国际通识课程 13.Syllabus of International Trade Principles

时间：2018-06-11


SYLLABUS OF INTERNATIONAL TRADE PRINCIPLES



Instructor: Chen chuanxing

Office Phone:51278080

Email:chenchuanx284@sina.com



REQUIRED TEXT

 1. INTERNATIONAL ECONOMICS, EIGHTH EDITION, DOMINICK SALVATORE, JOHN WILEY & SONS INC. 2004

 2. MODERN INTERNATIONAL TRADE, CHEN CHUANXING, SHANGHAI FOREIGN LANGUAGE EDUCATION PRESS


DESCRIPTION

This course introduces the student to the basic concepts, theories, and areas of study that comprise the field of International Trade. This course aims at helping the students to lay solid fundamentals of research and work in the field of foreign trade in the future. This course will enable to help the students understand and master the basic concepts and theories, strengthen their ability to engage in the theoretical research and practical work, to think independently, and to analyze and solve the problems.Throughout this course we will discuss theimpact of both theory and policy on foreign trade, economic growth.


OBJECTIVES

This course will be taught by using multi-medium, stressing basic concepts and basic theories, paying more attention to help the students to master the basic skills, applying international trade theories into Chinese economy in order to strengthen the ability to combine theories with practice, master the structure and contents of textbook, deepen the comprehension and application of basic knowledge so as to enhance the interest of their study.

Upon satisfactory completion of the course, students should:

  • Be able to understand the concepts and principles of international trade

  • Enhance their ability to analyze and solve problems

  • Familiarize the students with the approaches, techniques and policies of  international trade and economics

  • Apply a series of basic international trade principles to practice



COURSE ASSESSMENT

  • Class Attendance: 10%. Responsible attendance is expected of each individual enrolled in this course. Iwill circulate a sign-up sheet every day that we are scheduled to meet and you will forfeit one full percentagepoint for every unexcused absence beyond three. If you miss a lecture you are responsible for obtaining anymissed notes and/or handouts on your own unless you are officially excused.

You may be officially excused from a class meeting for one of four reasons: (1) You have an illness that prevents you from attending class and a doctor's note to that effect; (2) You have a personal emergency like a death in the family and are either excused before class or can document the emergency afterwards; (3) You have a university sponsored obligation (participation in a sporting event or student organization sponsored project)and are excused before the examination or case presentation; or, (4) You have the absence officially excused in writing by the Dean of Economics & Management.

  • Group/individual presentation & Class discussion: 20%. Students will be assigned presentations on the course topics, and are encouraged to actively participate in the class discussion.

  • Assignment: 20%. The students should finish the assignments such as key concepts, questions for review, problems and application in the related chapters, and hand in them on time.

  • Examinations: 50%. There will be 2 examinations (please note specific days and dates listed in the calendar) including the Midterm and Final examinations during this semester. Midterm Exam will be worth 20%, while the Final will be worth 30%. The questions will come from the assigned reading material, the lecture notes, as well as classdiscussions and exercises. Test paper will be presented withdefining, multiple choice, true/false, short essay, and long essay questions.



COURSE CONTENTS



Topics

Class Hours


Week

1-2

 TOPIC ONE

 The Law of Comparative Advantage


  • The Mercantilists’ View on Trade.

  • Trade Based on Comparative Advantage: Adam Smith.

  • Trade Based on Comparative Advantage: David Ricardo.

  • Comparative Advantage and Opportunity Costs.

  • The Basis for and the gains from trade Under Constant Costs.


 6



Week

3-4

 TOPIC TWO

 The Standard Theory of International Trade


  • The Production Frontier with Increasing Costs.

  • Community Indifference Curve.

  • Equilibrium in Isolation.

  • The Basis for and the Gains from Trade with Increasing Costs.

  • Trade Based on Difference in Tastes.


 6



Week

5-6

 TOPIC THREE

 Demand and Supply, Offer Curves, and the Terms of Trade


  • The Equilibrium Relative Commodity Price with Trade --- Partial Equilibrium Analysis.

  • Offer Curve.

  • The Equilibrium Relative Commodity Price with Trade --- General Equilibrium Analysis.

  • Relationship between General and Partial Equilibrium Analysis.

  • The Terms of Trade.


 6



Week

7-8

 TOPIC FOUR

 Factor Endowments and the Heckscher-Ohlin Theory


  • Assumptions of the Theory.

