Course content

The course offers advanced analyses of trade issues and covers some economic challenges for a small open economy. New topics within international trade as well as economic geography are central in the course.

Learning outcome

Knowledge

You learn

• theoretical models for different reasons for international trade
• possible connections between factor endowments and international trade
• how trade between poor and rich countries emerge, and what the consequences of such trade are
• models of new economic geography and clusters of economic activity
• conduct empirical tests of different hypothesis within international trade

Skills

You should be able to

• understand and explain different reasons of international trade
• discuss potential advantages and disadvantages of international trade
• analyze how rich and poor countries may be differently affected by international trade
• analyze what determines the location of firms and what consequences such location decisions may have on regions and countries
• develop empirical tests of different hypothesis of international trade

General competence

You should be able to

• read and understand reports and research articles dealing with issues discussed in the course
• use the content of the course in your own academic work like your master thesis

Learning methods and activities

4 hours of lectures every week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term. The term papers can be written as a joint project. The course is an optional master's course, and is not taught every autumn semester. Check www.ntnu.edu/econ.

Students enrolled in ISØ's master programs can take the course any semester. Contact the department (kontakt@econ.ntnu.no) to get access to learning resources in Blackboard.

Compulsory assignments

• Obligatory course work

Recommended previous knowledge

Compulsory courses in Master of Science in Economics

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions