APPLIES TO ACADEMIC YEAR 2012/2013
EXC 3603 International Economics|
Responsible for the course
Per Botolf Maurseth
Department of Economics
According to study plan
Language of instruction
The course gives the students an introduction to international economics. Among the topics are gains from and problems with international trade and economic globalization. The course gives an overview of main theories of international trade and international investments. The course also covers trade policy.
The course introduces the students to the main concepts of international economics. Among the topics covered are the gains and problems of globalization, theories of comparative advantages, international trade and increasing returns, international factor movements and trade policy. The course introduces the students to economic theories in international economics as well as empirical regularities. It also places an emphasis on international trade policy issues. Do tariffs support or retard economic development? Do export subsidies harm other countries? Who gains and who loses from economic integration? Relationships between poor and rich countries are also discussed.
During the course students will:
After completing the course students will:
Students will gain insights into main dilemmas about trade policies, and will be able to reflect on why international trade is both a source of welfare and of conflict. This special field gives rich opportunities for reflecting on the debates related to the importance of international trade and economic integration.
Intermediate microeconomics and macroeconomics
Krugman, Paul R., Maurice. Obstfeld and Marc J. Melitz. 2012. International economics : theory & policy. 9th ed. Addison Wesley. Ch. 1-11
Mundell, Robert A.. 1957. International Trade and Factor Mobility. American Economic Review. 47. 321-334
Internet-based assignments and cases may be used.
Learning process and workload
The course will be conducted as a combination of lectures and exercise solutions.
Detailed information about the axercises will be given when sourse starts.
Recommended workload in hours
A 3 hour individual written exam concludes the course.
EXC 36031 - Written examination, counts 100% towards the final grade in EXC xx19 International Economics, 7,5 credits.
Examination support materials
A BI defined calculator TEXAS INSTRUMENTS BA II Plus™ and a bilingual dictionary are allowed
Examination support materials at written examinations are specified under exam information in our web-based Student Handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids
A re-sit examination is offered the next time course is taught.
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