NIFB14006U International Economics
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
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
- Theory exercises
- 7,5 ECTS
- Type of assessment
- Written examination, 4 hours under invigilationThe course has been selected for ITX exam at Peter Bangs Vej.
- Without aids
The University will make computers and power available to students taking written exams with invigilation in the University’s building on Peter Bangs Vej 36 (ITX). These students are therefore not permitted to bring their own computers, tablets or mobile phones. If textbooks and/or notes are permitted at a given exam, these must be in paper format or on a USB flash drive.
- 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.