LOJK10240U Trade and International Cooperation
MSc Programme in Agricultural Development
After completing the course the student should be able to:
Describe the causes, patterns, and consequences of international trade according to various classical and new trade models
Identify and reflect on the differences and similarities among the assumptions and theoretical predictions of major trade models
Develop thorough and in-depth understanding of important trade policy instruments (such as tariffs, quotas and subsidies) as well as the theoretical framework underpinning the analysis of these instruments
Summarize the main theoretical literature in the political economy of international trade policy
Show overview of the institutions of international trade policy coordination and the theory behind it
Describe the main policy issues arising from multilateral agricultural trade negotiations
Compare and contrast different theoretical models of international trade and assess the suitability of these models in explaining observed international trade patterns and other related phenomena
Demonstrate the ability to conduct diagrammatically and algebraically simple partial and general equilibrium analyses of prevalent trade policy instruments
Integrate the insights from theoretical trade models, trade policy analysis and political economy arguments of trade policy, for the purposes of explaining the landscape of protectionism across different countries and industries
Develop coherent, structured and balanced opinions on ongoing debates in international trade, international cooperation, and globalization and be able to communicate these opinions both orally and in writing forms
Apply the theoretical knowledge and analytical skills acquired from the course to analyze relevant policy issues, esp. in the areas of agriculture trade, the WTO trade negotiations, and issues concerning developing countries and economic development
Textbook: Advanced International Trade: theory and evidence, by Robert Feenstra, Princeton University Press 2004 (most chapters).
Reference books and other reading materials from academic journals, books, and other sources are to be announced at the beginning of the teaching period.
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- 7,5 ECTS
- Type of assessment
- Continuous assessmentWritten examination, 3 hours under invigilationDescription of Examination: There are two elements in the assessment: COURSEWORK consisting of at least two individual exercises/homework assignments, and one presentation; and WRITTEN EXAM of three hours at the end.
Weight: 30% from COURSEWORK during blok 1; and 70% from WRITTEN EXAM.
- Exam registration requirements
- Having fulfilled a substantial amount of the coursework requirements.
- Written aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
- If 10 or fewer register for the reexamination the examination form will be oral.
Criteria for exam assesment
- Theory exercises