Duration: 3 hours per week - 13 weeks [ECTS: 5]

Course outline

This course analyses the theory and policy of international trade. In the first part the course focuses on traditional models of international trade, such as the Ricardian model and the Heckscher-Ohlin model. It then discusses contemporary models based on economies of scale and imperfect competition. In the second part the course investigates the most important tools of trade policy, such as tariffs, quotas, non-tariff measures etc.