MAE18 International Trade

University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
summer 2016
Extent and Intensity
2/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Irena Jindřichovská, CSc. (lecturer)
Guaranteed by
doc. Ing. Lenka Turnerová, CSc.
Katedra marketingu – University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
Prerequisites
None
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The aim of this course is to provide students with introduction to international trade in the broader framework of international economics. The treatments of trade theory and trade policy are balanced to give the student the necessary understanding of fundamental topics: the gains from trade, the pattern and volume of trade, the role of institutions and the link of international trade and international finance. It is centred in the treatment of all basic topics of international trade policy – its instruments, political economy, trade policy in developing countries and controversies in trade policy, especially in the context of the European Union, WTO and other trade agreements. It gives basic survey of international trade theory. Knowledge: Upon completion of this course, students should be able to: Describe what international trade policy is about, understand the role and functioning of the trade agreements and institutions like WTO, IMF and World Bank. The students will appreciate the role and functioning of regional economic integrations, comprehend the basic international trade models and understand links to international finance. Skills: Student will be able to Link the theoretical concepts of international trade to empirical evidence based on relevant data from Eurostat and World bank and other sources of statistical information. Capabilities: Graduates of the course can actively participate in the activities of international trade and business. Alongside experienced colleagues they can build on their knowledge and skills in an environment that recognized not only in theory, but using many examples of practices that are part of the seminars
Syllabus
  • 1. Introduction to world trade, International Policy Coordination, The International Capital Markets. 2. The Gains from Trade, , The Changing Pattern of World Trade. 3. The concept of comparative advantage, Labour Productivity and Comparative Advantage - Ricardian model. 4. Resources, Comparative advantage and Income distribution 5. The Standard Trade Model , A standard model of a trading economy 6. The transfer problem and the Asian crisis, International transfers of income 7. Economies of Scale, Imperfect Competition and International Trade 8. Economies ad Scale, Dumping and antidumping as protectionism 9. International Factor Movements, International Labour mobility, Wage convergence at the age of Mass Migration. 10. The Instruments of Trade Policy – tarfifs and subsidies 11. Economic Integration, Common Agriculture Policy EU - The Reform of the Common Market, From GATT to WTO. 12. The Political Economy of Trade Policy - National welfare arguments against free trade 13. Trade Policy in Developing Countries Import substituting industrialization. 14. Controversies in trade policy
Literature
    required literature
  • • Krugman, P.R. - Obstfeld, M.: International Economics (Theory and Policy) 8th Edition, Peasron Education, ISBN-13: 978-0321493040
    recommended literature
  • • Kalínská Emilie a kolektiv, Mezinárodní obchod v 21. století, Grada Publishing, 2010, ISBN 978-80-2473-396-8
  • • Baldwin R. - Wyplosz C.: The Economics of European Integration McGraw-Hill Inc.,US; 5th Revised edition edition (March 1, 2015) ISBN-13: 978-0077169657
Teaching methods
Lectures - 26/9; Seminars - 0/0; Self-study - 49/66; Total - 75/75 Evaluation: 1. In seminar work (written assignment) the students will work in teams and will characterize and substantiate relevant factors with significant influences on International Trade of selected country. Students shall characterize political factors, country economic factors, environmental influences and other relevant features worth consideration. Written assignment of 15 – 20 pages will be complemented with presentation summarizing the major features and students´ findings on international trade of particular country.
Assessment methods
Final exam assessment method: Written exam.
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Note related to how often the course is taught: KS: 4|4|4, celkem 12.
The course is also listed under the following terms Summer 2014, summer 2017, summer 2018, summer 2021, summer 2022, summer 2023, summer 2024.
  • Enrolment Statistics (summer 2016, recent)
  • Permalink: https://is.ucp.cz/course/ucp/summer2016/MAE18