Delivered at:: Department of Economics

Course type:: Compulsory course

When:: 4 year, 1 module

Instructors

Butukhanov, Aleksandr V.

Kuga, Iakov T.

Sloev, Igor

Full Syllabus

Abstract

The course provides undergraduate students instruments to analyse international trade phenomena. The students acquaintance with major findings of international trade theory development that have business applications. We discuss the role of market structure in the process of international economic shocks and trade policy instruments affecting the economy. Students will acquaintance with some data sources on international trade, tariffs and quotas.

Learning Objectives

Provide simple frameworks to understand how typical international economy shocks affect home economy and business, to improve students skills of such analysis.

Expected Learning Outcomes

Describe particular international markets and determine features of the market structures, market size, major exporters and importers, trade barriers arise in the trade (transportation costs, tariffs, quotas, regulation), demand and supply shocks
Provide qualitative analysis of consequences of particular demand and supply shocks (including trade policy changes) on prices, trade and domestic firms, income distribution
Present and discuss their finding both orally and in the written form

Course Contents

Overview of the World trade
Labour productivity and comparative advantages
Specific factors and income distribution
The Heckscher-Ohlin model
The standard model
External economies of scale
Firms in the global economy

Assessment Elements

Class activity
Homework
Exam

Interim Assessment

2024/2025 1st module
0.3 * Class activity + 0.4 * Exam + 0.3 * Homework

Bibliography

Recommended Core Bibliography

Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946

Recommended Additional Bibliography

Giancarlo Gandolfo. (2014). International Trade Theory and Policy. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.642.37314.5
Rogoff, K. S., Helpman, E., & Gopinath, G. (2014). Handbook of International Economics. Oxford, England: North Holland. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=576373

Authors

SLOEV IGOR ANATOLEVICH
KUGA YAKOV TOYVOVICH
BUTUKHANOV ALEKSANDR VLADIMIROVICH

Bachelor’s Programme 'International Business and Management Studies'

International Trade