International Trade Policy

Instructors

KIYOTA, Kozo

Credits / Language / Semester

2Credits / English / Summer

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. Organizational Meeting
2. The Classical Theory of Trade
3. Introduction to Neoclassical Trade Theory: Tools to be Employed
4. Gains from Trade in Neoclassical Trade Theory
5. Offer Curves and the Terms of Trade
6. The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model
7. Empirical International Trade I
8. Post-Heckscher-Ohlin Theories of Trade and Intra-Industry Trade
9. The Instruments of Trade Policy
10. Empirical International Trade II
11. Proposal Presentation
12. The Impact of Trade Policies
13. Augments for Interventionist Trade Policies and Economic Integration
14. Paper Presentation

Teaching Methods

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.

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