International Trade and Economics (full University Course) from Udemy

International Trade Theory is a university course developed over 17 semesters at a top university in South Korea. It is a course perfect for anyone interested in gaining an increased understanding of international trade and economics or for those students pursuing further study in these fields.

This course covers prominent trade models and discusses their role in international trade today. The focus of this course is not on math applications or graphs. Rather, we consider how perspectives on international trade have changed over time and how international trade continues to change today.

International Trade Theory is an introduction to international economics. The focus will be on understanding macro and microeconomic theory and applying them to the modern world. This course will be a combination of lectures and individual study from the textbook which comes free (pdf) as part of this course.

Course Objectives

1. To develop an understanding of economics.

2. To explore economic theory in today’s business world.

3. To examine changes in trade theory since the 16th century.

Here is an outline of the seven chapters contained in this course:

1. The Global Economy

2. Multilateral Institutions

3. Trade Theory from the 16th Century to David Ricardo

4. The Heckscher-Ohlin Trade Model

5. New Trade Theory

6. Tariffs and Quotas

7. Commercial Policy

So what do you get by purchasing this course?

Included in this course is a course textbook (pdf), 7 lectures of approximately 1-hour in length each, and 7 review question answers in video format.

What's inside

Learning objectives

Explorin international trade models
Learning the role of multilateral institutions in trade and economics

Understanding the role of tariffs and quotas in the world today
Examining commercial policy and how it is used

Explorin international trade models
Learning the role of multilateral institutions in trade and economics
Understanding the role of tariffs and quotas in the world today
Examining commercial policy and how it is used

Syllabus

This lecture accompanies "Chapter 4- The Heckscher-Ohlin Trade Model" from our textbook.

Gain a greater understanding of international trade through reading the textbook.

This is the coursebook we will be using as the basis for our lectures for every unit!

This lecture accompanies "Chapter 1- The Global Economy" from our textbook.

These are the answers to the review questions.

This lecture accompanies "Chapter 2- Multilateral Institutions" from our textbook.

This lecture accompanies "Chapter 3- Trade Theory from 16th Century to David Ricardo" from our textbook.

This lecture accompanies "Chapter 5- New Trade Theory" from our textbook.

This lecture accompanies "Chapter 6- Tariffs and Quotas" from our textbook.

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Explores prominent trade models and their role in international trade, which is highly relevant for students pursuing further study in economics and related fields

Examines changes in trade theory since the 16th century, offering a comprehensive historical perspective that can add depth to understanding modern economic issues

Combines lectures with individual study from a free textbook, providing a multi-modal learning experience that can cater to different learning styles and preferences

Focuses on understanding macro and microeconomic theory and applying them to the modern world, which develops core skills for analyzing current economic events

Requires students to read a textbook, which may pose a barrier to some learners who prefer video-based learning or do not have access to the textbook

Does not focus on math applications or graphs, which may be a dealbreaker for learners who prefer a quantitative approach to understanding international trade

Reviews summary

University-level international trade and economics

According to learners, this course offers a solid foundational understanding of international trade theory and economics, making it a great introduction for beginners or those needing a theoretical background. The provided textbook is frequently mentioned as an excellent and essential resource. While many appreciate the clear explanations of historical and modern trade models, some reviewers note that the lectures can feel a bit dry and that the course lacks depth in modern applications and quantitative analysis, making it potentially too basic for students with prior knowledge or those seeking practical skills. The course focuses heavily on theory, aligning with its description, which is seen as a strength for foundational learning but a weakness for those expecting practical insights.

Instructor delivery is clear but sometimes dry.

"The instructor is knowledgeable, but the lectures can be a bit dry."

"While clear, the lecture delivery isn't the most engaging."

"I appreciated the clear structure, but wished the lectures were more dynamic."

Strong emphasis on historical theory.

"The course focuses heavily on historical trade models and theory."

"It's very theoretical, which aligns with the description."

"Good for understanding where trade theory came from."

The included textbook is highly valuable.

"The PDF textbook provided is excellent and really complements the lectures."

"I found the textbook to be the most useful part of the course."

"Having the full textbook made a big difference in understanding the material."

Provides a strong theoretical base in trade.

"This course gave me a really solid foundation in international trade theory."

"It's a great starting point if you are completely new to the subject."

"I feel I understand the core concepts much better after taking this course."

Too basic for intermediate learners.

"If you already know the basics of economics, this might be too simple."

"I was hoping for more in-depth analysis and application."

