This course is available on the MSc in Economics (2 Year Programme). This course is not available as an outside option to students on other programmes. This course uses controlled access as part of the course selection process. For information on controlled access courses, including eligibility, application processes, deadlines, and departmental contact details, please refer to the Controlled Access Courses webpage.

New course for the 2027/28 academic session.

How to apply: These courses are intended for MSc Economics, MSc Economics (2 Year Programme), and MSc EME Students. Any external student must have successfully completed EC400 or EC451 in September and/or have approval of the Department of Economics.

Deadline for application: Please apply as soon as possible after the opening of course selection for all courses.

For queries contact: Econ.msc@lse.ac.uk

Co-requisites:

Students must complete EC451 or EC400 either before taking this course or in the same year as this course.

Additional requisites:

In exceptional circumstances, students may take this course without EC400/EC451 provided they meet the necessary requirements and have received approval from the course convener (via a face-to-face meeting), the MSc Economics Programme Director and their own Programme Director. Contact the Department of Economics for more information (econ.msc@lse.ac.uk) regarding entry to this course.

A graduate course on the fundamentals of international trade. Topics covered include: Gains from trade; comparative advantage; technology, factor endowments and patterns of international trade; empirical tests of trade models; trade and the labour market; adjustment to trade liberalisation; intra-industry trade; the gravity equation; firms in international trade; foreign direct investment; general equilibrium trade policy.

20 hours of lectures and 9 hours of seminars in the Autumn Term.

This course has a reading week in Week 6 of Autumn Term.

Two marked assignments.

A full reading list will be distributed at the beginning of the course. A useful reference is:

• Feenstra, R.C. (2016): Advanced International Trade: Theory and Evidence, Second Edition, Princeton University Press.

Exam (100%), duration: 120 minutes, reading time: 15 minutes in the Spring exam period.

This course is IRDAP-enabled, meaning that resit and deferred assessments will take place in August at the end of the academic year.