International Trade Theory
Seoul, South Korea
Area of Study
Business, International Trade
Taught In English
Introductory knowledge of economics is strongly recommended, either through principles
of economics course or private reading any textbooks about intermediate level of economics.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
The study of international trade and finance has never been as important as it is now. These days, nations are more closely integrated through trade in goods and services, investment in each other?s economies. The global economy created by these growing real economic and financial linkages has given potential opportunities to participants in the world market as well as it has thrown up many challenges such as unprecedented series of financial crisis. So, it is important for future business leaders to cope with the global challenges and look for potential opportunities in the global market.
This course first introduces basic principles and theories of international trade and investment: Ricardian, Neoclassical trade model, New trade theory, other modern theories of international trade and the theories of foreign direct investment. Then, the course applies these theories to understand international trade flows and foreign direct investment decision particularly from the firms? viewpoint.
Textbooks (Either is okay)
- Feenstra, Robert C. and Alan M. Taylor, International Economics, 2008(1st edition) or 2011(2nd edition), Worth Publishers.
- Krugman, Paul, M. Obstfeld and M. Melitz, International Economics: Theory & Policy, 2011, 9th edition, Pearson Addison-Wesley.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.