International Trade Policy

Faculty

KIYOTA, Kozo

Credit / Semester / Schedule / Language

2 Credits / Winter / Wednesday Period: 2 / English

Objectives/Overview

The objective of this course is to provide students with the ability to analyze policy issues related to international trade. We will read a standard International Economics textbook (Appleyard, Field, and Cobb, 2010). Two topics are covered in this class. First, we will study the main theories of international trade, which seeks to explain why countries trade, what countries trade, and who gains and loses from trade. Second, we will discuss the instruments of trade policy and their effects on resource allocation.

Keywords

International Economics, International Trade, Trade Policy, English

Schedule

1. Overview
2. Introduction to Neoclassical Trade Theory: Tools to be Employed
3. Gains from Trade in Neoclassical Trade Theory
4. Offer Curves and the Terms of Trade
5. The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model
6. Empirical Tests of the Factor Endowment Approach
7. Post-Heckscher-Ohlin Theories of Trade and Intra-Industry Trade
8. Economic Growth and International Trade
9. International Factor Movements
10. The Instruments of Trade Policy
11. The Impact of Trade Policies
12. Augments for Interventionist Trade Policies
13. Economic Integration
14. International Trade and the Developing Countries

Teaching Methods

Lecture and discussion: Lecture and discussion: Requirements for the course consist of class participation (presentation and discussion) and a term paper.
1) Students are expected to present your answers to "concept check" in the text book in class.
2) Students are expected to write a term paper that employs quantitative data analysis. You may write on any topics that relate to the subject of the course. The paper will be due on the last day of class. More detailed information will be provided in class.

Grading

Homework (30%), class participation (presentation and discussion) (30%), and a term paper (including proposal) (40%). Frequent truancy will not be allowed.

Required Text

Appleyard, Dennis R., Alfred J. Field, and Steven Cobb. 2010. International Economics, 7th edition, NY: McGrow-Hill/Irwin. [ISBN: 978-0-07-017268-5]

Notes on Taking the Course

Prerequisite: Statistical Methods and Econometrics, or equivalent courses in quantitative data analysis.