Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa

Module/Subject matter

International Economics.

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Contents

Four blocks:

• Description of world trade.

• International Trade Theory.

• International Trade Policy.

• International Trade Negotations and Institutions linked to International Trade Policies.

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Descriptors

• Keywords: International trade theory, International trade policy, Political economy of international trade.
• Field: Applied Economics, Economic Analysis

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General proficiencies

• BC1. Students must demostrate to know and to understand the concepts in a study field departing from High School level.
• BC5. Students must develop the adequate learning skills to do later an autonomous learning process.
• GP04. Writing and speaking in English.
• GP06. Information analysis and search from different sources.
• GP11. Work in an international context.
• GP17. Autonomous learning.
• GP18. Adaptation to new circumstances.

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Specific proficiencies

• SP01. Understand economic institutions as the result of theoretical or formal representations of modern economies.
• SP02. Identify relevant economic information sources.
• SP05. Write advising reports on local, national or international economic issues or on sectorial analysis.
• SP06. Write economic projects at regional, national or international level.
• SP10. Evaluate the implications of alternative economic policies and select those that better achieve the policy targets.

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Learning outcomes

• R2. The Open-Economy Income model, money, inflation, unemployment, growth and economic policy instruments. 
• R10. International Economics: international exchange as a conditional element for allocation of resources and macroeconomic stability. 

• 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. 

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Methodology

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Languages

English.

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Evaluation

The grade "No presentado" corresponds to students without evaluation activities. It also corresponds to the students who have done one or several evaluation activities but those activities do not include the second individual assessment or its retake exam.

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Agenda

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

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Bibliography

Access the bibliography that your professor has requested from the Library.

TEXTBOOK

First ten chapters of:

Krugman, P.R., Obstfeld, M., and 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

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Location

Classroom and labs.

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