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1. COURSE DESCRIPTION
This course constitutes the second part of the international economics course. The main objective of the course is to provide students advanced knowledge of the theory and policy of international trade and investment. This course explains reasons and gains from trade using theories based on the extended Ricardian model, as well as theories based on increasing returns, differences in taste, gravity model, international factors movement, multinational theories. This course is offered to students following the International Economics major and recommended for those who plan to continue their education at the Master program in International Economics.
2. COURSE CONTENT
No.
Content
Time Allocation
Contribute to CLO
Hour(s) on the class
Essays, exercise,
Assignments
Self-study with teacher’s tutorials
Lecture
Practice, Seminar
1
Chapter 1: Introduction to International Economics 2
3
0
0
5,5
1
2
Chapter 2: An extended Ricardian Model
2.1. Ricardian Model with N goods, N countries
3
0
0
5,5
1,2,3
3
2.2. Ricardian Model and exchange rate
3
0
2
5,5
1,2,3
4
Chapter 3: The standard trade model
3.1. Increasing opportunity cost and equilibrium in the autarky
3
0
2
5,5
1,2,3
5
3.2. The standard model in free trade
3
0
2
5,5
1,2,4, 6
6
3.3. Demand, supply and offer curves
3
0
2
5,5
1,2,4, 6
7
Chapter 4: The gravity model
4.1. Gravity model in international trade
3
0
2
5,5
1,2,4,6
8
4.2. Gravity model in international tourism
+ discussion of the midterm essays
3
0
0
5,5
5,7
9
Chapter 5: Factors movement
5.1. Labor movement
3
0
2,5
5,5
1,2,4, 6
10
5.2. Capital movement
3
0
2,5
5,5
1,2,4, 6
11
Chapter 6: Intra-industry trade and Multinational Enterprises
6.1. Imperfect competition and intra-industry trade
3
0
2,5
5,5
1,2,4, 6
12
6.2. Theory of firm’s location in international investment and Multinational Enterprises
3
0
2,5
5,5
1,2,4, 6
13
Chapter 7: International monetary system and balance of payment
7.1. International monetary system
3
0
2,5
5,5
1,2,4, 6
14
7.2. Balance of payment
3
0
0
5,5
1,2,4,6
15
Student presentations
3
0
0
5,5
5,7
Total
45
0
22,5
82,5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
Class attendance and participation in lessons
1,2,3,4,5,6
10%
Test/ Assignments
Group or individual assignment
1,2,3,4,5,6
30%
Summative
Final test
MCQ and/or Short form and/or writing
1,2,3,4,5,6
60%
Total:
100%