105.623 International Trade Theory and Policy 1
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2020S, VO, 2.0h, 3.0EC
TUWEL

Properties

  • Semester hours: 2.0
  • Credits: 3.0
  • Type: VO Lecture

Learning outcomes

After successful completion of the course, students are able to

  • present the economic effects of free trade, its restrictions and various trade policy measures and
  • interpret, assess and compare results from various applied models, both in terms of their assumptions and limitations and the effects shown, quantitatively and qualitatively.

Subject of course

The following issues in international trade theory and policy will be dealt with in the course:

1. Introduction to the basic questions and problems;
2. Labor Productivity and Comparative Advantage: The Ricardian Model;
3. Specific Factors and Income Distribution;
4. Resources and Trade: The Hechscher-Ohlin Model;
5. The Standard Trade Model;
6. Economies of Scale, Imperfect Competition, and International Trade;
7. International Factor Movements;
8. The Instruments of Trade Policy;
9. The Political Economy of Trade Policy;
10. Trade Policy in Developing Countries;
11. Controversies in Trade Policy.

Teaching methods

Methodologically, the course is strongly based on microeconomic concepts. These are in particular analyses based on market supply, demand and market equilibrium concepts and related consumer and producer surplus calculations. Furthermore, neoclassical utility and production functions are introduced which are used within the framework of general equilibrium models. Based on this simple model calculations are created and presented.

Mode of examination

Written

Lecturers

Institute

Course dates

DayTimeDateLocationDescription
Tue09:00 - 11:0003.03.2020 - 10.03.2020Sem.R. DA grün 05 105.623
International Trade Theory and Policy 1 - Single appointments
DayDateTimeLocationDescription
Tue03.03.202009:00 - 11:00Sem.R. DA grün 05 105.623
Tue10.03.202009:00 - 11:00Sem.R. DA grün 05 105.623

Examination modalities

written exam

Exams

DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Tue15:00 - 17:0024.11.2020EI 10 Fritz Paschke HS - ETIT written10.11.2020 12:00 - 17.11.2020 23:59TISSPrüfung November
Tue10:00 - 12:0026.01.2021HS 11 Paul Ludwik written12.01.2021 12:00 - 19.01.2021 23:59TISSPrüfung Jänner

Course registration

Not necessary

Curricula

Literature

No lecture notes are available.

Miscellaneous

Language

English