Competencies and objectives


Course context for academic year 2019-20

International Trade is a 6 ECTS credit subject included in the first term in the third year of the Economics BA Degree. It gives continuity to the subjects Introduction to Microeconomics and Intermediate Microeconomics which form part of the first year.

Nowadays we observe how economies are increasingly opened and frontiers become more and more diffuse. An important part of goods and services produced in a country cross borders to be sold in other countries. Similarly an important part of goods and services we buy have very different geographical origins. Furthermore, capital and, to a lesser extent, labour move almost freely in an increasingly globalized world. Hence, it becomes necessary to re-examine Microeconomics to understand the performance of our open economies.

The main aim of the subject is to provide an analytical framework for understanding the open economies of our time, in a way that allow students to expand their knowledge on the causes and consequences of international exchanges.

The subject is organized in three parts. The first part deals with the usual models of international trade, paying special attention to the role played by economies of scale -internal and externals. Thereafter the effects on location and spatial organization of economic activities are analysed, once international mobility of factors -labour and capital- have been considered. Finally, the subject ends with the study of trade policy and economic integration.



Course content (verified by ANECA in official undergraduate and Master’s degrees) for academic year 2019-20

General Competences (CG)

  • CG5 : Capacitat per a la presa de decisions aplicant els coneixements a la pràctica.
  • CG8 : Analitzar els problemes amb raonament crític, sense prejudicis, amb precisió i rigor.
  • CG9 : Capacitat de síntesi.


General Competences acquired at University of Alicante (CGUA)

  • CGUA1 : Llegir i comunicar-se en l'àmbit professional en un idioma estranger, especialment en anglès.
  • CGUA3 : Capacitat de comunicació oral i escrita.


Specific Competences (CE)

  • CE1 : Contribuir a la bona gestió de l'assignació de recursos tant en l'àmbit privat com en el públic.
  • CE10 : Tenir la capacitat per a aplicar el coneixement i les aptituds adquirides en la solució de problemes econòmics teòrics i aplicats.
  • CE11 : Habilitats analítiques per al desenvolupament de marcs teòrics que simplifiquen l'estudi de l'economia real i capacitat per a establir els nivells d'abstracció adients per a l'estudi de les diverses qüestions econòmiques.
  • CE12 : Ser capaç d'utilitzar les eines adequades per a analitzar, diagnosticar i solucionar qüestions i problemes de caràcter econòmic.
  • CE2 : Identificar i anticipar problemes econòmics rellevants en relació amb l'assignació de recursos en general, tant en l'àmbit privat com en el públic.
  • CE3 : Aportar racionalitat a l'anàlisi i a la descripció de qualsevol aspecte de la realitat econòmica.
  • CE4 : Avaluar conseqüències de diferents alternatives d'acció i seleccionar les millors atenent els objectius.
  • CE9 : Entendre les institucions econòmiques com a resultat i aplicació de representacions teòriques o formals sobre com funciona l'economia.




Learning outcomes (Training objectives)

  • To use analytic reasoning to broach and solve economic problems.
  • To understand the reasons why international commerce is beneficial for all the countries concerned and, in particular, the theory of comparative advantage.
  • To understand the new commercial models in which production technologies employ economies of scale.
  • To understand the implications of international mobility of production factors.
  • To understand the implications of commercial policy and of economic integration processes.
  • To understand the role of uncertainty in decision making.
  • To understand the interaction between the different markets of an economy and the concept of general equilibrium and efficiency in the allocation of resources.
  • To understand the role of the state in the presence of externalities and public goods.



Specific objectives stated by the academic staff for academic year 2019-20

  • To use analytical reasoning to confront economic problems and solve them.
  • To understand the reasons and conditions under which international trade can be mutually beneficial to the countries engaged in it, as well as the strong effects on the distribution of income caused by international exchanges.
  • To understand the effects on international trade resulting from the existence of economies of scale and external economies.
  • To understand the location decisions of the firms and their consequences when international factors mobility is possible.
  • To understand the effects of trade policy and economic integration.




Code: 35020
Lecturer responsible:
Credits ECTS: 6,00
Theoretical credits: 1,50
Practical credits: 0,90
Distance-base hours: 3,60

Departments involved

    Theoretical credits: 1,5
    Practical credits: 0,9
    This Dept. is responsible for the course.
    This Dept. is responsible for the final mark record.

Study programmes where this course is taught