Educational guide Faculty of Business and Economics |
english |
Bachelor's Degree in Business Administration and Management (CTE) |
Subjects |
WORLD ECONOMY |
Contents |
IDENTIFYING DATA | 2016_17 |
Subject | WORLD ECONOMY | Code | 16234105 | |||||
Study programme |
|
Cycle | 1st | |||||
Descriptors | Credits | Type | Year | Period | ||||
6 | Compulsory | Third | 1Q |
Competences | Learning outcomes | Contents |
Planning | Methodologies | Personalized attention |
Assessment | Sources of information | Recommendations |
Topic | Sub-topic |
UNIT 1. Introduction. |
1.1. Reasons for trade. 1.2.Trade flows, movement of people (migration) and movement of capital (FDI) nowadays. |
UNIT 2. Trade and technology: the Ricardian model. |
2.1. Absolute advantage and comparative advantage. 2.2. Trade and wages. 2.3. Application: Labor productivity and wages. 2.3. Other applications. |
UNIT 3. Gains and losses from trade: the specific-factor model. |
3.1. Mobile and specific factors. 3.2. Determination of wages. 3.3. Earning of capital and land. 3.4. Redistributive effects of trade. 3.5. Applications. |
UNIT 4. Trade and resources: the Heckscher-Ohlin model. |
4.1. Model assumptions and model predictions. 4.2. Application: the Leontief paradox. 4.3. The effect of trade on factor prices. 4.4. Model extensions: many goods, factors and countries. 4.5.More empirical tests of the model. |
UNIT 5. Movement of labor and capital between countries. |
5.1. Migration. 5.2. Foreign Direct Investment (FDI). 5.3. Applications. 5.4. Gains from migration and FDI: theory and empirical evidence. |
UNIT 6. Intra-industry trade: economies of scale and perfect competition. |
6.1. Monopolistic competition. 6.2. Trade and monopolistic competition. 6.3. Applications: the gravity equation and the adjustment costs due to the opening to trade. |
UNIT 7. Foreign outsourcing of goods and services. |
7.1. The value chain and outsourcing. 7.2. Application: outsourcing and the skilled-unskilled wage premium. 7.3. A simple model of outsourcing. 7.4. Gains from outsourcing. 7.5. Outsourcing of services. |
UNIT 8. Trade policy I: tariffs and quotas under perfect competition. |
8.1. A brief history of WTO and the key provisions of GATT. 8.2. Tariffs for a large and a small country. 8.3. Quotas for a large and a small country. 8.4. Applications: the Multifibre arrangment and others. |
UNIT 9. Trade policy II: tariffs and quotas under imperfect competition. |
9.1. Tariffs and quotas with a monopoly at home. 9.2. Infant industry protection. 9.3. Applications. 9.4. Tariffs with a foreign monopoly. 9.5. Dumping and the policy response to dumping. |
UNIT 10. Trade policy III: export subsidies in agriculture and high-technology industries. |
10.1 Agricultural export subsidies in a large and a small country. 10.2. Agricultural production subsidies. 10.3. High-technology export subsidies. 10.4. Applications. |
UNIT 11. International agreements: trade, labor and the environment. |
11.1. Multilateral and regional trade agreements. 11.2. Trade creation and trade diversion. 11.3. International trade agreements and labor issues. 11.4. International trade agreements and the environment. 11.5. Applications |