The objective of this course is to equip participants with the essential knowledge and skills to understand and apply the trade economic principles and methods to real-world situations. By the end of the course, participants will be able to:

• Explain the role and functions of international trade in a modern economy
• Apply the main models and frameworks of trade economic analysis
• Assess the effects of trade liberalization, protectionism, regional integration, and multilateral institutions on trade flows and welfare
• Evaluate the effects of trade on economic growth, income distribution, and environmental quality
• Discuss the current trends and challenges facing the global economy in the context of trade

This course is designed for professionals who are interested in learning about trade economics, its applications and implications. It is suitable for those who work in or interact with the global economy, such as managers, consultants, analysts, investors, or educators. It is also relevant for those who want to enhance their general knowledge and skills in economics and finance.

By taking this course, participants will benefit from:

• Gaining a comprehensive and up-to-date understanding of trade economics
• Developing analytical and critical thinking skills to deal with trade issues
• Enhancing their professional competence and confidence in the global economy
• Expanding their network and learning from peers and experts in the field

Day One:

Introduction to Trade Economics

• What is trade economics and why does it matter?
• What are the main goals and challenges of trade economics?
• What are the key concepts and principles of trade economics?
• What are the main sources of data and information on trade economics?

Day Two:

Trade Theory

• What are the main theories of international trade (e.g., Ricardian model, Heckscher-Ohlin model, specific factors model)?
• How do they explain the patterns and gains from trade?
• How do they incorporate increasing returns to scale, imperfect competition, product differentiation, and firm heterogeneity?
• How do they account for income distribution effects, factor price equalization, and growth effects?

Day Three:

Trade Policy

• What are the main instruments of trade policy (e.g., tariffs, quotas, subsidies)?
• How do they affect domestic and foreign producers and consumers?
• How do they affect social welfare and efficiency?
• How do they interact with other policies (e.g., income tax, environmental regulation)?

Day Four:

Trade Agreements

• What are the main types of trade agreements (e.g., bilateral vs. multilateral, free trade vs. customs union)?
• How do they affect trade creation and diversion?
• How do they affect market access and competitiveness?
• How do they affect regional integration and global governance?

Day Five:

Trade Issues

• What are the main issues and challenges facing international trade (e.g., globalization, digitalization, innovation)?
• How do they affect trade flows and structures?
• How do they affect economic development and inequality?
• How do they affect environmental quality and sustainability?

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.