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International Economics

This course provides an introduction to basic theories of foreign trade and international investments, as well as basic theories of trade policy.

The first part of the course focuses on the motivations for international trade and the consequences of international trade for national economies. The second part of the course focuses on the effects of such politically-determined instruments of trade as tariffs, import quotas and export subsidies. The final part of the course will focus on international trade agreements, and especially on the trade liberalisation that has occurred within the framework of multilateral agreements such as GATT/WTO.

This course is especially suited to students with an interest in working within international organisations, public administration with international ties, or as analysts within international corporations.

  • Course structure

    This is a 7.5 credit course. One week of full-time studies equals 1.5 credits.

    Course material will be available through the learning platform Athena during the course.

    Teaching format

    Instruction is given in the form of lectures. The language of instruction is English.


    The course is examined by a written exam.


    Examiner: Lars Vahtrik

    Course director: Horng Chern Wong.

  • Schedule

    The schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course.
  • Course literature

    Note that the course literature can be changed up to two months before the start of the course.

    Paul Krugman, Maurice Obstfeld and Marc Melitz, International Economics: Theory and Policy, Global Edition (latest edition).

  • Contact

    Course administrator intermediate level
    Academic advisor first level
    Director of studies - first and second level