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GRA 6649 International Economics

APPLIES TO ACADEMIC YEAR 2016/2017

GRA 6649 International Economics


Responsible for the course
Per Botolf Maurseth

Department
Department of Economics

Term
According to study plan

ECTS Credits
6

Language of instruction
English

Introduction
International economic integration is the major ingredient in economic globalization. This course gives students an advanced introduction to the major theories of international trade and investments, and economic integration.

Learning outcome
Students will acquire knowledge of the main models of economic integration from standard economic theory. They will learn to how analyse real world problems with advanced theoretical modelling tools. Topics such as comparative advantages, new trade theory, trade and growth and foreign direct investments are covered. Both theoretical and empirical questions are covered. Also trade policy is covered and students will learn how to analyse trade policy from theoretical perspectives. The student will have acquired knowledge about international capital movements and labour migration and their relationships with international trade. The student will also have understanding of firm based theories of international trade and how these differ from standard theories.

Prerequisites
GRA 6031 Microeconomics or equivalent
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Compulsory reading
Books:
Bowen, Harry P., Abraham Hollander, Jean-Marie Viaene. 2012. Applied international trade. 2nd ed. Palgrave Macmillan. 568. New main textbook
Krugman, Paul R. 1990. Rethinking international trade. MIT Press. Selected chapters


Collection of articles:
Selected articles will be added

Other:
During the course there may be hand-outs and other material on additional topics relevant for the course and the examination


Recommended reading

Course outline
Main topics are
* comparative advantage and gains from trade
* new trade theory based on monopolistic competition and increasing returns to scale
* international trade, factor mobility and foreign direct investments
* international trade and growth

Computer-based tools


Learning process and workload
A course of 6 ECTS credits corresponds to a workload of 160-180 hours.

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on the course homepage/It's learning or text book.



Examination
Written examination 3 hours


Form of assessment Weight Group size
Written examination 3 hours 100%

Specific information regarding student assessment will be provided in class. This information may be relevant to requirements for term papers or other hand-ins, and/or where class participation can be one of several components of the overall assessment. Candidates may be called in for an oral hearing as a verification/control of written assignments.

Examination code(s)
GRA 66491 written exam accounts for 100 % of the final grade in the course GRA 6649.

Examination support materials
Bilingual dictionary
Permitted examination support materials for written examinations are detailed under examination information in the student portal @bi. The section on support materials and the use of calculators and dictionaries should be paid special attention to.

Re-sit examination
It is only possible to retake an examination when the course is next taught. The assessment in some courses is based on more than one exam code. Where this is the case, you may retake only the assessed components of one of these exam codes. All retaken examinations will incur an additional fee. Please note that you need to retake the latest version of the course with updated course literature and assessment. Please make sure that you have familiarised yourself with the latest course description.

Additional information
Honour code. Academic honesty and trust are important to all of us as individuals, and are values that are integral to BI's honour code system. Students are responsible for familiarising themselves with the honour code system, to which the faculty is deeply committed. Any violation of the honour code will be dealt with in accordance with BI’s procedures for academic misconduct. Issues of academic integrity are taken seriously by everyone associated with the programmes at BI and are at the heart of the honour code. If you have any questions about your responsibilities under the honour code, please ask. The learning platform itslearning is used in the teaching of all courses at BI. All students are expected to make use of itslearning.