International Economics 7.5 credits

About the course

This course provides an understanding of the theories, policies, and practices related to international trade. Students will be introduced to the theories that explain trade patterns, the policies governing trade, and the practical implications for businesses and economics.

Through a combination of theoretical frameworks case studies, students will explore topics such as comparative advantage, trade patterns, tariffs, trade agreements, and globalization's impact on economic welfare. This approach helps students understand the practical implications of economic principles and policies.

This course includes analyses of how globalization and the increasing interconnectedness of economies affects economic welfare, including its implications for income distribution and employment. This includes examining how trade can lead to efficiency gains, increased consumer choice, and higher standards of living, as well as considering potential drawbacks such as job displacement and income inequality.

Overall, the course equips students with an understanding of the theory, policy, and practice of international trade, preparing students to analyze and contribute to discussions on global economic issues.