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Course Syllabus

2022/2023

International trade and international trade policy

Type: Optional course (faculty)
Delivered by: Department of Economics
When: 1 module
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

  • Labor Productivity and Comparative Advantage: The Ricardian Model (ch. 3)
  • The Ricardian Model with Continuum of Goods (ch. 3)
  • Ricardian Model with Specific Factors and Income Distribution (ch. 4)
  • Resources and Trade: The Heckscher – Ohlin Model (ch.5)
  • Economies of Scale, Imperfect Competition and Trade (ch. 7)
  • The Instruments of Trade Policy (ch. 9)
  • Learning-by-doing, Dynamic Comparative Advantages and Growth
  • International Trade and the Global Divergence of Incomes and Population
Assessment Elements

Assessment Elements

  • non-blocking Students’ activity in class
  • non-blocking Closed-book test
  • non-blocking Final Exam
  • non-blocking Home assignments
Interim Assessment

Interim Assessment

  • 2022/2023 1st module
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
  • 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

Recommended Additional Bibliography

  • 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