Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

International Trade ECON4018

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 15
  • Level: Level 4 (SCQF level 10)
  • Typically Offered: Semester 2
  • Available to Visiting Students: Yes
  • Available to Erasmus Students: Yes

Short Description

This course provides students with a basic foundation in international trade. The first part of the course deals with trade issues assuming perfectly competitive markets, before going on to consider trade models that assume imperfect competition. Students will consequently be able to analyse current issues in international trade, including trade policy, with reference to different trade paradigms. The final part of this course examines issues related to economic geography. Students should take this course since it provides them with an exposition of key issues in international trade and related policy issues.


Lectures: Monday, 4.00pm - 6.00pm (10 x 2-hour lectures)

Additional 1.5 hour revision lecture outside normal teaching hours

Requirements of Entry

Entry to an Honours programme in Economics or a minimum grade C3 (average) in Economics 2A and 2B for students taking an Honours programme in another subject.


In course exam 24 hour online (50%) and a 2-hour degree examination (50%)

ILO (covered)



Word Length/Duration


In course exam


24 hour online

Main Assessment In: April/May

Are reassessment opportunities available for all summative assessments? Not applicable

Reassessments are normally available for all courses, except those which contribute to the Honours classification. For non Honours courses, students are offered reassessment in all or any of the components of assessment if the satisfactory (threshold) grade for the overall course is not achieved at the first attempt. This is normally grade D3 for undergraduate students and grade C3 for postgraduate students. Exceptionally it may not be possible to offer reassessment of some coursework items, in which case the mark achieved at the first attempt will be counted towards the final course grade. Any such exceptions for this course are described below. 

Course Aims

The aims of this course are:

1. to present real world policy problems within a coherent theoretical framework;

1. to present an analysis of how the international economy works in terms of trade;

1. to set out a coherent framework within which trade policy can be analysed.

Intended Learning Outcomes of Course

By the end of this course, students should be able to:

1. demonstrate an ability to analyse current issues in international trade, with reference to different models of international trade;

1.  demonstrate an ability to critically assess trade policy,

1.  demonstrate an ability to select and appropriately deploy general theoretical principles to address practical issues and problems.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.