• A
  • A
  • A
  • АБВ
  • АБВ
  • АБВ
  • А
  • А
  • А
  • А
  • А
Обычная версия сайта

World Economy and International Trade

2019/2020
Учебный год
ENG
Обучение ведется на английском языке
4
Кредиты
Статус:
Курс обязательный
Когда читается:
2-й курс, 1 модуль

Course Syllabus

Abstract

The course consists of 6 credits, including lectures (12 hours) and tutorials (24 hours). A special attention is devoted to global problems identification. Topics covered in the course demonstrate the facts related to both classical and modern theories of international trade in goods and services, as well as empirical research on trade. A substantial fraction of the course is dedicated to examination of efficient trade policies.
Learning Objectives

Learning Objectives

  • develops a framework for understanding the past and current trends in the global economy, including international trade, capital flows and migration
Expected Learning Outcomes

Expected Learning Outcomes

  • understand global trends and the rapid changes in the world economy
  • identify the global problems
  • consider the structure of international economic relations
  • explain the basis for trade, the gains from trade and effects of trade
  • apply theories of regional economic development, location, and trade to the contemporary process known as globalization
Course Contents

Course Contents

  • Globalization and world economy
    Indicators of globalization. Indicators of economic development. Purchasing Power Parity. Social development. Global competitiveness. The importance of taking a long view: the imprint of past geographies. Roller-coasters and interconnections. Global shifts: the changing contours of the global economic map. The centre of gravity has shifted.
  • Introduction to International Trade
    International trade in goods and services. Total international merchandise trade. International trade by partner. International trade by product. Indexes of trade. Trade in services
  • Ricardian theory of comparative advantage
    The Concept of Comparative Advantage. A One-Factor Economy. Determining the Relative Price after Trade. The Gains From Trade. Misconceptions about Comparative Advantage. Reasons for Trade. The Specific Factors Model. International Trade in the Specific Factors Model. Income Distribution and the Gains From Trade. Earning of labor and earnings of capital or land
  • Hecksher-Ohlin theory
    Specific-Factors Model. Hecksher-Ohlin model of trade. Stolper-Samuelson effects. Rybczynski effects. Problems with the Hecksher - Ohlin model. Empirical evidence of trade theory.
  • Movement of Labor and Capital between Countries
    International Labor Mobility. International Capital Flows. Multinational Firms and Direct Foreign Investment.
  • International trade policy
    A Brief History and goals of the World Trade Organization. The Gains from Trade. Import Tariffs for a Small Country. Import Tariffs for a Large Country. Import Quotas
Assessment Elements

Assessment Elements

  • non-blocking activities in class
  • non-blocking quizzes
  • non-blocking cases
  • non-blocking test
  • non-blocking final exam
Interim Assessment

Interim Assessment

  • Interim assessment (1 module)
    0.15 * activities in class + 0.15 * cases + 0.25 * final exam + 0.25 * quizzes + 0.2 * test
Bibliography

Bibliography

Recommended Core Bibliography

  • Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2015). International Economics: Theory and Policy, Global Edition (Vol. Tenth edition, global edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1419045

Recommended Additional Bibliography

  • Weil, D. N. (2016). Economic Growth : International Edition (Vol. Third edition). Abingdon, Oxon: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1244212