ECON4415 – International Trade
Course description
Course content
The course aims to give students a broad training in international economics at the advanced level using mathematical techniques.
The course consists of the fundamentals of trade theory and its application to policy.
Learning outcome
Knowledge:
You will learn about
- comparative advantage and the gains from trade
- theories of comparative advantage
- patterns and forces of international trade in a world with many goods and factors of production
- empirical tests of trade models
- international trade and factor mobility
- theories of trade under imperfect competition and increasing returns to scale
- new economic geography: the role of location and externalities in shaping the pattern of production and trade
- foreign Direct Investment and Multinational corporations
- international trade and growth
Skills:
You should be able to
- understand the general equilibrium relationship between factor endowments, the location of production, and international trade
- use general equilibrium techniques to analyse a variety of issues in international trade including the links between trade and wage inequality and the effects of trade policy
- understand the implications of imperfect competition, increasing returns to scale, and transport costs for patterns of international trade, the conduct of trade policy, and the location of economic activity in space
- understand the working and applications of models of Foreign Direct Investment
- know some of the empirical evidence relating to international trade, the geographical concentration of production, and Foreign Direct Investment
- use and adapt economic models to address key issues in international trade
Competence:
You should be able to
- read and understand project reports and journal articles that make use of the concepts and methods that are introduced in the course
- make use of the course content in your own academic work, for example in analyses that are part of the master’s thesis
Admission to the course
Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
Students not admitted to the Master’s programme in Economics or the Master’s programme in Economic Theory and Econometrics (Samfunns?konomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.
Formal prerequisite knowledge
You must fulfill one of these prerequisites:
- Bachelor`s degree in Economics, or equivalent.
- ECON3220 – Microeconomics 3 / ECON4220 – Microeconomics 3, or equivalent.
Overlapping courses
- 10 credits overlap with S?K475.
- 10 credits overlap with SO?475.
- 10 credits overlap with ECON475.
- 10 credits overlap with ECON475.
Teaching
Lectures and seminars.
Voluntary tuition activities:
- A term paper
Course responsible can at the beginning of the semester update the syllabus list by changing no more than three articles, though in a way that it will not change the overall scope or thematic content of the course.
The syllabus also includes any lecture notes that will be made available for the students in Canvas.
Examination
A 3-hour written school exam.
Exam papers with comments by examiner
Examination support material
Usage of a dictionary during the examination is allowed, subject to prior inspection by SV-info.?See guidelines for further details.
Language of examination
The examination text is given in English, and you submit your response in English.
Grading scale
Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.
Resit an examination
If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.
See also our information about resitting an exam.
Students who wish to retake the exam in a later semester are not guaranteed that the course will be given with the same content and syllabus, or that the examination scheme will be the same.
More about examinations at UiO
- Use of sources and citations
- How to use AI as a student
- Special exam arrangements due to individual needs
- Withdrawal from an exam
- Illness at exams / postponed exams
- Explanation of grades and appeals
- Resitting an exam
- Cheating/attempted cheating
You will find further guides and resources at the web page on examinations at UiO.