About Course
International Trade – Course Objectives
By the end of this course, students will be able to:
Understand core theories of international trade
Explain classical and modern trade theories such as comparative advantage, absolute advantage, Heckscher–Ohlin, and new trade theory.
Analyze the gains and costs from trade
Evaluate how international trade affects consumers, producers, income distribution, and economic growth.
Examine trade policies and instruments
Assess the impact of tariffs, quotas, subsidies, export restraints, and non-tariff barriers on domestic and global markets.
Understand international trade institutions and agreements
Analyze the roles of the WTO, regional trade agreements (e.g., EU, USMCA), and bilateral trade agreements.
Evaluate the political economy of trade
Understand how interest groups, governments, and global politics shape trade policy decisions.
Analyze trade and development issues
Examine how trade affects developing economies, poverty, inequality, and industrialization.
Interpret trade data and empirical evidence
Use basic trade statistics and empirical tools to analyze global trade patterns and policy outcomes.
Apply trade theory to real-world cases
Critically assess current international trade disputes, globalization debates, and policy challenges.
Develop critical thinking and communication skills
Present trade-related arguments clearly in written and oral form using economic reasoning
