Assignment:
International Economics
Module Aims
• To develop a theoretical understanding of the causes of world trade
• To obtain an understanding of the welfare implications concerning gains from free trade and costs of protectionism
• To develop an understanding of the global trading system
Learning Materials
• Lecture Handouts
• D. Salvatore, 2010, International Economics, 10th ed. Wiley.
• Paul R. Krugman and Maurice Obstfeld, 2009, International Economics-theory and policy, 8thed. Pearson
Learning Objectives
Knowledge: By the end of the course, students should know
(1) trade theories;
(2) economics instruments and trade policy
(3) the gains from trade and the welfare effects;
(4) the welfare effects of economic integration;
(5) how the world trading system works;
(6) the role of the WTO.
Skills: At the end of this module student should be able to
(1) identify the causes of world trade;
(2) describe the welfare effects of free trade;
(3) describe the process of international trade negotiation and the contributions of the WTO;
(4) explain the impact of CAP on world agricultural trade
(5) discuss whether euro area is an optimal currency area.
In-class test (Jan, 2012)