the course
  • explain the outcome of comparative statics in terms of model mechanics, assumptions and economic logic


  • apply relevant economic theories to real world issues. This involves i) setting up an economic model applicable to the real world issue; ii) conducting relevant analyses (comparative statics) within the model; and iii) interpreting the results in terms of real world concepts and providing policy conclusions/​recommendations
  • evaluate the applicability of different economic models for analysing specific real world issues


The course uses an undergraduate textbook in International Economics to be announced on the course website at least two weeks prior to the start of the course. An example of such a textbook is

Robert Feenstra and Alan Taylor, "International Trade", 3rd edition, Worth Publishers

It is highly recommended to have passed a basic course in microeconomics and mathematics.
Mix of lectures and theoretical exercises.
The course is a bachelor course for Agricultural Economics. May be taken as a master level course for all other studies
Continuous feedback during the course of the semester
7,5 ECTS
Type of assessment
Written examination, 4 hours under invigilation
Without aids
Marking scale
7-point grading scale
Censorship form
No external censorship

If 10 or fewer register for the reexamination the examination form will be oral. Otherwise like the ordinary exam.

Criteria for exam assesment

See the Learning Outcomes

  • Category
  • Hours
  • Lectures
  • 48
  • Theory exercises
  • 24
  • Preparation
  • 130
  • Exam
  • 4
  • Total
  • 206