IBF402 International Trade

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Course Code Course Title Weekly Hours* ECTS Weekly Class Schedule
T P
IBF402 International Trade 3 0 6 Monday 11:00-12:50, Wednesday 10:00-10:50
Prerequisite ECON201 It is a prerequisite to
Lecturer Office Hours / Room / Phone

Currently not available

E-mail
Assistant Assistant E-mail dzsiljak@ius.edu.ba
Course Objectives This course combines economic analysis with attention to issues of economic policy alive and important today. Typical subjects covered are those of international trade theory and policy issues; economic integration; economic growth; international resource movements and foreign direct investment; cross border lending, factor markets, balance of payments and the foreign exchange market. Students should build abilities to understand global economic developments and to evaluate proposals for changing economic policies.
Textbook Krugman, P., Obstfeld, M., & Melitz, M. (2018). International Economics Theory and Policy 10e. Pearson. Pugel, T.A. (2009). International Economics 14e. McGraw-Hill. Madura, J. & Fox, R. (2011). International Financial Management 2e. South-Western Cengage Learning. Palankai, T. et al. (2014). Economics of Global and Regional Integration. Akademiai Kiado. Rivoli, P. (2009). Travels of a T-shirt in the Global Economy. John Wiley & Sons, Inc.
Learning Outcomes After successful  completion of the course, the student will be able to:
  1. Critically discuss the basic economics, international trade, and finance issues.
  2. Attribute regarding the principle of comparative advantage and how free trade between countries can benefit all, and under what conditions.
  3. Critically analyze major issues in international trade and finance, deal with them analytically, and identify possible resolutions for those issues
  4. Use already established methods to undertake investigation in International Economics and communicate the results
  5. Articulate on the now dominant economic theories and their global, regional, country and business applications
Teaching Methods Lectures will be interactive with an aim to involve students in elaborating on topics and they will be based on the problem solving of certain international economics related problems.
WEEK TOPIC REFERENCE
Week 1 Introductory lecture
Week 2 Comparative and absolute advantages Chapter 3 (Krugman, Obstfeld & Melitz)
Week 3 The standard trade model, Community indifference Chapter 3 (Pugel), Chapter 5 (Krugman, Obstfeld & Melitz)
Week 4 The Heckscher–Ohlin and Other Trade Theories Chapter 4 (Krugman, Obstfeld & Melitz)
Week 5 Trade restrictions: Tariffs, effects of a tariff on a small / Quiz 1 Chapter 8 (Krugman, Obstfeld & Melitz)
Week 6 Nontariff trade barriers to imports Chapter 9 (Krugman, Obstfeld & Melitz)
Week 7 Midterm Exam
Week 8 Growth and Development with International Trade trade associations Chapter 7 (Pugel)
Week 9 International resource movements, foreign direct investment Chapter 13 (Madura and Fox)
Week 10 Economic Integration, EU, NAFTA and other free trade associations. Chapter 12 (Pugel)
Week 11 The foreign exchange market and exchange rates, exchange rate determinations exchange rate determinations Chapter 12 and 19 (Krugman, Obstfeld & Melitz)
Week 12 International Lending and Financial Crises / Quiz 2 Chapter 21 (Pugel)
Week 13 The Optimum Currency Area and the Euro Chapter 20 (Krugman, Obstfeld & Melitz)
Week 14 Developing Countries: Growth, Crisis, and Reforms / Quiz 2 Chapter 22 (Krugman, Obstfeld & Melitz)
Week 15 Review
Assessment Methods and Criteria Evaluation Tool Quantity Weight Alignment with LOs
Final Exam 1 40 1,2,3,4,5
Semester Evaluation Compenents
Midterm Exam 1 30 1,2
Paper Project 1 10 1,2,3,4
Quizzes 2 10
Class attendance 15 10
***     ECTS Credit Calculation     ***
 Activity Hours Weeks Student Workload Hours Activity Hours Weeks Student Workload Hours
Lecture Hours 3 15 45 Term Project 13 1 13
Home Study 3 13 39 Home Study 3 13 39
Quiz 4 2 8 Final Exam Study 25 1 25
        Total Workload Hours = 150
*T= Teaching, P= Practice ECTS Credit = 6
Course Academic Quality Assurance: Semester Student Survey Last Update Date: 04/03/2020
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