Core Course
EC331 – International Trade
Course Unit Code: EC331
Type Of Unit: Core
Level of Course Unit: First cycle
Year of Study: Third year
Semester: On demand
Number of ECTS Credits: 7.5
Class Contact Hours: 36
Mode of Delivery
Face to Face
Prerequisites
None
Course Objectives
The objective of this course is to provide the skills, knowledge and tools for understanding the gains and losses from international trade and to provide new insights to help students to understand the current debates on trade globalization.
Learning Outcomes
- Define the concept of comparative advantage and explain its effects on trade patterns.
- Describe the impact of international trade on economic outcomes.
- Explain the methodology used by modern economic models to quantify the gains from trade and the effects of changes in trade costs.
- Summarize the main insights obtained by international trade models.
Course Content
Course Features
Planned learning activities and teaching methods
Lectures; in-class discussion and debates; in-class exercises; problem sets; team work
Assessment methods and criteria
20% Class participation (including written class quizzes) and problem sets
30% Midterm
50% Final Exam
Language of Instruction
English
Readings
Textbooks:
1. Krugman, P., Obstfeld, M. and Melitz, M. (2018). International Economics: Theory and Policy, 11th Ed.
Optional textbook:
2. Feenstra, R. and Taylor, A. (2017). International Trade, 4th ed. Husted, S. and Melvin, M. (2000). International Economics, 8th ed.
English (UK) 
Ελληνικά