Course Code & Number
ECON 341
Course Title
International Economics I
Credit Hours/ ECTS Credits
(3+0+0) 3 TEDU Credits, 6 ECTS Credits
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite::
Pre-requisites: ECON 212
Co-requisites: NONE
Catalog Description
The law of comparative advantage. The Ricardian, the Heckscher-Ohlin and the increasing Returns models of international trade. Economic growth and trade. Trade policy analysis: tariffs and nontariff barriers. Economic integration. International factor movements.
Course Objectives
The main objective of this course is to introduce students the international trade theory. Students would understand comparative advantage, economies of scale and trade policy.
Software Usage
Students will use MS Office applications (Word, Excel, Access) to work on their weekly assignments about 2 hours a week.
Course Learning Outcomes
Upon succesful completion of this course, a student will be able to
1. Calculate comparative advantage using labor productivity.
2. Explain the assumptions and structure of standard models of international trade theory and policy.
3. Solve simplified versions of trade theories.
4. Discuss the importance of economies of scale in trade.
5. Apply the models to interpret and analyze real problems in international economics.
6. Describe international factor movements and their impacts on trade policy.
7. Present trade policy in developing countries emphasizing on controversies in trade policy.
Learning Activities and Teaching Methods:
Telling/Explaining
Discussion/Debate
Questioning
Reading
Peer Teaching
Demonstrating
Problem Solving
Case Study/Scenarion Analysis
Simulation & Games
Video Presentations
Oral Presentations/Reports
Guest Speakers
Web Searching
Assessment Methods and Criteria:
Test / Exam
Quiz
Case Studies / Homework
Presentation (Oral/Poster)
Assessment Methods and Criteria Others:
Recommended Reading
1. Feenstra. R. and A. Taylor, International Economics. Worth Publishers, New York, 2007.
2. Appleyard. D. R., A. J. Field and S. L. Cobb, International Economics. 7th Edition, McGraw Hill, New York, 2010.
Required Reading
1. Krugman. P., M. Obstfeld and M. Melitz, International Economics: Theory and Policy. 9th Edition, Prentice Hall, New York, 2011.
Learning Activities and Teaching Methods Others:
Course & Program Learning Outcome Matching:
