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Unit of study_
ECON4919: Topics in International Trade
2025 unit information
This unit covers recent advancements in the field of international trade from both theoretical and empirical angles. It covers neoclassical trade theory such as models of comparative advantage, specific factors model, and the Heckscher-Ohlin model. It then covers new trade theory, including models with heterogeneous products, with homogeneous and heterogeneous firms, and models of international production. The unit concludes with a discussion of trade policy, which includes the analysis of the effects of tariffs and trade quotas upon trade under various market structures; the formation and design of regional trade agreements and the strategic behaviour of multinational enterprises.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
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| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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None |
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Corequisites:
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None |
| Prohibitions:
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ECON6919 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. demonstrate skills in oral and written communication (through class discussions, tests and essay)
- LO2. demonstrate skills in problem solving (through tutorial questions and tests)
- LO3. demonstrate critical thinking (through class discussions, tests, tutorial questions and essay)
- LO4. demonstrate basic modelling skills (through tutorial questions and tests)
- LO5. identify and intuitively explain the key issues in international trade theory and policy
- LO6. understand the importance of assumptions in the economic modelling of international trade
- LO7. distinguish between the efficiency implications and distributional consequences of trade and trade policy
- LO8. understand the role of politics in trade and vice versa
- LO9. assess the costs and benefits of trade policy from an economic point of view
- LO10. feel sufficiently informed to confidently participate in public policy discussions and be ready to challenge some of the misconceptions regarding trade and globalisation.
Unit availability
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Modes of attendance (MoA)
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