Learn about international trade and how it helps develop the world’s different economies in this free commerce course. This certificate course in international trade will give you a broad view of what international trade entails as well as the important factors that affect it. It will help you understand how countries of the world participate in foreign trade and the factors that affect a country's decisions when trading internationally. Explore topics such as the bubble burst in 2009, Ricardian theory, Terms of Trade, and monopolistic competition.
| Course Category | Business |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • Explain how the American real estate bubble burst in 2009 caused the economic downturn • Outline the steps taken by the WTO's Dispute Settlement Body in resolving trade disputes among member countries • State the different reasons countries trade according to the Ricardian theory • Describe how price differences in the products of different countries can influence international trade • Outline at 10 determinants of Terms of Trade • Explain how the three-trader trade pattern can reflect in international trade • Explain how economies of scale facilitate international trade • Describe the effect of a firm equilibrium in a monopolistic competition trade • Outline the costs of free trade under monopolistic competition according to the economies of scale model |
| Course Code | 3578 |
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