International Trade

2024/2025

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Economics

Course type:

Compulsory course

When:

4 year, 1 module

Instructors

Butukhanov, Aleksandr V.

Kuga, Iakov T.

Course 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