"This is strictly an introduction; don't expect advanced concepts."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in International Trade and Economics (full University Course) with these activities:

Review Microeconomics Principles

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Reinforce your understanding of fundamental microeconomic concepts, which are essential for grasping international trade theories.

Browse courses on Microeconomics

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Review key concepts like supply, demand, and market equilibrium.
Practice problems related to elasticity and consumer surplus.

Read 'Open Borders: The Science and Ethics of Immigration'

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Expand your understanding of the broader economic implications of globalization, including labor mobility and immigration policies.

View Open Borders on Amazon

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Read the book, focusing on the economic arguments presented.
Reflect on how open border policies might affect international trade.

Write a blog post on the impact of tariffs

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Solidify your understanding of tariffs and their effects by explaining them in a clear and concise manner for a general audience.

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Research different types of tariffs and their impacts.
Outline the blog post with an introduction, body, and conclusion.
Write the blog post, using clear and accessible language.
Edit and proofread the post before publishing.

Three other activities

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Show all six activities

Create a presentation on the WTO

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Research and present on the World Trade Organization (WTO), its functions, and its role in international trade.

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Research the history, structure, and functions of the WTO.
Prepare a presentation outlining the WTO's key activities.
Include examples of successful and unsuccessful WTO negotiations.
Practice the presentation to ensure a smooth delivery.

Read 'International Economics' by Paul Krugman

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Deepen your understanding of international economics with a widely used and respected textbook.

View International Economics: Theory and Policy, 9th... on Amazon

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Read the chapters relevant to the course syllabus.
Work through the examples and practice problems.
Compare and contrast the book's explanations with the course lectures.

Analyze a recent trade agreement

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Apply the concepts learned in the course to a real-world trade agreement, such as USMCA or CPTPP, to understand its potential impacts.

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Choose a recent trade agreement to analyze.
Research the agreement's provisions and goals.
Analyze the potential economic impacts of the agreement.
Write a report summarizing your findings.

Career center

Learners who complete International Trade and Economics (full University Course) will develop knowledge and skills that may be useful to these careers:

International Trade Analyst

The role of an International Trade Analyst involves researching and analyzing global trade patterns, policies, and agreements to provide insights and recommendations to businesses or government agencies. In this role, you'll assess the impact of trade regulations, identify market opportunities, and help organizations navigate the complexities of international commerce. This course's emphasis on international trade theory and its consideration of how perspectives on international trade have changed over time directly informs the analytical skills needed for this position. The course's examination of commercial policy and the study of tariffs and quotas provides a foundation for understanding the practical tools employed in international trade regulation. Someone interested in becoming an International Trade Analyst may find that studying the impact of multilateral institutions, as covered in the course, is extremely helpful.

See salaries and explore the career path for International Trade Analyst

Economist

Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues. A key area for many economists is international trade. This course provides a solid grounding in international trade theory, starting from the 16th century to modern models, which helps build a strong foundation for understanding the historical context and current debates within the field. An Economist benefits from the course's focus on understanding macro and microeconomic theory and its application to the modern world as well as its exploration of multilateral institutions, which are crucial for understanding global economic governance. For someone who wishes to become an Economist, understanding the role of tariffs and quotas in the world today would be very helpful.

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Policy Advisor

As a Policy Advisor specializing in international trade, you would research, analyze, and formulate policy recommendations related to trade agreements, tariffs, and other international economic issues. This role requires a deep understanding of trade theory, multilateral institutions, and commercial policy. This course provides a solid base, as it explores these topics in detail. Policy Advisors should study this course's examination of changes in trade theory since the 16th century, the role of multilateral institutions, and the impacts of tariffs and quotas. This training builds a framework for developing informed and effective policy recommendations. The course's discussion on commercial policy is also helpful for anyone interested in becoming a Policy Advisor.

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Customs Broker

Customs Brokers assist importers and exporters in meeting governmental requirements for the import or export of goods. They ensure that goods are classified correctly, duties and taxes are paid, and all necessary documentation is filed. This course examines commercial policy and how it is used, which helps someone in this role understand the complexities of customs regulations. Students will explore the effects of using tariffs and quotas, giving them a practical understanding of how these trade barriers impact importers and exporters. The course provides a valuable foundation for anyone aspiring to become a Customs Broker.

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Trade Compliance Manager

Trade Compliance Managers ensure that a company's international trade activities adhere to all relevant laws and regulations. This involves overseeing import and export operations, conducting audits, and developing compliance programs. This course may be useful to someone wishing to become a Trade Compliance Manager because it considers how perspectives on international trade have changed over time, and how international trade continues to change today. Trade Compliance Managers should also find that the course's examination of changes in trade theory since the 16th century gives them a helpful foundation. Someone in this role understands the role of tariffs and quotas in the world today.

