AØKA08021U International Economics
MSc in Economics
The purpose of the course is to give an introduction to traditional and new trade theories and selected topics in international monetary economics. The aim is that the students, after participating in the course International Economics, will be able to:
- understand and describe why international trade arise
- understand and describe trade patterns under perfect and imperfect competition
- understand and describe the extent to which there are welfare gains from trade
- analyse and calculate how trade affects behaviour of firms and consumers and how trade affects welfare
- analyse and calculate how trade policy affects firm behaviour and analyse and calculate welfare implications of trade policy
- understand and describe aspects of the globalisation debate such as the impact of globalisation on wage inequality, the role of multinational corporations, and labour market consequences of outsourcing
- understand and describe the theory of optimum currency areas
- describe and analyse in a clear and correct written language
Students who achieve all these goals will be given the top grade.
Barba Navaretti, G. and A. Venables (2004), Multinational Firms in the World Economy, Princeton University Press, p. 1-22, 49-64.
Brander, J. and P. Krugman (1983), A 'Reciprocal Dumping' Model of International Trade, Journal of International Economics, 15, p. 313-321.
Brander, J. and B. Spencer (1985), Export Subsidies and International Market Share Rivalry, Journal of International Economics, 16, p. 83-100.
Feenstra, R. and G. Hanson (2003), Global Production Sharing and Rising Inequality: A Survey of Trade and Wages, in E. K. Choi and J. Harrigan (eds.), Handbook of International Trade, Blackwell Publishing, p. 146-167.
Krugman, P. (1979), Increasing Returns, Monopolistic Competition, and International Trade, Journal of International Economics, 9, p. 467-476.
Krugman, P., M. Obstfeld and M. Melitz (2012), International Economics, Theory and Policy, 9th edition, Addison-Wesley. Chapter 1-12, 20. Appendices to chapters are also required readings.
Rose, A. (2000), One Money, One Market: The Effect of Common Currencies on Trade, Economic Policy 30, p. 8-45.
Lecture notes uploaded at the course home page are also required readings.
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilationA 3 hours written examination taking place at Peter Bangs Vej 36.
- Exam registration requirements
- Students have to write a short term paper to sign up for the exam.
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
100 % censurship
- Exam period
- Will be updated before the start of the semester
- Same as ordinary. But if only a few students have registered for the re-exam, the exam might change to an oral exams with a synopsis to be handed in. This means that the examination date also will change.