|Course code: 172729||Subject title: INTERNATIONAL TRADE|
|Credits: 6||Type of subject: Optative||Year: 4||Period: 1º S|
|GOMEZ GOMEZ-PLANA, ANTONIO (Resp) [Mentoring ]|
BC1. Students must demonstrate 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.
SP01 Understand economic institutions as a result and application of theoretical or formal representations about how the economy works.
SP02 Identify the sources of relevant economic information and their contents.
SP05 Issue advisory reports on specific situations of companies and markets.
SP06 Write projects on global management or on functional areas of the company.
SP10 Create and run your own business in its key dimensions.
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.
|Formative Activity||In-class hours||Out-class hours|
|A-3 Debates, group dynamics|
|A-6 Individual study||48|
|A-8 Individual office hours||02|
|GP04. Writing and speaking in English.||Lectures-A1, Exercices-A2 and Exams-A7.|
|GP06. Information analysis and search from different sources.||Lectures-A1 and Exercices-A2.|
|GP11. Work in an international context.||Lectures-A1 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 (A1 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|
|Weight (%)||It allows
|R2, R10, RA1, RA2, RA3, RA4||AA1. Development and appliance of trade models. Exams.||30||Yes, retake exam|
|R2, R10, RA3, RA4||AA2. Geometrical interpretation of trade models. Exams.||30||Yes, retake exam|
|R2, R10, RA1, RA2, RA3, RA4||AA3.Basic theoretical concepts. Exams.||40||Yes, retake exam|
The retake exam will recover all of those Assessment Activities (AA1, AA2 and/or AA3) not surpassed (5/10).
The grade "No presentado" will be applied according to the University legislation.
- Description of world trade.
- International Trade Theory.
- International Trade Policy.
- International Trade Negotiations 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
First ten chapters of:
Krugman, P.R., Obstfeld, M., and Melitz, M.J. (2022): International Economics. Trade & Policy. 12th edition. Pearson Addison Wesley, Essex.
BLOG (in Spanish):
OTHER USEFUL TEXTBOOKS & COMPLEMENTS:
Appleyard, D.R. and Field, A.J. (2017): International Economics. 9th edition. McGraw-Hill/Irwin, Boston.
Bowen, H.P., Hollander, A. and Viaene, J.-M. (2012): Applied International Trade. 2nd edition. Palgrave, Hants, United Kingdom.
Carbaugh, R.J. (2023): International Economics. 18th edition. Cengage, Andove, United Kingdom.
Catão, L. and Obstfeld, M. (2019): Meeting Globalization's challenges. Policies to make trade work for all. Princeton University Press, Princeton.
Caves, R.E., Frankel, J.A. and Jones, R.W. (2007): World Trade and Payments. An Introduction. 10th edition. Pearson International, Nueva York.
Eicher, T.S., Mutti, J.H. and Turnovsky, M.H. (2009): International Economics. 7th edition. Routledge, Oxon, United Kingdom.
Feenstra, R.C. and Taylor, A.M. (2021): International Trade. 5th edition. Macmillan, New York.
Feenstra, R.C. (2016): Advanced International Trade: Theory and evidence. 2nd edition. Princeton University Press, New Jersey.
Gerber, J. (2021): International Economics. 8th edition. Pearson International, New York.
Goode, W. (2020): Dictionary of Trade Policy Terms. 6th edition. Cambridge University Press, Cambridge.
Husted, S. and Melvin, M. (2013): International Economics. 9th edition. Pearson International, New York.
Irwin, D. A. (2020): Free Trade under fire. 5th 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.
Jovanovic, M.N. (2015): The Economics of International Integration. 2nd edition. Edward Elgar, Cheltenham, United Kingdom.
Kerr, W.A. and Gaisford, J. D. (2007): Handbook on International Trade Policy. Edward Elgar, Cheltenham, United Kingdom.
Kreinin, M.E. and Clark, D.P. (2013): International Economics: A Policy Approach. 2nd edition. Pearson International, Nueva York.
Krueger, A.O. (2020): International Trade. What Everyone Needs to Know. Oxford University Press, Oxford.
Michie, J. (2017): Advanced Introduction to Globalisation. EdwardElgar, Cheltenham, United Kingdom.
Pugel, T. A. (2023): International Economics. 18th edition. McGraw-Hill/Irwin, Nueva York.
Salvatore, D. (2019): International Economics. Trade and Finance. 13th edition. John Wiley & Sons, New Jersey.
Sawyer, W.C. and Sprinkle, R.L. (2020): Applied International Economics. 5th edition. Routledge, Oxon, United Kingdom.
Van Bergeijk, P.A.G. (2019): Deglobalization 2.0. Trade and openness during the Great Depression and the Great Recession. Edward Elgar, Cheltenham, United Kingdom.
Van den Berg, H. (2017): International Economics. An Heterodox Approach. 3rd edition. M. E. Sharpe, London.
Van Marrewijk, C. (2017): International Trade. Oxford University Press, Oxford.
World Trade Organization (2011): World Trade Report 2011: The WTO and Preferential Trade Agreements. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr11_e.htm
World Trade Organization (2012): World Trade Report 2012: Trade and Public Policies. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr12_e.htm
World Trade Organization (2013): World Trade Report 2013: Factors Shaping the Future of World Trade. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr13_e.htm
World Trade Organization (2014): World Trade Report 2014: Trade and development: recent trends and the role of the WTO. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr14_e.htm
World Trade Organization (2017): World Trade Report 2017: Trade, Technology and jobs. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr17_e.htm
World Trade Organization (2018): World Trade Report 2018: The future of world trade: How digital technologies are transforming global commerce. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr18_e.htm
World Trade Organization (2019): World Trade Report 2019: The future of services trade. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr19_e.htm
World Trade Organization (2020): World Trade Report 2020: Government policies to promote innovation in the digital age. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr20_e.htm
World Trade Organization (2021): World Trade Report 2021: Economic resilience and trade. Geneve. Available at: https://www.wto.org/english/res_e/publications_e/wtr21_e.htm
World Trade Organization (2022): World Trade Report 2022: Climate change and International Trade. Geneve. Available at: https://www.wto.org/english/res_s/publications_s/wtr22_s.htm
World Trade Organization (2022): Overview of Developments in the International Trading Environment. Annual Report by the Director-General. Geneve. Available at: https://docs.wto.org/dol2fe/Pages/SS/directdoc.aspx?filename=q:/WT/TPR/OV25.pdf&Open=True