  • Factor Intensity, Factor Abundance, and the Shape of the Production Frontier.

  • Factor Endowments and the Heckscher-Ohlin Theory.

  • Factor-Price Equalization and Income Distribution.

  • Empirical Tests of the Heckscher-Ohlin Model.


 6



Week

9-10

 TOPIC FIVE

 Economies of Scale, Imperfect Competition, and International Trade


  • The Heckscher-Ohlin Model and New Trade Theories.

  • Economies of Scale and International Trade.

  • Imperfect Competition and International Trade.

  • Trade Based on Dynamic Technological Differences

  • Costs of Transportation, Environmental Standards, and International Trade.



 6



Week

11-12

 TOPIC SIX

 Economic Growth and International Trade


  • Growth of Factors of Production.

  • Technical Progress.

  • Growth and Trade: Small Country Case.

  • Growth and Trade: Large Country Case.

  • Growth, Change in Tastes, and Trade in Both Nations


 6



Week

13-14

 TOPIC SEVEN

 Trade Restrictions: Tariffs


  • Partial Equilibrium Analysis of a Tariff.

  • The Theory of Tariff Structure.

  • General Equilibrium Analysis of a Tariff in a Small Country.

  • General Equilibrium Analysis of a Tariff in a Large Country.

The Optimum Tariff.


 6



Week

15

 TOPIC EIGHT

 Nontariff Trade Barriers and the New Protectionism


  • Import Quotas.

  • Other Nontariff Barriers and the New Protectionism.

  • The Political Economy of Protectionism.

  • Strategic Trade and Industrial Policies.

  • The Uruguay Round and Outstanding Trade Problems.



 3



Week

16-17

 TOPIC NINE

 International Trade and Economic Development


  • The Importance of Trade to Development.

  • The Terms of Trade and Economic Development.

  • Export Instability and Economic Development.

  • Import Substitution versus Export Orientation.

  • Current Problems Facing Developing Countries



 6



Week 18

 General Review and Final Examination



 3




Total Hours

54








SYLLABUS OF INTERNATIONAL FINANCE



Instructor:

Office Phone:

Email:

 Office:


REQUIRED TEXT

 1. INTERNATIONAL FINANCIAL MANAGEMENT, CHEOL S. EUN, BRUCE G. RESNICK, BY MCGRAW-HILL COMPANIES. 2000

 2. INTERNATIONAL ECONOMICS, EIGHTH EDITION, DOMINICK SALVATORE, JOHN WILEY & SONS INC. 2004


DESCRIPTION

This course introduces the student to the basic concepts, theories, and areas of study that comprise the field of International Finance. This course aims at helping the students to lay solid fundamentals of research and work in the field of international finance in the future. This course will enable to help the students understand and master the basic concepts and theories, strengthen their ability to engage in the theoretical research and practical work, to think independently, and to analyze and solve the problems.Throughout this course we will discuss theimpact of both theory and policy on finance and economic growth.


OBJECTIVES

This course will be taught by using multi-medium, stressing basic concepts and basic theories, paying more attention to help the students to master the basic skills, applying international finance theories into Chinese economy in order to strengthen the ability to combine theories with practice, master the structure and contents of textbook, deepen the comprehension and application of basic knowledge so as to enhance the interest of their study.

Upon satisfactory completion of the course, students should:

  • Be able to understand the concepts and principles of international finance

  • Enhance their ability to analyze and solve problems

  • Familiarize the students with the approaches, techniques and policies of  international finance

  • Apply a series of basic international finance principles to practice



COURSE ASSESSMENT

  • Class Attendance: 10%. Responsible attendance is expected of each individual enrolled in this course. Iwill circulate a sign-up sheet every day that we are scheduled to meet and you will forfeit one full percentagepoint for every unexcused absence beyond three. If you miss a lecture you are responsible for obtaining anymissed notes and/or handouts on your own unless you are officially excused.

You may be officially excused from a class meeting for one of four reasons: (1) You have an illness that prevents you from attending class and a doctor's note to that effect; (2) You have a personal emergency like a death in the family and are either excused before class or can document the emergency afterwards; (3) You have a university sponsored obligation (participation in a sporting event or student organization sponsored project)and are excused before the examination or case presentation; or, (4) You have the absence officially excused in writing by the Dean of Economics & Management.

  • Group/individual presentation & Class discussion: 20%. Students will be assigned presentations on the course topics, and are encouraged to actively participate in the class discussion.

