Course content
This course offers a detailed introduction to international economics. We study several trade theories with the goal of explaining why international trade takes place, what are the benefits of international trade, and in what patterns countries trade with each other.
We also study trade policy tools and their implications for market equilibrium (prices and quantities), social welfare (gross national product) and the distribution of welfare (inequality).
In relation to Nordic Nine
International Economics provides you with the ability to think about economic relationships between nations from an economic perspective and aligned with several Nordic Nine values.
You will learn how to formulate and answer fundamental economic and policy questions related to economic relations across nations using an analytical approach. You will develop models, assess the plausibility of their assumptions and the empirical validity of their predictions. You will understand the limitations of the models, and their usefulness to understand distinct historical episodes and different societal contexts. (NN1, NN2, NN6, NN8).
You will learn how to approach key societal challenges and ethical dilemmas with rigor and clarity by identifying and articulating the tradeoffs (both from an aggregate and a distributional perspective) entailed by economic decisions and policies (NN3, NN4, NN5).
See course description in course catalogue