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International Trade

Code: 102475
Credits: 6
2026/2027
Degree programme Type Course
Economics OP 3
Economics OP 4
Contemporary History, Politics and Economics OP 3
Contemporary History, Politics and Economics OP 4

Contact lecturer

Name :
Javier Fernandez Blanco
Email :
javier.fernandez@uab.cat

Teaching staff

Dragan Filipovich Zachrisson

Group languages

You can consult this information at the end of the document.

Prerequisites

Recommended UAB courses (for UAB students): Mathematics I, Mathematics II, Microeconomics I, Microeconomics II, International Economics

Recommended general (for exchange students): courses on intermediate economic theory and knowledge of basic mathematic tools

Objectives

The course covers the main theoretical models on international trade. The course aims at:

1. Developing the concept of comparative advantage as a key aspect for commerce.

2. Understanding the role of the endowment of factors for the development of international trade.

3. Analysing the behaviour of firms regarding the opportunities and challenges that trade presents in a globalised world.

4. Understanding the different mechanisms available to governments to regulate international trade.

5. Studying the logic of political decisions in terms of international trade and their economic and political impact.

Learning outcomes

  1. Identify comparative advantages.
  2. Find trade patterns according to comparative advantages.
  3. Recognise the groups of agents that benefit from trade and the groups of agents that are harmed by international trade.
  4. Analyse the impact of a change in resources on international trade, and incorporate the relationship between growth and international trade.
  5. Consider the impact of different commercial policies (fees, duties, subsidies, etc.) on international equilibrium.
  6. Convey the diversity of products with imperfect competition and returns to scale.
  7. Analyse the balance, in terms of welfare, of different commercial policies.
  8. Recognise the role of history and/or foreign economies on trade patterns.
  9. Convey the structure of political institutions with trade policies.
  10. Understand the main aspects behind the choice of an exchange-rate regime.
  11. Analyse a Balance of Payment.
  12. Make decisions in situations of uncertainty and show an enterprising and innovative spirit.
  13. Organise work, in terms of good time management and organisation and planning.
  14. Demonstrate initiative and work independently when required.
  15. Work as part of a team and be able to argue own proposals and validate or refuse the arguments of others in a reasonable manner.
  16. Lead multidisciplinary and multicultural teams, implement new projects, coordinate, negotiate and manage conflicts.
  17. Capacity to adapt to changing environments.
  18. Use available information technology and be able to adapt to new technological settings.
  19. Students must have and understand knowledge of an area of study built on the basis of general secondary education, and while it relies on some advanced textbooks it also includes some aspects coming from the forefront of its field of study.
  20. Students must be capable of applying their knowledge to their work or vocation in a professional way and they should have building arguments and problem resolution skills within their area of study.
  21. Students must be capable of collecting and interpreting relevant data (usually within their area of study) in order to make statements that reflect social, scientific or ethical relevant issues.
  22. Students must be capable of communicating information, ideas, problems and solutions to both specialised and non-specialised audiences.
  23. Students must develop the necessary learning skills in order to undertake further training with a high degree of autonomy.
  24. Demonstrate capacity to adapt to changing environments.
  25. Organise work in relation to good time management and planning.
  26. Demonstrate initiative and the capacity to work autonomously when the situation requires.
  27. Identify classical and modern theories of international commerce and the associated empirical evidence.
  28. Recognise the determining principles in business internationalisation processes.
  29. Understand the main indicators of competitivity in countries.
  30. Identify the links that condition relations of international free trade and, in general, limit the globalisation process.
  31. Identify the determining factors in direct foreign investments and international migration as well as their socio-economic impact in the country of origin and destination.
  32. Relate theories and institutions to international trade regulation.
  33. Identify comparative advantages.
  34. Use of the available information technology and adaptation to new technological environments.

Contents

PART I: THEORY ON INTERNATIONAL TRADE


1. Absolute and comparative advantage. The Ricardian model


2. The specific factors model and the distribution of income


3. Initial endowments and trade. The Heckscher-Ohlin model. The Stolper-Samuelson theorem


4. Firms’ behaviour in front of international trade


PART II: POLICIES AND INSTRUMENTS IN INTERNATIONAL TRADE


5. Tariffs and other instruments of international trade


6. International trade policies


7. An introduction to the role of the exchange rate

Learning activities and methodology

Title Hours ECTS Learning outcomes
Problem sets and other activities 17 0.68 1, 2, 3, 4, 5, 6, 7, 8, 12, 13, 14, 15, 16, 17, 18
Classes with the main instructor 32.5 1.3 1, 2, 3, 4, 5, 6, 7, 8
Office hours 2.5 0.1 1, 2, 3, 4, 5, 6, 7, 8, 12, 13, 14, 15, 16, 17, 18
Problem solving and preparation of activities 30 1.2 1, 2, 3, 4, 5, 6, 7, 8, 12, 13, 14, 15, 16, 17, 18
Study 53 2.12 1, 2, 3, 4, 5, 6, 7, 8, 13, 14, 18

Combination of both theoretial and practical approaches, including: theoretical lectures, supervised study, problem solving, preparation of individual and group activities and presentations, and office hours follow-up.

The proposed teaching methodology may undergo some modifications according to the restrictions imposed by the health authorities on on-campus courses.

Annotation: within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.

