Fall 2022 - ECON 342 D100
International Trade (3)
Class Number: 3653
Delivery Method: In Person
Course Times + Location:
Th 12:30 PM – 2:20 PM
WMC 3520, Burnaby
Exam Times + Location:
Dec 7, 2022
12:00 PM – 3:00 PM
WMC 3520, Burnaby
1 778 782-3565
Prerequisites:ECON 103 with a minimum grade of C- or ECON 113 with a minimum grade of A-; ECON 105 with a minimum grade of C- or ECON 115 with a minimum grade of A-; 60 units or permission of the department.
Topics discussed in this course are: gains from trade in a classical world; the modern theory of international trade; factor price equalization; empirical tests and extensions of the pure theory model; economic growth and international trade; the nature and effects of protection; motives and welfare effects of factor movements; multinational enterprises; the brain drain; customs union theory; pollution control and international trade. Students with credit for ECON 442 cannot take this course for further credit. Quantitative.
This course develops approaches to international trade including theories based on technology, factor endowments, and scale economies. It will also look at trade policy and the political economy that leads to the development and use of instruments such as tariffs and quotas and other forms of regulation. Trade issues in the context of economic development will be the focus in the latter part of the course.
Week 1: Chapters 1 and 2 and start on Chapter 3 – An Overview of World Trade and Comparative Advantage
Week 2: Chapter 3 – Technology Based Trade: The Ricardian Model
Week 3: midterm 1
Week 4: Chapter 4 – Income Distribution: The Specific Factors Model
Week 5: Chapter 5 – Factor Resource Based Trade: The Heckscher-Ohlin Model
Week 6: Chapter 6 - The Standard Model and Factor Mobility
Week 7: Finishing up chapters 4/5/6
Week 8: midterm 2
Week 9 and 10: Chapter 9 - The Instruments of Trade Policy and Chapter 10 - Political Economy of Trade Policy
Week 11: Chapter 11 - Trade Policy in Developing Countries
Week 12: midterm 3
Week 13: Chapter 11 and 12 - Trade Policy Controversies and Current Directions
- Midterm (3 exams, each 20%) 60%
- Final Exam 20%
- Attendance and Assignment 20%
There will be three midterms (20% each) and a final exam (20%). The final is cumulative. Tutorial attendance and assignments as needed are worth 20%.
The textbook for this course is a custom Pearson version of Krugman, Obstfeld and Melitz, International Trade, (2017).
Ebook subscription without MyEconLab ISBN: 978-0134520896
(please note MyEconLab will NOT be required to complete coursework)
REQUIRED READING NOTES:
Your personalized Course Material list, including digital and physical textbooks, are available through the SFU Bookstore website by simply entering your Computing ID at: shop.sfu.ca/course-materials/my-personalized-course-materials.
Department Undergraduate Notes:
Please note that, as per Policy T20.01, the course requirements (and grading scheme) outlined here are subject to change up until the end of the first week of classes.
Final exam schedules will be released during the second month of classes. If your course has a final exam, please ensure that you are available during the entire final exam period until you receive confirmation of your exam dates.Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or firstname.lastname@example.org.
***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***
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