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Course Outline International Economics I

this is the course outline for international trade

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Christopher Buffalo Muzota
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25 views4 pages

Course Outline International Economics I

this is the course outline for international trade

Uploaded by

Christopher Buffalo Muzota
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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BINDURA UNIVERSITY OF SCIENCE EDUCATION

FACULTY OF COMMERCE

DEPARTMENT OF ECONOMICS

BACHELOR OF SCIENCE HONOURS DEGREE IN ECONOMICS

COURSE OUTLINE FOR INTERNATIONAL ECONOMICS I– Code EC 204

Lecturer : Mrs R. Karambakuwa


Email : [email protected] Contact number 0772 772 091
Office 10, Commerce Building, Main Campus

Course aims & objectives:

At the end of the course, students should be able to:-


 Appreciate key issues pertaining international trade.
 Recognize the developments in international trade.
 Understand fundamental challenges facing economies with respect to international trade.
 Appreciate the key international trade objectives which governments may pursue.

Course assessment:

 Course work worth 30% (2 assignments and 1 in class test)


 Final exam 70%
 Students must get 40% of the coursework before they can sit for the examination

COURSE CONTENT

WEEK LECTURE CONTENT


(Two Hours)

1 1.(2 Hrs) 1. Introduction


1.1 Definition of International Economics and International
Trade
1.2 Basis of International Economics

2 (2 Hrs) 2. Reasons for International Trade


2.1 The Mercantilists
2.2 Absolute Advantage trade theory by Adam Smith
2.3 Comparative Advantage theory by David Ricardo

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2 3 (2 Hrs) 2.4 Heckscher - Ohlin theory of trade and the Leontief
paradox
2.5 Factor proportions theory
2.6 Factor price equalisation theorem

4 (2 Hrs) 2.7 Stolper-Samuelson theorem of foreign trade and


income distribution
2.8 Specific factors model
2.9 Chamberlin’s monopolistic competition model

3 5 (2 Hrs) 2.10 Trade theory based on economies of scale


2.11 Linder’s spillover theory
2.12 Technological gap theory of trade
2.13 Product cycle theory

6 (2 Hrs) 3. Factor Movements


3.1 International Trade vs International Factor Movements
3.2 International Movements of Capital

4 7 (2 Hrs) 3.3 International Movements of Labour


3.4 The Multinational Corporation

8 (2 Hrs) 4. Protection and Trade Policies


4.1 The role of tariffs
4.2 The infant industry argument
4.3 The Balance of payment (BOP) Argument

5 9 (2 Hrs) 4.4 The employment argument


4.5 The ‘cost’ of protection
4.6 Economic growth and trade benefits of International
Trade

10(2 Hrs) 4.7 Terms of Trade


4.8 Constant Costs and Increasing opportunity costs
4.9 Export Instability

6 11(2 Hrs) 5. Barriers to Trade


5.1 Explanation of tariffs
5.2 Effective rate of protection
5.3 Arguments for trade protection

12(2 Hrs) MID SEMESTER BREAK


7 13(2 Hrs) MID SEMESTER BREAK

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14 (2Hrs) 6. Non Tariff Distortions to Trade
6.1 Non tariff barriers to trade
6.2 Economic effects of a quota
6.3 Arguments against protection
6.4 Dynamic gains from trade

8 15(2Hrs) 7. Trade Policy


7.1 GATT
7.2 WTO - Evolution and principles, Agreements, Trade
instruments
7.3 Zimbabwean Trade Policy
7.4 Export Processing zones

16(2Hrs) IN CLASS TEST


8. Regional Economic Arrangements
9 17(2Hrs) 8.1 SADC, COMESA
8.2 EU and AU
8.3 Degree and effects of Economic Integration
4.4 ACP- EU Economic Cooperation
Lome Convention, Cotonou Agreement

18(2Hrs) 9. Intraindustry Trade


9.1 Definition
9.2 Intraindustry vs. Interindustry Trade
9.3 Intraindustry trade in homogeneous and differentiated
products
9.4 Welfare Implications
10 19(2Hrs) Tutorials
20(2Hrs) Tutorials
11 21 (2Hrs) Tutorials
22 (2Hrs) Class presentations
12 23 (2Hrs) Class presentations
24(2Hrs) Class presentations

REFERENCE MATERIAL

Textbooks in International Economics are available in the university library including:

1. Sawyer W. Charles, Sprinkle Richard L. International Economics, (2004) Prentice Hall of


India, New Delhi.
2. Dwivedi D.N. International Economics, (1999), Konark Publishers, Delhi
3. Ingham B. International Economics. A European Focus (2004) Prentice Hall, England

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4. Salvatore D. International Economics 8th Edition (2004) Wiley International Edition
Online Resources

1. http://ec.europa.eu/europeaid/where/acp/overview/cotonou-agreement/
2. http://www.eu-oplysningen.dk/euo_en/spsv/all/97/
3. http://www.zimtrade.co.zw/pdf/pdf/Government%20policies/Zimbabwe-National-
Trade-
Policy-Document-(2012%20-%202016).pdf
4. Make use of other e-resources available from the library

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