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Course Description
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Course Name
International Economics
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Host University
Universidade Católica Portuguesa
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Location
Lisbon, Portugal
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Area of Study
Economics, International Economics
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Language Level
Taught In English
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Prerequisites
Students should have attended an intermediate microeconomics course.
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Course Level Recommendations
Upper
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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ECTS Credits
7.5 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units5
Hours & Credits
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Overview
Course overview and objectives:
This course focuses on international trade theory and its applications. We discuss economic incentives for the existence of international trade and of factors’ movement. We study the pattern of trade and the effects of trade and of trade policy instruments on relative prices, volume of trade, income distribution and economic welfare. Standard models are used to address these issues. Students are supposed to get knowledge on how trade models work and the mechanisms they describe. They should also be able to choose the most suitable model to answer specific questions and to discuss issues related to international trade and factor movements. ____________________________________________________________________________
Course Content:
1. Introduction
2. Labor Productivity and Comparative Advantage
3. Input Endowments and Comparative Advantage
4. Basic (classical) Model for International Trade
5. Economies of Scale; Imperfect Competition and International Trade
6. International Factor Movements
7. Trade Policy
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