course-details-portlet

SØK2006 - International Trade

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours G

Course content

The course provides an introduction to international trade. The first part treats the theory of comparative advantages with an emphasis on the consequences on economic welfare, income distribution, and industry composition. The second part deals with intra-industry trade based on imperfect competition and economies of scale. The last part is on trade policy

Learning outcome

Knowledge

You learn

  • economic theory about international trade and international division of production
  • driving forces behind international trade and international mobility of factors of production
  • why international trade gives welfare gains and has distributional consequences
  • the importance of "comparative advantages"
  • causes of intra-industry trade and the importance of economic geography
  • the relationships between trade, industry structure and patterns of specialization
  • the importance of different types of economies of scale in production
  • the effects of trade policies for countries and industries
  • the role of the World Trade Organization (WTO)

Skills

You should be able to

  • use graphs and some algebra to analyze economic questions related to international trade
  • master general equilibrium theory in order to understand relationships between industry structure, product prices, and factor prices
  • understand interrelated forces in single markets and analyze trade policy effects
  • analyze the impact of trade on industry structure and welfare independently judge arguments about effects of international trade

General competence

You should be able to

  • follow economic reasoning related to the course in the public debate and professional reports

Learning methods and activities

2 hours of lectures every week and 2 hours of practical assignments every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term. The term papers can be written as a joint project.

Compulsory assignments

  • Approved term paper(s)/exercise(s)

Specific conditions

Compulsory activities from previous semester may be approved by the department.

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SØK2003 7.5 AUTUMN 2010
More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Intermediate course, level II

Coursework

Term no.: 1
Teaching semester:  SPRING 2023

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Social Science
  • Economics
  • Social Sciences
Contact information
Course coordinator:

Department with academic responsibility
Department of Economics

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 G 2022-12-22 09:00 INSPERA
Room Building Number of candidates
Spring ORD School exam 100/100 G INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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