International Trade Theory

The course begins with a series of lectures on classical, neoclassical, and modern trade theories, with the help of which international trade and specialisation patterns can be explained. The lectures will also cover theories on multi-national corporations and international direct investment, political motives for protectionism, and the effects of various strategies by which the state can restrict trade. In addition, the course will cover motives for granting state subsidies to national and foreign businesses, as well as trade and industrial policy for the economic development of under-developed countries. At the end of the course, the students are required to submit a group assignment in the form of a report on a current issue in the field of international trade theory. There will be an examination seminar at the end of the course, in which students present their results and give critical feedback on a report submitted by another group.

Progressive specialisation: G1F (has less than 60 credits in first‐cycle course/s as entry requirements)

Education level: Undergraduate level

Admission requirements: Economics 30 ECTS Credits.

Selection: Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.