ECON657-24S2 (C) Semester Two 2024

International Trade

15 points

Details:
Start Date: Monday, 15 July 2024
End Date: Sunday, 10 November 2024
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 28 July 2024
  • Without academic penalty (including no fee refund): Sunday, 29 September 2024

Description

This course explains why countries trade goods and services, patterns of trade, and the consequences of trade and of trade interventions. It extends the basic theory of international trade to more complex, interesting and empirically relevant cases. It will provide students with an advanced understanding of the core of modern trade theory, from both positive and normative perspectives.

ECON657 focuses on the microeconomic aspects of international trade and trade policy and explains why countries trade goods and services, patterns of trade, and the consequences of trade and of trade interventions. This course extends the basic theory of international trade to more complex, interesting and empirically relevant cases, aiming at providing students with (a) an advanced understanding of the core of modern trade theory, from both positive and normative perspectives, and (b) analytical tools necessary to understand existing trade models and to construct new models to further trade knowledge.

Learning Outcomes

The broad objectives for the course are as follows:
1. Be able to discuss causes and consequences of international trade and trade interventions.
2. Be able to use traditional models to analyse inter-industry trade patterns and the effects of trade on consumption, production and welfare.
3. Be able to use models of imperfect competition to analyse intra-industry trade and strategic trade
policy issues.
4. Be able to use models of imperfect competition to analyse multinational firm behaviour and foreign direct investment.
5. Be able to read, understand and discuss academic research papers in international trade.

Prerequisites

Subject to approval of the Head of Department

Timetable 2024

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Thursday 10:00 - 12:00 A7
15 Jul - 25 Aug
9 Sep - 20 Oct
Tutorial A
Activity Day Time Location Weeks
01 Wednesday 10:00 - 11:00 Psychology - Sociology 251
29 Jul - 25 Aug
9 Sep - 20 Oct

Course Coordinator / Lecturer

Onur Koska

Assessment

Assessment Due Date Percentage 
Assignments 25%
Paper 15%
Term Test 25%
Final Exam 35%


Assessment In Te Reo Māori
In recognising that Te Reo Māori is an official language of New Zealand, the University provides for students who may wish to use Te Reo Māori in their assessment. If you intend to submit your work in Te Reo Māori you are required to do the following:

Read the Assessment in Te Reo Māori Policy and ensure that you meet the conditions set out in the policy. This includes, but is not limited to, informing the Course Coordinator 1) no later than 10 working days after the commencement of the course that you wish to use Te Reo Māori and 2) at least 15 working days before each assessment due date that you wish to use Te Reo Māori.

Textbooks / Resources

The following books are recommended (not required) for gaining better understanding of the topics. I will also provide you with additional recommended readings throughout the semester.
Feenstra, R.C. & Taylor, A.M. (2021) International Trade (5th Ed.): Macmillan (undergraduate level)
Feenstra, R.C., Advanced International Trade: Theory and Evidence (any Ed.): Princeton Univ Press
Krugman, P., Obstfeld, M. & Melitz, M. (2022) International Trade: Theory and Policy (12th Ed.): Pearson (undergraduate level)
Markusen, J.R. & Maskus, K.E. (2011) International Trade: Theory and Evidence. Available here
Markusen, J.R., Melvin, J.R., Kaempfer, W.H. & Maskus, K.E. (1995) International Trade: Theory and Evidence: MacGraw-Hill. Available here
Relevant sections in The Handbook of International Economics, volumes 3 & 4. Available here

Indicative Fees

Domestic fee $1,066.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Department of Economics and Finance .

All ECON657 Occurrences

  • ECON657-24S2 (C) Semester Two 2024