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The University of Southampton

ECON6057 International Trade

Module Overview

The module will cover the factors underlying the movement of flows of goods and services, people and capital across borders.

Aims and Objectives

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Formulate and approximately solve equilibrium trade models;
  • Formulate theoretical conjectures in terms of appropriate statistical models for estimation and testing
  • Understand where and why the state-of-the-art is in international trade;
  • Understand the strengths and weakness of different types of trade data;
  • Interpret and evaluate the results of econometric analysis in a range of contexts.


The topics to be covered include: - Comparative advantage and the gains from trade; theories of comparative advantage; - Factor price equalisation and the relationship between relative prices and factor prices; - Factor endowments, the international location of production and patterns of international trade; - Trade policy, and its implications for the movement of people and capital.

Learning and Teaching

Teaching and learning methods

The lectures will develop the theoretical content and its application, setting some time aside for applying the concepts and methods covered to current problems.

Independent Study80
Total study time100

Resources & Reading list

Other. There is no single textbook suitable for this course. Full details of references to textbooks and_x000D_ journal articles or working papers will be provided at the beginning of the course. Detailed course information is available through Blackboard.


Assessment Strategy

Assessment in this module will be in form of one coursework in form of a problem set during the semester to be solved in groups (10% of the final mark), continuous successful participation in activities (such as quizzes, discussions, problem solving) in the lectures (10%) and an end of semester take-home assignment (80%). This will be accompanied by continuous formative assessment. This will be accompanied by continuous formative assessment in form of problem sets. This is the same for internal repeat. Assessment for external repeat and referral is through end of semester take-home assignment only.


MethodPercentage contribution
Assignment 80%
Coursework 10%
Participation 10%


MethodPercentage contribution
Assignment 100%


MethodPercentage contribution
Assignment 100%

Repeat Information

Repeat type: Internal & External


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Books and Stationery equipment

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase reading texts as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

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