International Trade

2022/2023

Academic Year

ENG

Instruction in English

4

ECTS credits

Delivered at:

Faculty of World Economy and International Affairs

Course type:

Compulsory course

When:

4 year, 1, 2 module

Instructor

Chernikov, Sergey

Course Syllabus

Abstract

Introduction to Economics 1 and Macroeconomics are required and also familiarity with World economy and basic management subjects is welcome.

Learning Objectives

• This course aims to explore the important concepts and issues in International trade. The study of international trade involves economy- wide issues such as conventional comparative advantage, Increasing returns to scale, trade between firms and trade policies.

Expected Learning Outcomes

• This course aims to explore the important concepts and issues in International trade. The study of international trade involves economy- wide issues such as conventional comparative advantage, Increasing returns to scale, trade between firms and trade policies.

Course Contents

• Week 1 Subject Stylized Facts about World Trade and Questions of the courses
• Week 2 Subject World Trade: an Overview Ricardian Model
• Week 3 Subject Ricardian Model
• Week 4 Subject Heckscher-Ohlin Model Specific Factors Model
• Week 5 Subject Economies of scale in International Trade
• Week 6 Subject International Trade under imperfect Competition
• Week 7 Subject Foreign Direct Investment and Outsourcing
• Week 8 Midterm Exam
• Week 9 Subject Entry strategies in International trade
• Week 10 Subject Trade Policy: Tariff
• Week 11 Subject Trade Policy: Nontariff Barriers
• Week 12 Subject Distribution channels in international trade
• Week 13 Subject WTO and Integrations impact
• Week 14 Subject Political and legal environments of international trade
• Week 15 Subject Trade and Development
• Week 16: Final exam

Assessment Elements

• Midterm
• Final
• Homework
• In-class work
• Attendance

Interim Assessment

• 2022/2023 2nd module
  0.1 * Attendance + 0.25 * Midterm + 0.15 * In-class work + 0.35 * Final + 0.15 * Homework

Bibliography

Recommended Core Bibliography

• Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946
• Onkvisit, S., & Shaw, J. J. (2009). International Marketing : Strategy and Theory (Vol. 5th ed). London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=275440

Recommended Additional Bibliography

• Carbaugh, R. J. (2012). International economics. South-Western.