Economics: Trade Theory

Education facts

Code: NEKH72

<p>The course deals with the mechanisms behind and the effects of international trade. To begin with, the gains from trade, as well as a few key results relating to trade policy, are derived under the assumptions of a generic neoclassical general equilibrium model.</p> <p>Then a few specific varieties of that standard model are utilised to highlight effects of differences in technology and factor endowments between trading countries on trade flows as well as incomes and their distribution. In this context, claims about the effects of trade liberalization on inequality and poverty are analysed.</p> <p>The course also gives an introduction to more recent developments in trade theory (taking imperfect competition, product differentiation and increasing returns to scale into account) which add other explanations for trade and its effects as well as a perspective on the role of multinational corporations.</p>

Entry requirements

General and at least 20 ECTS basic economics, of which at least 7.5 ECTS basic microeconomics. (A course in basic international economics and Microeconomic Analysis is recommended)

Education offerings

Each offering has its own dates and conditions. Closed offerings are retained as history and do not mean that a new application is open.

• Economics: Trade Theory

  Lund University

  Start date: 31 August 2026

  End date: 1 November 2026

  Pace of study: 50 %