University of Otago
Dunedin, New Zealand
Area of Study
Economics, International Economics, International Trade
Taught In English
ECON 201 or ECON 271
Course Level Recommendations
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.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
A theoretical and applied approach to explaining the pattern of international trade and the effects of government interventions through international trade policy.
This course introduces the main concepts relating to the international trading system and its institutions, and reviews both traditional perspectives and important recent developments in international trade theory. Emphasis is placed on using theory to interpret trade data and to analyse the motivations behind existing trade policies and institutions. In particular, we aim to understand the welfare gains from trade, what accounts for observed patterns of trade, and who benefits from various trade policies. Special attention is also given to protectionist trade policies and the political economy of protection, as well as the merits and drawbacks of bilateral trade negotiations.
After completing the course, the successful student will be able to:
-Determine the different advantages and costs of international trade from the various viewpoints of modern trade theory
-Identify and interpret important links between the dominant trade theories, as well as their respective limitations
-Apply modern trade theory in analysing related policy questions, including the effects of trade barriers and industry protection, and conditions that yield the highest potential gains from trade
-Understand the structure and politics of international trade negotiations and associated institutions such as the WTO
-Communicate relevant economic critiques of trade policy and identify many common nonsense arguments
Most of the readings for this paper will come from:
Robert Feenstra & Alan Taylor, International Trade 3rd ed. (Worth Publishers, 2014)
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.