International Economics and Trade

2024/2025

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

Department of Economics

Course type:

Compulsory course

When:

1 year, 1, 2 module

Instructor

Руденко Дмитрий Юрьевич

Course Syllabus

Abstract

The course consists of 6 credits, including lectures (24 hours) and tutorials (24 hours). A special attention is devoted to trade patterns 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

• The course develops a framework for understanding the past and current trends in the global economy, including international trade and capital flows

Expected Learning Outcomes

• apply theories of regional economic development, location, and trade to the contemporary process known as globalization
• consider the structure of international economic relations
• explain the basis for trade, the gains from trade and effects of trade
• understand global trends and the rapid changes in the world economy
• acquaint open data and basic approaches to analyze the open economy, as well as comparative economic growth and development
• apply theories of regional economic development, location, and trade to the contemporary process known as globalization; consider the structure of international economic relations; explain the basis for trade, the gains from trade and effects of trade; understand global trends and the rapid changes in the world economy; acquaint open data and basic approaches to analyze the open economy, as well as comparative economic growth and development

Course Contents

• Trade in the Global Economy
• Trade policy
• Bilateral trade and the gravity equation
• The Global Macroeconomy
• Exchange Rates and Foreign Exchange Market

Assessment Elements

• Seminar activity
• Quizzes
• Final Exam
• Project

Interim Assessment

• 2024/2025 2nd module
  0.35 * Final Exam + 0.25 * Project + 0.2 * Quizzes + 0.2 * Seminar activity

Bibliography

Recommended Core Bibliography

• International economics, Feenstra, R. C., 2017
• Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2017). International Finance: Theory and Policy, Global Edition (Vol. Eleventh edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649947

Recommended Additional Bibliography

• 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

• BRODSKAYA NATALYA NIKOLAEVNA
• RUDENKO DMITRIY YUREVICH