• A
  • A
  • A
  • АБB
  • АБB
  • АБB
  • А
  • А
  • А
  • А
  • А
Обычная версия сайта
Бакалавриат 2017/2018

Модели международной торговли

Лучший по критерию «Новизна полученных знаний»
Направление: 41.03.05. Международные отношения
Когда читается: 2-й курс, 1, 2 модуль
Формат изучения: без онлайн-курса
Язык: английский
Кредиты: 3

Course Syllabus

Abstract

The purpose of this course is to introduce students to the classical and modern theories of international trade, and demonstrate how they can be applied to analyze some of the current international trade issues. The central questions of the course will be: (i) what are the patterns of trade we observe in the real world and how can we explain them? (ii) if international trade is welfare improving, can we say something about the magnitude of these gains from trade? (iii) what is the effect of different trade policies on country’s welfare? We will start with the classical trade theories based on the principle of a comparative advantage, including Ricardian, Heckscher-Ohlin, and, possibly, their modifications. Then, we will talk about the so called New Trade Theory developed by Paul Krugman and others, and discuss international trade in oligopolistic frameworks. The last part of the course will be devoted to the analysis of various instruments of trade policy under different assumptions for the market structure. We will try to understand which policy is beneficial for country’s welfare and in which cases. This course will be largely theoretical. We will not be discussing international finance, so students interested in the functioning of the global financial system, balances of payments and exchange rates are advised to take another course. A good understanding of micro- and (to a much smaller degree) macroeconomics, as well as competence in basic algebra and geometry is a necessary prerequisite for this course.
Learning Objectives

Learning Objectives

  • students will try to understand which policy is beneficial for country’s welfare and in which cases
Expected Learning Outcomes

Expected Learning Outcomes

  • students will know the classical and modern theories of international trade
  • that will demonstrate how the theories can be applied to analyze some of the current international trade issues
Course Contents

Course Contents

  • 1) Basic facts and issues in trade.
  • 3) Specific-factors model: effects of trade for mobile and specific factors.
  • 2) Ricardian model and its extensions.
  • 5) Factor-price-equalization theorem. Empirical tests of the Heckscher-Ohlin model: the Leontieff paradox. Rybczynsky theorem
  • 4) Heckscher-Ohlin model and its variants. The Heckscher-Ohlin theorem and the Stolper-Samuelson theorem.
  • 6) New Trade Theory: increasing-returns-to-scale models. Heterogeneity: the Melitz effect.
  • 7) Oligopoly models of trade. Reciprocal dumping.
  • 8) Outsourcing (offshoring)
  • 9) Trade policy under perfect and imperfect competition. Trade policy in developing countries. Globalization and low-wage labor.
  • 10) International agreements, trade creation and trade diversion
  • 11) International trade and immigration
  • 12) Political economy of trade policy: lobbying tariffs, trade and military conflicts.
  • 3) WTO and the environment
Assessment Elements

Assessment Elements

  • non-blocking in-class midterm test
  • non-blocking a final exam
  • non-blocking in-class quizzes
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.6 * a final exam + 0.3 * in-class midterm test + 0.1 * in-class quizzes
Bibliography

Bibliography

Recommended Core Bibliography

  • Irwin, D. A. (2015). Free Trade Under Fire : Fourth Edition (Vol. Fourth edition). Princeton, New Jersey: Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=890912
  • Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Trade: Theory and Policy, Global Edition (Vol. Eleventh edition). Harlow, England: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1629189
  • Mingyue WANG, & Rui KONG. (2019). Study on the Characteristics of Potassium Salt International Trade Based on Complex Network. Journal of Business Economics & Management, 20(5), 1000–1021. https://doi.org/10.3846/jbem.2019.10455

Recommended Additional Bibliography

  • Helpman, E. (2011). Understanding Global Trade. Cambridge, Mass: Harvard University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=390174