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INTERNATIONAL TRADE |
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| Shandong University of Finance and Economics |
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| Course Code：01301153 |
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| Total Number of Instruction Hours: 51 |
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| Number of Credits：3 |
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| About this Course |
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| This course aims to introduce the basic knowledge of the principles and tools of international trade theory and policy. It will equip students with a basic knowledge of the principles and tools of trade theory and policy. Students will learn basic theory regarding the motivations of trade, how trade with other countries affects income distribution of different groups in a country, and the formation and the effects of international trade policies. |
| After completing the course, students will be able to analyze different interpretations of the causes of trade, the growth of trade, the formation of international trade policy, and the effects of international trade policy on the economy. The aim is to equip students with the knowledge and skills necessary in analyzing and evaluating international trade issues and government trade policies. |
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| Prerequisites and Preparation |
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| basic algebra and calculus. |
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| Required Textbook |
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| Krugman, Paul and Maurice Obstfeld. International Economics: Theory & Policy, 8thedition, Addison Wesley, 2009. |
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| Course Goals |
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| By the end of this course, students should be able to: |
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| · Familiar with the basic concepts of international trade. |
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| · Master the Ricardian model, the Standard Trade model, the instruments of trade policy and the effects of trade policy on the economy. |
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| · Understand other important theories and basic research methods of international trade. |
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| · Develop the skills of applying the international trade theories to analyze the real economic issues. |
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| Course Outline |
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| Chapter 1: Introduction |
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| Chapter 2: World Trade: An Overview |
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| Chapter 3: Labour Productivity and Comparative Advantage: The Ricardian Model |
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| Chapter 4: Resources,Comparative Advantage,and Income Distribution |
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| Chapter 5: The Standard Trade Model |
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| Chapter 6: Economies of Scale, Imperfect Competition, and International Trade |
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| Chapter 7: International Factor Movements |
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| Chapter 8: The Instruments of Trade Policy |
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| Chapter 9: The Political Economy of Trade Policy |
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| Chapter 10: Trade Policy inDeveloping Countries |
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| Chapter 11: Controversies in Trade Policy |
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| Course Evaluation |
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| The following components will determine the final grade: |
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| Mid-term examination 20% |
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| Final examination 70% |
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| Tutorial attendance, participation, and assignments 10% |
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