Course code: 172729 | Subject title: INTERNATIONAL TRADE | ||||
Credits: 6 | Type of subject: Optative | Year: 4 | Period: 1º S | ||
Department: Economics | |||||
Lecturers: | |||||
GOMEZ GOMEZ-PLANA, ANTONIO (Resp) [Mentoring ] |
Course learning outcome 1 - RA1. Describe the international institutions linked to international trade and the basic rules driving multilateral exchanges.
Course learning outcome 2 - RA2. Differentiate the international trade basic theories.
Course learning outcome 3 - RA3. Predict the economic effects in international trade flows and other economic variables due to changes in demand and supply.
Course learning outcome 4 - RA4. Measure the economic effects of changes in trade policy.
Formative Activity | In-class hours | Out-class hours |
A-1 Lectures | 40 | |
A-2 Exercices | 20 | |
A-3 Debates, group dynamics | ||
A-4 Homework | 25 | |
A-5 Reading | 10 | |
A-6 Individual study | 48 | |
A-7 Exams | 4 | |
A-8 Individual office hours | 3 | |
Total | 67 | 83 |
Proficiency | Formative Activity |
GP04. Writing and speaking in English. | Lectures-A1, Exercices-A2 and Exams-A7. |
GP06. Information analysis and search from different sources. | Exercices-A2, Mi Aulario web platform (A4, A5 and A6). |
GP11. Work in an international context. | Lectures-A1, Mi Aulario web platform (A4, A5 and A6). |
GP17. Autonomous learning. | Individual study-A6, reading-A5, Exercices-A2, Mi Aulario web platform (A4, A5 and A6). |
GP18. Adaptation to new circumstances. | Lectures-A1 and Mi Aulario web platform (A4, A5 and A6). |
SP01. Understand economic institutions as the result of theoretical or formal representations of modern economies. | Lectures-A1, homework-A4, reading-A5 and individual study-A6 |
SP02. Identify relevant economic information sources. | Mi Aulario web platform (A4, A5 and A6). |
SP05. Write advising reports on local, national or international economic issues or on sectorial analysis. | Exams-A7 |
SP10. Evaluate the implications of alternative economic policies and select those that better achieve the policy targets. | Lectures-A1, Exercices-A2 and exams-A7 |
Learning Outcome | Evaluation Activity | Weight (%) | Failed Evaluation Activity |
R2, R10, RA1, RA2, RA3, RA4 | Two individual assessments in class | 35 + 35 | Recoverable. Those students with a grade lower than 4/10 points must retake the failed assessments. |
R2, R10, RA3, RA4 | Two lab sessions | 10 + 10 | Not recoverable. |
R10, RA1 | Eight quizzes in Mi Aulario web platform | 10 | Not recoverable. |
Four blocks:
• Description of world trade.
• International Trade Theory.
• International Trade Policy.
• International Trade Negotations and Institutions linked to International Trade Policies.
Part I. International Trade: Main characteristics
• Unit 1. Introduction
• Unit 2. World Trade: An Overview
Part II. International Trade Theory
• Unit 3. The Ricardian Model
• Unit 4. The Heckscher-Ohlin Model
• Unit 5. The Standard Model
• Unit 6. External Economies of Scale
• Unit 7. Outsourcing and MNE
• Unit 8. Income Distribution and Migrations
Part III. International Trade Policy
• Unit 9. Instruments of Trade Policy
• Unit 10. International Negotiations
Access the bibliography that your professor has requested from the Library.
TEXTBOOK
First ten chapters of:
Krugman, P.R., Obstfeld, M., y Melitz, M.J. (2014): International Economics. Trade & Policy. 10th edition. Pearson Addison Wesley, Essex.
BLOG (in Spanish)
http://comerciointernacionalaggp.blogspot.com/
OTHER USEFUL TEXTBOOKS & COMPLEMENTS
Appleyard, D.R. and Field, A.J. (2013): International Economics. 8th edition. McGraw-Hill/Irwin, Boston.
Bowen, H.P., Hollander, A. and Viaene, J.-M. (2012): Applied International Trade. 2nd edition. Palgrave, Hants, UK.
Carbaugh, R.J. (2013): International Economics. 14th edition. South-Western Centage Learning, Mason.
Caves, R.E., Frankel, J.A. and Jones, R.W. (2007): World Trade and Payments. An Introduction. 10th edition. Pearson International, New York.
Eicher, T.S., Mutti, J.H. and Turnovsky, M.H. (2009): International Economics. 7th edition. Routledge, Oxon, UK.
Feenstra, R.C. and Taylor, A.M. (2012): International Economics. 2nd edition. Worth Palgrave Macmillan, New York.
Frankel, J. A. (2008): "The World Trading System and Development Concerns". In Serra, N. and Stiglitz, J. E. (eds.) The Washington Consensus Reconsidered. Towards a New Global Governance. Oxford University Press, Oxford.
Goode, W. (2007): Dictionary of Trade Policy Terms. 5th edition. Cambridge University Press, Cambridge.
Irwin, D. A. (2009): Free Trade under fire. 3rd edition. Princeton Universtity Press, New Jersey.
Irwin, D. A., Mavroidis, P.C. and Sykes, A.O. (2008): The Genesis of GATT. Cambridge Universtity Press, Cambridge.
Kerr, W.A. and Gaisford, J. D. (2007): Handbook on International Trade Policy. EdwardElgar, Cheltenham, UK.
Markusen, J.R., Melvin, J.R., Kaempfer, W.H. and Maskus, K.E. (1995): International Trade. Theory and evidence. McGraw-Hill, Boston.
Pugel, T. A. (2012): International Economics. 15th edition. McGraw-Hill/Irwin, New York.
Salvatore, D. (2013): International Economics. Trade and Finance. 11th edition. John Wiley & Sons, New Jersey.
Södersten, B. and Reed, G. (1994): International Economics. 4th edition MacMillan Press, London.
Van den Berg, H. (2012): International Economics. An Heterodox Approach. 2nd edition. M. E. Sharpe, London.
World Trade Organization (2011): World Trade Report 2011: The WTO and Preferential Trade Agreements. Geneve. Available at: http://www.wto.org/spanish/res_s/publications_s/wtr11_s.htm
World Trade Organization (2012): World Trade Report 2012: Trade and Public Policies. Geneve. Available at: http://www.wto.org/spanish/res_s/publications_s/wtr12_s.htm
World Trade Organization (2013): World Trade Report 2013: Factors Shaping the Future of World Trade. Geneve. Available at: http://www.wto.org/spanish/res_s/publications_s/wtr13_s.htm