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Course Syllabus

Bachelor 2021/2022

International Тrade-II

Type: Elective course (Economics)
Area of studies: Economics
Delivered by: Department of Economics
Where: St.Petersburg School of Economics and Management
When: 4 year, 2 module
Mode of studies: distance learning
Open to: students of all HSE University campuses
Instructors: Leonid V. Azarnert
Language: English
ECTS credits: 3
Contact hours: 28

Course Syllabus

Full Syllabus

Abstract

This course analyzes the causes and consequences of international trade and investment. The structure of the course follows Feenstra and Taylor textbook (FT, see reference below). We will also use material from the Krugman, Melitz, Obstfeld textbook.
Learning Objectives

Learning Objectives

  • Students will learn why nations trade, what they trade, and who gains from this trade. We examine the role played by multinational firms. We then analyze the motives for countries or organizations to restrict or regulate international trade and study the effects of such policies on economic welfare.
Expected Learning Outcomes

Expected Learning Outcomes

  • Explain how the modern models of international economics are developed and used to study the relevant economic questions.
  • Know how to apply modern concepts to better understand the problems international economists study: the structure and volume of trade flows, gains from trade, trade policy issues.
Course Contents

Course Contents

  • Introduction
  • Comparative advantage in the Ricardian model
  • Specific-factor model
  • Heckscher-Ohlin model
  • Migration, capital flows, and offshoring
  • Increasing returns to scale and firms export decisions
  • Trade policy and political economy of trade policy
  • International trade agreements
Assessment Elements

Assessment Elements

  • non-blocking Final exam
    Closed-book exam for 3 academic hours = 120 minute.
  • non-blocking Home assignments
  • non-blocking In class participation
  • non-blocking Midterm exam
Interim Assessment

Interim Assessment

  • 2021/2022 2nd module
    0.5 * Final exam + 0.05 * Home assignments + 0.05 * In class participation + 0.4 * Midterm exam
Bibliography

Bibliography

Recommended Core Bibliography

  • Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2015). International Economics: Theory and Policy, Global Edition (Vol. Tenth edition, global edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1419045

Recommended Additional Bibliography

  • Stern, R. (2017). Balance of Payments : Theory and Economic Policy (Vol. First edition). London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1565159
  • Takashi Negishi. (2014). Developments of International Trade Theory. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.advjbe.978.4.431.54433.3