18.9. – 30.11.2017

Trade and Development

Trade and Development
Coordinating University: University of Tampere
Course coordinator: Jukka Pirttilä (jukka.pirttila(at)staff.uta.fi)
Course lecturers: Jukka Pirttilä (jukka.pirttila(at)staff.uta.fi) and Pertti Haaparanta (pertti.haaparanta(at)aalto.fi).
Credits: 5 ECTS
Course level: General
Course dates: 18 September 2017 - 30 November 2017
Registration dates: 18 August 2017 - 10 September 2017

Course content

The course consists of an introduction to four main topics:

  • Different concepts/aspects of development
  • Basic theories of development, linkage to different concepts of development, insights from behavioral economics, introduction to evaluation of development policies
  • The rationale for exchange, different modes of exchange, trade: exchange in markets, comparative advantage and its sources, role of institutions and history in determining comparative advantage
  • Trade and development: connecting trade to the different aspects of development: trade and growth, trade and inequality, trade and poverty, trade and environment, trade policies (both national and international)
Course objectives

Main objective of the course is to give an overview of how exchange in general and international market exchange (international trade) in particular are related to different aspects of environment. A secondary objective is to give students the opportunity to relate the standard economics trade and development theories/models to other theories of development.

Learning outcomes

After successfully completing the course, students will be able to analyze the role of international trade in development from different points of view, thereby understanding the complexity of the issues involved and the role policies can have in promoting development.

Learning methods

The course incorporates video lectures, problems and essays.

Course material

  • Main text: Todaro M. & Smith S., Economic Development
  • Hoekman B. & Kostecki M.: The Political Economy of the World Trading System
  • Allen F., Behrman J. R., Birdsall N., Fardoust S., Rodrik D., Steer A., Subramanian A.: Towards a Better Global Economy: Policy Implictions for Citizens Worldwide in the 21st Century
Assessment methods

Grading is based on final exam (60 %) and completed assignments (40 %).

Two sets of assignments, which include problems and short essays. First set after students have completed the 'Development' part of the course, and the second after students have completed the 'Trade' part of the course. Assignments can be completed either in groups of up to three people or individually.

Final exam takes place after lectures have been finished. 

The registration has been limited to 70 entries. Thus registration may close earlier than the listed end of the registration period if the maximum amount of registrations is met.