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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.
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 tradepolicy 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.
Subject to approval of the Head of Department
Students must attend one activity from each section.
Onur Koska
Assessment In Te Reo MāoriIn 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.
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 PressKrugman, 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 hereMarkusen, J.R., Melvin, J.R., Kaempfer, W.H. & Maskus, K.E. (1995) International Trade: Theory and Evidence: MacGraw-Hill. Available hereRelevant sections in The Handbook of International Economics, volumes 3 & 4. Available here
Domestic fee $1,066.00
International Postgraduate fees
* 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 .