Courses Catalogue

International Trade Theory

COURSE CODE: BBA 2213
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Business Administration: International Business, B.Sc
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Description

This course is an introduction to international trade and trade policy. It covers the basic theories of comparative advantage, factor endowment and trade patterns, economies of scale and imperfect competition, and reviews different arguments for restrictive trade policies and their partial and general equilibrium impacts.

EXPECTED LEARNING OUTCOMES

By the end of the course unit, students should be able to;

  • Explain the basic facts of international trade theory and the usage of the corresponding models to the analysis of international trade policies.
  • Effectively assess the possible gains from trading internationally.
  • Comprehend and be able to use the various payment instruments available in international trade.
  • Comprehend and work within the various international trade agreements, politics, and institutions that regulate international trade today.