ADVANCED INTERNATIONAL ECONOMICS

Shandong University of Finance and Economics

Course Code：

Total Number of Instruction Hours: 36

Number of Credits：2

Lecturer: Dr./Prof. Liu Xinying (College of International Economics and Trade)

About this Course

ADVANCED INTERNATIONAL ECONOMICS will go through the theory of international economics which generates an understanding of many key events that shape our domestic and international environment. In recent history, these events include the causes and consequences of the large current account deficits of the United States; the increased pressures for industry protection against foreign competition broadly voiced since 2007 and more vocally espoused in the first half of 2018; the OBOR Initiative introduced in 2013 by China; the appreciation of the dollar in terms of Chinese RMB and other major currencies since 2015. The Environmental Protection Forum in Poland in 2018 highlight the way in which various national economies are linked and how important it is for us to understand these connections. At the same time, protests at global economic meetings and a rising wave of protectionist rhetoric have highlighted opposition to globalization in “The Clashing of Civilizations and The Remaking of World Order” (Samuel P. Huntington, ISBN 0-684-811642)

While guiding the PHD candidates to apply their fundamental knowledge into understanding the events and workable factors in international economics, the lecturer will also guide the candidates to deal with methodology applicable to analyzing current top issues in international economics with prevailing models, as gravity model, DEA model, GTAP model, and Krugman General Equilibrium model.

By the end of the term, the PHD candidates should be able to deal with issues in international economics relevant to global value chain and supply chain, the global capital market, external economy of scale, trade protection under new situations, growth, crisis and reform in the developing countries as well as currency systems.

Prerequisites and Preparation

Economics, Fundamental International Economics, Econometrics

Course Goals

After completing this course, the PhD candidates are expected to deal with issues of international economics by applying current prevailing models involving the gravity model, the DEA model, the General Equilibrium Model of Krugman, the GTAP model. The candidates are guided to generate an individual understanding of the current events that shape the domestic and international environments and to form their own logic in solving the future problems in international economics.

By the end of this course, the students will be able to:

Understand standard principles based on the text book “International Economics, Theory and Practice, Paul Krugman, 10th Edition” focusing especially on “External Economies of Scale and the International Location of Production”, “Controversies in Trade Policy”, “Developing Countries: Growth, Crisis, and Reform” (Selected from International Economics), “Chapter IV: The Clashes of Civilizations” (Selected from The Clash of Civilizations and Remaking of World Order).

Restructure the academic methodology applications into international economic issues covering models like the gravity, the general equilibrium, the DEA, the GTAP.

Probe into the top issues of International Economics relevant to the domestic countries of the candidates and to China.

Build up their academic talents.

Course Components and Requirements

Assigned readings

Lectures

Six top issue sets

Individual PPT presents

Final Term Paper

Assigned Readings

Paul Krugman，International Economics, Theory and Practice, 10th Edition, Pearson, 2014

The Clash of Civilizations and the Remaking of World Order, Samuel Huntington, Touchstone, New York, 1997, first edition, ISBN: 0-684-81164-2.

Creating Value from Mergers and Acquisitions, Sudi Sudarsanam, 2nd Edition, 2010, ISBN-13:978-0273715399; ISBN-10: 0273715399

Deliverables and Grading

Method of evaluation and grading:

1）There will be ppt presentations which will be graded in person.

2）There will be final term paper checking the ability of the PhD candidates to analyze current top issues of International Economics relevant to their domestic countries.