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International Investment Analyst

An International Investment Analyst researches and analyzes investment opportunities in foreign markets. They assess economic and political risks, evaluate financial statements, and make recommendations to clients or investment firms. This course provides a good understanding of economics and explores economic theory in today’s business world, all of which are valuable for this position. The course's coverage of multilateral institutions and the global economy may help someone in this role develop a broader perspective on international investment trends. This course should prove useful for someone aspiring to become an International Investment Analyst.

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International Trade Lawyer

International Trade Lawyers advise clients on legal issues related to international trade, such as trade agreements, tariffs, and customs regulations. This role typically requires a law degree and specialized knowledge of international trade law. This course explores topics like the role of multilateral institutions in trade and economics, as well as the role of tariffs and quotas in the world today. Someone in this role typically has an advanced degree. An International Trade Lawyer may find this course to be a stepping stone to a successful career.

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Market Research Analyst

A Market Research Analyst studies market conditions in local, regional, or national areas to examine potential sales of a product or service. Market Researchers often analyze international markets as well as domestic ones. This course explores economic theory in today’s business world, which may be helpful to someone wishing to pursue this role. The study of multilateral institutions and the global economy helps provide context for conducting market research as a Market Research Analyst. A Market Research Analyst may find the course to be a stepping stone to a successful career.

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Business Development Manager

Business Development Managers are responsible for identifying and pursuing new business opportunities, building strategic partnerships, and expanding market reach. In an international context, this role involves navigating diverse cultural and economic landscapes. A Business Development Manager may benefit from this course's focus on understanding macroeconomic and microeconomic theory, and its application to the modern world. Furthermore, the exploration of multilateral institutions, tariffs, and quotas may help someone in this role to develop effective market entry strategies and manage international business relationships. A Business Development Manager may find the course to be a stepping stone to a successful career.

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Logistics Coordinator

Logistics Coordinators manage the flow of goods and information in a supply chain, from the point of origin to the point of consumption. In international trade, this involves coordinating shipments across borders, negotiating with carriers, and ensuring compliance with customs regulations. This course examines commercial policy and how it is used. Anyone aspiring to become a Logistics Coordinator would be well-served by studying the effects of using tariffs and quotas. A Logistics Coordinator may find this course to be a stepping stone to a successful career.

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Government Relations Manager

Government Relations Managers work to build and maintain relationships with government officials and policymakers. In the context of international trade, this involves advocating for policies that support a company's trade interests. This course helps you examine commercial policy and how it is used. A Government Relations Manager may find the course helpful in understanding how companies and industry gain advantages from entrenchment. A Government Relations Manager may find this course to be a stepping stone to a successful career.

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Economic Development Specialist

Economic Development Specialists work to improve the economic well-being of communities and regions. This can involve attracting foreign investment, promoting international trade, and supporting local businesses. This course helps you explore economic theory in today’s business world. An Economic Development Specialist may find the course helpful in understanding the debate surrounding multilateral institutions. Therefore, an Economic Development Specialist might find that this course is valuable.

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Data Analyst

Data Analysts collect, process, and analyze large datasets to identify trends, patterns, and insights. In international trade, this could involve analyzing trade flows, market trends, and economic indicators. This course involves exploring economic theory and understanding economics, which may be useful for this role. An Economic Development Specialist could find this course helpful in understanding the global economy. Therefore, someone who seeks to become a Data Analyst may find that this course is valuable.

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Translator

Translators convert written or spoken content from one language to another, facilitating communication and understanding across cultures and borders. In international trade, this involves translating trade agreements, contracts, and marketing materials. This course explores economic theory in today’s business world. A Translator may find the course helpful in understanding the role of multilateral institutions in trade and economics. A translator may find this course to be a stepping stone to a successful career.

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Public Relations Specialist

Public Relations Specialists manage a company's or organization's public image and communications. In international trade, this involves crafting messages that promote trade policies, manage crises, and build relationships with stakeholders. This course considers how perspectives on international trade have changed over time, and how international trade continues to change today, which may be helpful in this role. A Public Relations Specialist should also find this course helpful in exploring economic theory, even if this is not typically a focus of their work. A Public Relations Specialist may find the course to be a stepping stone to a successful career.

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International Trade and Economics (full University Course)

What's inside

Learning objectives

Syllabus

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Reviews summary

University-level international trade and economics

Activities

Career center

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