ECON 341

Course Code & Number

ECON 341

Course Title

International Economics I

Level

BS

Credit Hours/ ECTS Credits

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Year of Study:

Junior

Semester:

Fall

Type of Course:

Elective

Mode of Delivery:

Face-to-face

Language of Instruction:

English

Pre-requisite / Co-requisite::

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.

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. 

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.