On this course, you will gain deeper understanding of how the global allocation of resources and technologies creates incentives for trade and labour. You will examine different models for international trade such as the Ricardo model and the Heckscher-Ohlin model, learning about the causes of different outcomes in the models. You will also use them to evaluate the impact from different kinds of trade policy. Trade under imperfect competition is also examined, as are migration, the movement of capital, outsourcing and trade policies. You will become aware of the importance of economics in the process of social development, as well as the responsibility associated with the use of economic tools and the ethical aspects of economic research.
The curse is taught through lectures, but some individual or group work may also be required; assessment is through written examination.