EC1TTNU-International Trade Theory

Module Provider: School of Politics, Economics and International Relations
Number of credits: 10 [5 ECTS credits]
Level:4
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2021/2

Module Convenor: Dr Hussein Hassan
Email: hussein.hassan@reading.ac.uk

Type of module:

Summary module description:

NUIST Module Lead: ÌýDr Irfan UllahÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý Email: irfanecon@nuist.edu.cn

This module provides a complete treatment of introductory to intermediate level International Trade Theory. It offers both a theoretical component and a policy-based applied section. The theoretical component covers all the conventional trade models discussed in the literature. This module explains trade theory that starts at an aggregate level and then moves towards a market-oriented, firm-level analysis with theoretical implications at both micro and macro levels.

Aims:

International Trade is an important module at NUIST ºÚ¹Ï³ÔÁÏÍø Academy. This module aims to provide introductory theories of International Trade, such asÌýÌý the Ricardian Model, the Heckscher - Ohlin Model, Specific Factors and Income Distribution Model. The module also offers a theoretical treatment of firms within the framework of the global economy. The main objective is to provide a sufficient background that allows student to understand the linkages between trade, firm productivity, efficient resource utilization both at micro and macro levels.

Assessable learning outcomes:

By the end of the semester, the students should be able to:

• Offer a working knowledge of common trade models, including the Ricardian and the Heckscher-Ohlin at both theoretical and applied levels.


• To understand the concepts of opportunity cost, comparative advantage, and the production possibilities frontier.


• Analyse the impact of labor, capital, and technology differences between international actors on their trade performance s.


• Display a functional understanding of the effect of firm-level decisions and sectoral composition on export dynamics

Additional outcomes:

To undertake quantitative problem solving related to the international trade module

Outline content:

A range of topics including: the concept of Opportunity Cost and PPF Model, The Ricardian Model, Specific Factors and Income Distribution Model, Heckscher - Ohlin Model, The Standard Trade Model, External Economies of Scale and The International Location of Production, Firms in the Global Economy

Brief description of teaching and learning methods:

The module offers an introduction to a range of trade theories applicable both at micro and macroeconomic level. Lectures cover the main module material, supported by weekly classes.