KTTA4140 International Trade (5 cr)

Open the course unit brochure on Sisu
Study level:
Intermediate studies
Grading scale:
0-5
Language:
English, Finnish
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2024-2025, 2025-2026, 2026-2027, 2027-2028

Description

Content

A standard model of a trading economy. The Ricardian model of trade. Heckscher-Ohlin model of trade. Economies of scale. Imperfect competition and international trade. International trade policy. Tariff analysis.

Completion methods

Book exam: Academic year

Assessment details

Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.

Learning outcomes

At the end of the course the student is expected to be able to:

recognize the traditional theories of trade,
identify the impacts of trade on welfare and factors of production,
identify the impacts of tariffs,
evaluate the economic implications of free trade,

Description of prerequisites

KTTP2110 Basics of Economics, KTTA2150 Microeconomics I, or equivalent

Recommended prerequisites

Study materials

Krugman, P. & Obstfeld, M. & M. Melitz; International Economics Ninth edition (2012) or newer edition, Chapters 1-12

Literature

  • Krugman, P. & Obstfeld, M. & M. Melitz; International Economics Ninth edition (2012) tai uudempi.; ISBN: 987-0-273-7409-1

Completion methods

Method 1

Evaluation criteria:
Exam
Select all marked parts

Method 2

Evaluation criteria:
Book exam
Select all marked parts
Parts of the completion methods
x

Teaching (5 cr)

Type:
Participation in teaching
Grading scale:
0-5
Language:
English, Finnish

Teaching

x

Exam (5 cr)

Type:
Exam
Grading scale:
0-5
Language:
English, Finnish

Teaching