| Ansvarligt institut | Fødevareøkonomisk Institut | ||||||||||||||
| English Title | International Economics | ||||||||||||||
| Tidligst mulig placering | Bachelor 1. år | ||||||||||||||
| Varighed | En blok | ||||||||||||||
| Pointværdi | 7.5 (ECTS) | ||||||||||||||
| Kursustype | Fælleskursus Students in Agricultural Economics and Environmental and Natural Resource Economics can only follow this course on Bsc-level | ||||||||||||||
| Eksamen | Sluteksamen skriftlig prøve Alle hjælpemidler tilladt Beskrivelse af eksamen: 24-hour written take-home exam Vægtning: 100% 7-trinsskala, ingen censur | ||||||||||||||
| Forudsætninger for indstilling til eksamen | Three homework assigments approved by the instructor. | ||||||||||||||
| Rammer for Undervisning | The teaching involves lectures, theoretical exercises and home assignments | ||||||||||||||
| Blokplacering | Block 3 Ugestruktur: A | ||||||||||||||
| Undervisningssprog | Engelsk | ||||||||||||||
| Anbefalede forudsætninger | Knowledge of first year Micro Economics and Mathematics is assumed. | ||||||||||||||
| Begrænset deltagerantal | none | ||||||||||||||
| Kursusindhold | |||||||||||||||
| This course explores the theoretical foundations of International Trade. The course focuses on why nations trade, what they trade, and how free trade can be beneficial or detrimental to trading countries. We will also discuss what governments can do to influence trade flows and how government policy can be used as a strategic tool by a country to achieve its own international objectives; the political debate surrounding such policies are also surveyed. The topics covered in the course include: - Classical trade theories - Theories of trade with imperfect competition - Trade policy theory - The political economy of trade | |||||||||||||||
| Undervisningsform | |||||||||||||||
| The teaching is based on lectures combined with small exercises that introduce the students to the central elements of the curriculum of international economics. In following theoretical exercises the students will work more intensively in groups with both practical and theoretical problems. Parts of the curriculum will be left for the students to study by themselves with support from the instructor as needed. Although students are encouraged to work together in groups, all students are required to submit their own individual, non-identical, home assignments for approval. A typical student will initially work in a group but then complete homework assignments, interpret the results of a theoretical model, or summarize an applied analysis with their own unique words in their own written report. | |||||||||||||||
| Målbeskrivelse | |||||||||||||||
| The course introduces theories of international trade and their application. We study models of why countries trade and explore why governments may restrict free trade. After completing this course a student should be able to: -Knowledge . identify and distinguish between different international trade models by their assumptions . describe and compare the main features and results of the different models -Skills . derive comparative statics within the economic models of international trade covered in the course . explain the outcome of comparative statics in terms of model mechanics and assumptions -Competencies . apply relevant economic theories to real world issues. This involves i) setting up an economic model applicable to the real world issue; ii) conducting relevant analyses (comparative statics) within the model; and iii) interpreting the results in terms of real world concepts and providing policy conclusions/recommendations . evaluate the applicability of different economic models for analysing specific real world issues | |||||||||||||||
| Litteraturhenvisninger | |||||||||||||||
| An intermediate International Economics textbook to be announced 4 weeks prior to the first lecture. Readings: The course may also cover a selection of The Economist, and New York Times articles to be provided by the instructor. | |||||||||||||||
| Kursusansvarlig | |||||||||||||||
| Kenneth Thomas Baltzer, kb@foi.ku.dk, Fødevareøkonomisk Institut/Faggruppe for International Økonomi og Politik, Tlf: 353-36852 | |||||||||||||||
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| Studienævn NSN | |||||||||||||||
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