INTERNATIONAL ECONOMICS

NATIONAL UNIVERSITY OF MANAGEMENT

Course Outline

INTERNATIONAL ECONOMICS

 

Instructor:       Mr. Kuyly Keo

Office:             Mobile: 012851773                            E-mail: keokuyly@gmail.com

 

Course Objectives:

International Economics considers the trade, political and financial linkages among countries. The first part of this course covers international trade theories, international factor movements, the effects of protection policies, and the effects of regional trade agreements. The second part covers international financial linkages, including balance of payment and exchange rate determination and macroeconomic coordination. Student must be familiar with basic microeconomic tools such as demand-supply analysis, production possibility frontier and the concepts of perfect competition, monopoly, oligopoly and monopolistic competition, as well as macroeconomic concepts such as national income accounting, monetary and fiscal policies.

 

Textbook

1. Paul Krugman and Maurice Obstfeld, (2003), International Economics: Theory and Policy, Addison and Wesley, 6^th edition.

2. Salvator, D (1998) 'International Economics,' Prentice Hall Publishing, Sixth edition.

3. Caves, R.D.; J.A. Frankel and R.W. Jones (2002) World trade and Payments, Addison Wesley Publishers, 9^th edition.

 

Evaluation:

The course grade is based on three elements:

Midterm                      40%

Group Assignment     0%

Attendance                  10%

Final                            50%

Reading list:

 

Part I: International Trade

A.    Models of International Trade

1.   Labor Productivity and Comparative Advantage: The Ricardian Model (K&O chapter2).

2.   Specific Factors and Income Distribution                                             (K&O chapter.3)

3.   The Heckscher-Ohlin Model                                                                 (K&O chapter4).

4.   Economies of Scale, Imperfect Competition, and International Trade (K&O chapter6)

5.   International Factor Movements                                                           (K&O chapter7)

B.    International Trade Policy

6. The Instrument of Trade Policy                                                             (K&O chapter8)

7. The Political Economy of Trade Policy                                                (K&O chapter 9)

Part II: International Finance

C.    Exchange Rates and Open-Economy Macroeconomics

8. National Income Accounting and the Balance of Payments                 (K&O chapter 12)

9. Exchange Rate and the Foreign Exchange Market                               (K&O chapter13)

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