I/05 Foundational Courses

Foundational Assumptions of Trade Policy Analysis I

The purpose of this lecture is to introduce MILE students to some of the foundational assumptions underlying the economic analysis of trade theory and policy. It is meant as an early introduction to the two weeks of lectures devoted to international trade theory taught in the Second Term.
Key issues covered in the lecture include: the relationship between income and the trade balance; why trade policy should primarily be seen as an instrument of micro-economic adjustment; trade, welfare and allocative efficiency; the distributional consequences of trade liberalization; common fallacies in trade policy debates; the underlying assumptions of the Ricardian model of comparative advantage and the key theoretical evolutions – and concomitant policy insights – deriving from two centuries of refinements to Ricardian analysis.

Global Political Economy
This course provides an introduction into the field of international relations and international political economy. In the first part, the course discusses various theories, analytical frameworks and research programmes with a special emphasis on cooperation and the role of international organizations in economic governance. It the second part, selected research areas are discussed, such as the effects of economic globalization, the role on non-state actors and developing countries

Semester long courses in law, economics and global political economy are not open to the public.