International Trade and Investment

This module provides a critical overview of theoretical, empirical and policy issues relating to international trade and investment. It provides an introduction to the main theories of international of international trade, including standard neoclassical free trade approaches and more recent theories addressing imperfect competition, economies of scale, national competitiveness issues, and managed trade. It also discusses topics in international trade such as the effects of trade on income distribution and poverty, the debate about import substitution and trade protection, and alternative approaches to trade policy. Moreover, it analyses drivers of international factor movements, foreign direct investment, and the role of multinational corporations.
Having successfully completed this module, students should be able to demonstrate
knowledge and understanding of:
• Key concepts and practical applications of both international trade and investment
• Modern firm-based trade theories