International Trade

Is globalisation inevitable? And do we all really gain from it?

This course gives you a foundation to understand different approaches to the economics of trade and the tools needed to understand the flows of goods and services between countries. How do we understand international integration all the way up to the present, and understand the balance of payments and how foreign exchange is determined? Discuss classical, neoclassical and Keynesian theories of trade; look at the Ricardian, Hecksher- Ohlin, New Trade Theory and Balance of Payments Constrained Growth Models and policy debates around trade that are discussed by these theories. Engage with the political economy of trade and the historical experience of trade for developing countries.