Assessment

Continuous assessment activities

Title Weight Hours ECTS Learning outcomes
Other evaluation activities 40% 10 0.4 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34
Exams 60% 5 0.2 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 27, 28, 29, 30, 31, 32, 33

The course evaluation will consist in several evaluative activities. These activities and their share on the final grade are:

60% exams + 20% group activities + 20% individual activities

To pass the course, you must obtain a grade of 4/10 on the weighted average of the mid-term exams. If this mark is not obtained, students will be able to take an exam that will include the entire syllabus of the course and will also have to obtain a 4/10. If you do not reach it in this exam either, you will not pass the course (if the average of the other activities makes the weighted mark exceed 5, the record will show 4.9 - no pass). Students with a grade of 4 or higher may be also eligible (prior approval of the professor) for this whole-syllabus exam if they wish to improve their grade.

If applying the above mentioned weights the qualification of the student is 5/10 or higher, the course is considered passed and this will not be subject to a new evaluation. In the case of a grade less than 3.5/10, the student will not pass the course. For those students who have obtained a grade that is equal to or greater than 3.5/10 and less than 5/10, there will be a retake exam. The retake exam grade will be qualitative and will only have two possible outputs: PASS or NO PASS. If the student obtains a PASS grade, they will pass the course with a numerical grade equal to 5/10. If the student gets a NO PASS score, the final grade will be equal to the one obtained before the retake exam.

A student is considered to be \"Not evaluated\" for the subject if he/she has not participated in any of the course activities. Therefore, if a student attends one or more evaluation, he/she can no longer opt for a \"Not evaluated\".

Those students who take the course for the second, third or fourth time have the option to follow the continuous evaluation (see weights above) or to just solve the final exam, in which case the exam's result willbe the final grade (100% of the evaluation).

Calendar of evaluation activities

The dates of the evaluation activities (midterm exams, exercises in the classroom, assignments, ...) will be announced well in advance during the semester.

The date of the final exam is scheduled in the assessment calendar of the Faculty.

\"The dates of evaluation activities cannot be modified, unless there is an exceptional and duly justified reason why an evaluation activity cannot be carried out. In this case, the degree coordinator will contact both the teaching staff and the affected student, and a new date will be scheduled within the same academic period to make up for the missed evaluation activity.\" Section 1 of Article 264. Calendar of evaluation activities (Academic Regulations UAB).

Students of the Faculty of Economics and Business, who in accordance with the previous paragraph need to change an evaluation activity date must process the request by filling out an Application for exams' reschedule: e-Formulari per a la reprogramació de proves.

Grade revision process

After all grading activities have ended, students will be informed of the date and way in which the course grades will be published. Students will be also be informed of the procedure, place, date and time of grade revision following University regulations.

Retake Process

\"To be eligible to participate in the retake process, it is required for students to have been previously been evaluated for at least two thirds of the total evaluation activities of the subject.\" Section 2 of Article 261. The recovery (UAB Academic Regulations). Additionally, it is requiredthat the student to have achieved an average grade of the subject greater than or equal to 3.5 and less than 5.

The date of the retake exam will be posted in the calendar of evaluation activities of the Faculty. Students who take this exam and pass, will get a grade of 5 for the subject. If the student does not pass the retake, the grade will remain unchanged, and hence, student will fail the course.

Irregularities in evaluation activities

In spite of other disciplinary measures deemed appropriate, and in accordance with current academic regulations, \"in the case that the student makes any irregularity that could lead to a significant variation in the grade of an evaluation activity, it will be graded with a 0, regardless of the disciplinary process that can be instructed. In case of various irregularities occur in the evaluation of the same subject, the final grade of this subject will be 0\". Section 11 of Article 266. Results of the evaluation. (UAB Academic Regulations).

COMPREHENSIVE EVALUATION (Art. 265 of the UAB Academic Regulations)

By requesting the comprehensive evaluation the student waives the option of continuous evaluation.

The comprehensive evaluation must be requested at the Academic Management (Gestió acadèmica) of the Campus where the degree/master's degree is taught. The request must be filed according to the procedure and the deadline established by the administrative calendar of the Faculty of Economics and Business.

Attendance :

  • Student attendance is mandatory on the day of the comprehensive assessment. The date will be the same as that of the final exam of the semester as per the evaluation calendar published by the Faculty of Economics and Business and approved by the Faculty's Teaching and Academic Affairs Committee. The duration of the comprehensive assessment must be specified in the characteristics of such activity.
  • 100% of the evaluation evidences must be handed in by the student on the day of the comprhensive assessment.
  • The evaluation evidences carried out in person by the student on the same day of the comprehensive assessment must have a minimum weight of 70%.

There will be a unique examination (in-person) including all the materials min the course and rwhich will represent 100% of the grade of the course.

For the retake procedure, no distinction is made between students who have followed the continuous evaluation and those who have opted for the comprehensive evaluation. All will be re-assessed using the same test or evaluation evidence.

The review of the final qualification will follow the same procedure as for the continuous evaluation.


The completion of assessment activities is subject to the provisions set out in this course guide and in the "Policy of the School of Economics and Business on the Detection of Irregularities during Assessment Activities", which regulates the conditions under which assessment tasks are conducted and the procedures applicable in cases where indications of irregularities are detected. Students are encouraged to consult the policy.

Bibliography

Main texts:

International economics: Theory and policy
Krugman, Obstfeld and Melitz
Pearson, 2018 (11th edition)

International trade
Feenstra and Taylor
Macmillan Higher Education, 2020 (5th edition)

Software

No specific software requirements.

Course groups and languages

The information provided is provisional until November 30. After this date, you will be able to consult the language of each group through this link. To access the information, you will need to enter the course CODE

Type of teaching Group Language Semester Shift
(TE) Theory 51 Catalan/Spanish first semester afternoon
(PAUL) Classroom practices 51 Catalan/Spanish first semester afternoon