Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: ECO304
Module Title: International Trade
Module Level: Level 3
Module Credits: 5.00
Academic Year: 2017/18
Semester: SEM2
Originating Department: International Business School
Pre-requisites: ECO216
   
Aims
To develop a good understanding of the main trade theories, their assumptions, implications, applications and limitations, and provide essential skills to students to engage in an analytical discussion of the impact of trade patterns, trade policies of government, foreign direct investment and the World Trade Organization on the economies of both developing and developed countries.
Learning outcomes 
A. Display understanding of the sources and content of economic trade and FDI data and evidence and of methods that might be applied appropriately to the analysis of such data

B. Demonstrate understanding of economic concepts and principles regarding the balance of payments and the classical (technology differences) and neoclassical (factor abundance differences) reasons for trade flows.

C. Demonstrate understanding of economic theory and modelling approaches, and their competent use regarding imperfect competition reasons for trade flows; pro-competitive trade, monopolistic competition, variety, and intermediate goods.

D. Know how to apply economic reasoning to policy issues in a critical manner regarding the fundamentals and welfare effects of perfect competition and strategic trade policy

E. Display familiarity with the possibility that many economic problems may admit more than one approach and may have more than one solution by being aware of and able to critically analyze recent theoretical and empirical developments in international trade literature.

F. Present, critically discuss and evaluate appropriate literature on the theory and empirics of international trade flows.

Method of teaching and learning 
There will be weekly lectures/presentations (2 hours) and a tutorial (1 hour).


The students will be organized in groups to present part of the material (10% of the grade), followed by a brief discussion of this material organized by another group (5% of the grade). Students are evaluated individually. Getting more experience in and becoming more comfortable with presenting or discussing in front of a group in English is a crucial learning experience.


During the module there will be individual assignments where students will look up and process relevant information for the topics covered in a particular week for a country of choice (subject to data availability). Students have to hand in assignments twice during the module (graded individually, total 15% of the grade). Applying theory and methods to a particular country is an insightful and motivating experience.
Syllabus 
The World Economy

The Balance of Payments

Global Economic Crisis

Classical Trade: Technology

Neoclassical Trade: Factor Abundance

Trade Policy

Imperfect Competition

Intra-Industry Trade

Strategic Trade Policy

International Organizations

Economic Integration

Geographical Economics

Multinational Firms

Trade and Growth

Heterogeneous Firms

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26     12      112  150 

Assessment

Sequence Method % of Final Mark
1 Portfolio: Assignments I,Ii 15.00
2 Presentation In Group 10.00
3 Discussion In Group 5.00
4 Midterm Exam 20.00
5 Final Exam 50.00

Module Catalogue generated from SITS CUT-OFF: 10/22/2017 10:45:15 AM