FUNDAMENTALS OF INTERNATIONAL TRADE THEORY COURSE IDENTIFICATION AND APPLICATION INFORMATION
| Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
| UTI118 |
FUNDAMENTALS OF INTERNATIONAL TRADE THEORY |
2 |
3 |
3 |
4 |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
| Explains the importance and basic concepts of international trade. (Bloom 2) |
| It defines classical and modern trade theories, starting with mercantilist doctrine. (Bloom 2) |
| It analyzes the profits obtained from trade in two-country and two-good models. (Bloom 4) |
| Compares the Heckscher–Ohlin theorem and imperfect competition approaches. (Bloom 4) |
| Evaluates interventionist foreign trade policies and the balance of payments within a theoretical framework. (Bloom 5) |