Course Description

Course Name

International Trade

Session: VSOS3221

Hours & Credits

3 Credits

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.


Course Description
This is an introductory course on the economics of international trade and investment. We will emphasize both the intuition behind key ideas as well as some simple ways of demonstrating them with the help of models. Equipped with those, we will analyze current policy questions throughout the course.
Key issues in the course will be:


  • The Gains from Trade
  • What Explains the Pattern of Trade and Factor Movements
  • Trade Policy and Protectionism
  • Foreign Direct Investment
  • Globalization: Winners and Losers

Required Reading


  • Robert Feenstra and Alan Taylor (abbreviated as FT), International Economics, 2008, Worth Publishers. You can also buy the trade part of the book (Chapters 1 to 11).
  • Paul Krugman and Maurice Obstfeld (abbreviated as K&O), International Economics. Theory and Policy, 8th ed., Harper Collins: 2008.
  • Regular reading of The Economist weekly magazine, so that you are on top of major current international economic issues. Some of these issues will be discussed in class. All of these issues are relevant material for possible test questions.

*Course content subject to change