  • Assignment: 20%. The students should finish the assignments such as key concepts, questions for review, problems and application in the related chapters, and hand in them on time.

  • Examinations: 50%. There will be 2 examinations (please note specific days and dates listed in the calendar) including the Midterm and Final examinations during this semester. Midterm Exam will be worth 20%, while the Final will be worth 30%. The questions will come from the assigned reading material, the lecture notes, as well as classdiscussions and exercises. Test paper will be presented withdefining, multiple choice, true/false, short essay, and long essay questions.



COURSE CONTENTS



Topics

Class Hours


Week

1

 TOPIC ONE

 Balance of Payments


  • Balance-of-Payments Accounting Principles.

  • The International Transactions of the U.S.A.

  • Accounting Balances and Disequilibrium in International Transactions.

  • The International Investment Position of the U.S.A.

  • The Postwar Balance of Payments of the U.S.A.


 3



Week

2-3

 TOPIC TWO

 Foreign Exchange Markets and Exchange Rates


  • The Functions of the Foreign Exchange Markets.

  • Foreign Exchange Rates.

  • Spot and Forward Rates, Foreign Currency Swaps, Futures, and Options.

  • Foreign Exchange Risks, Hedging, and Speculation.

  • Interest Arbitrage and the Efficiency of Foreign Exchange Markets

  • Eurocurrency and Offshore Financial Market.


 6



Week

4-5

 TOPIC THREE

 Exchange Rates Determination


  • Purchasing-Power Parity Theory.

  • Monetary Approach to the Balance of Payments and Exchange Rates.

  • Asset Market Model and Exchange Rates.

  • Exchange Rates Dynamics.

  • Empirical Tests of the Monetary and the Asset Market Model and Exchange Forecasting.


 6



Week

6-7

 TOPIC FOUR

 The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates


  • Adjustment with Flexible Exchange Rates.

  • Effect of Exchange rates Changes on Domestic Prices and the Terms of Trade.

  • Stability of Foreign Exchange Markets.

  • Elasticities in the Real World.

  • Adjustment Under the Gold Standard.


 6



Week

8-9

 TOPIC FIVE

 The Income Adjustment Mechanism and Synthesis of Automatic Adjustments


  • Income Determination in a Closed Economy.

  • Income Determination in a Small-Open Economy.

  • Absorption Approach.

  • Monetary Adjustments and Synthesis of the Automatic Adjustments



 6



Week

10-11

 TOPIC SIX

 Open-Economy Macroeconomics: Adjustments


  • Internal and External Balance with Expenditure-Changing and Expenditure –Switching Policies.

  • Equilibrium in the Goods Market, in the Monet Market, and in the Balance of Payments.

  • Fiscal and Monetary Policies for Internal and External Balance with Fixed Exchange Rates.

  • The IS-LM-BP Model with Flexible Exchange Rates.

  • Policy Mix and Price Changes.

  • Direct Controls


 6



Week

12-13

 TOPIC SEVEN

 Prices and Output in an Open Economy: Aggregate Demand Aggregate Supply


  • Aggregate Demand, Aggregate Supply, and Equilibrium in a Closed Economy.

  • Aggregate Demand in an Open Economy under Fixed and Flexible Exchange Rates.

  • Effect of Economic Shocks and Macroeconomic Policies on Aggregate Demand in Open Economies with Flexible Exchange Rates.

  • Effect of Fiscal and Monetary Policies in Open Economies with Flexible Rates.

  • Macroeconomic Policies to Stimulate Growth and Adjust to Supply Shocks

The Optimum Tariff.


 6



Week

14-15

 TOPIC EIGHT

 Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination


  • The Case for Flexible Exchange Rates.

  • The Case for Fixed Exchange Rates.

  • Optimum Currency Areas, the European Monetary System, and the European Monetary Union.

  • Currency Board Arrangements and Dollarization.

  • Exchange Rates Bands, Adjustable Pegs, Crawling Pegs, and Managed Floating.



 6



Week

16-17

 TOPIC NINE

 The International Monetary System: Past, Present, and Future


  • The Gold Standard and the Interwar Experience.

  • The Bretton Woods System.

  • Operation and Evolution of the Bretton Woods System.

  • U.S Balance of Payments Deficits and Collapse of the Bretton Woods System.

  • The International Monetary System: Present and Future



 6



Week 18

 General Review and Final Examination



 3




Total Hours

54