This course provides an analysis of the theories of international trade, the labor movement (migration), the movement of firms (FDI) and trade in intermediate goods (outsourcing). It also analyzes trade policy and the operation of the main instruments of this policy.
The first part of the course presents business models that explain why countries trade and what gains from trade. Some of the models examined include the Ricardian model and the Heckscher-Ohlin and the new trade theories based on economies of scale and imperfect competition and outsourcing of goods and services.
The second part of the course deals with trade policy. Specifically, it discusses the implementation of tariffs and import quotas and export subsidies, in perfect competition as a market structure with imperfect competition. We study the effect of these instruments on the welfare of the countries involved.
Finally, the course ends with a discussion of international trade agreements and their implications in areas such as the volume of trade, labor rights and the environment.
(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.