Type A
|
Code |
Competences Specific |
| A1 |
Explain how the economy works on both the macroeconomic and microeconomic.
|
| A6 |
Analyze the various contexts in which professional economists work: the economic environment, industry, the market, business and individual departments
|
Type B
|
Code |
Competences Transversal |
| B3 |
Critical, logical and creative thinking, and an ability to innovate |
| B4 |
Autonomy, responsibility and initiative |
Type C
|
Code |
Competences Nuclear |
| C1 |
Have an intermediate mastery of a foreign language, preferably English |
| C3 |
Be able to manage information and knowledge |
| C4 |
Be able to express themselves correctly both orally and in writing in one of the two official languages of the URV |
Type A
|
Code |
Learning outcomes |
| A1 |
Understand the theoretical models regarding international commerce and trading policies.
Apply analytical tools for intepreting external trade patterns and trade policies in the real world.
|
| A6 |
Understand the most important concepts of international economics.
|
Type B
|
Code |
Learning outcomes |
| B3 |
Be aware of the limitations and weak points of their work processes and methods.
Find new methods for doing things.
|
| B4 |
Present results before the stipulated deadlines.
Present results in the appropriate way in accordance with the bibliography provided and before the deadline.
|
Type C
|
Code |
Learning outcomes |
| C1 |
Understand instructions about classes or tasks assigned by the teaching staff.
|
| C3 |
Critically evaluate information and its sources, and add it to their own knowledge base and system of values.
Have a full understanding of the economic, legal, social and ethical implications of accessing and using information.
|
| C4 |
Produce well-structured, clear and rich written texts
Produce written texts that are appropriate to the communicative situation
|
Topic |
Sub-topic |
UNIT 1. Introduction.
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1.1. Reasons for trade.
1.2.Trade flows, movement of people (migration) and movement of capital (FDI) nowadays.
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UNIT 2. Trade and technology: the Ricardian model.
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2.1. Absolute advantage and comparative advantage.
2.2. Trade and wages.
2.3. Application: Labor productivity and wages.
2.3. Other applications.
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UNIT 3. Gains and losses from trade: the specific-factor model.
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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.
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UNIT 4. Trade and resources: the Heckscher-Ohlin model.
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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.
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UNIT 5. Movement of labor and capital between countries.
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5.1. Migration.
5.2. Foreign Direct Investment (FDI).
5.3. Applications.
5.4. Gains from migration and FDI: theory and empirical evidence.
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UNIT 6. Intra-industry trade: economies of scale and perfect competition.
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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.
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UNIT 7. Foreign outsourcing of goods and services.
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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.
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UNIT 8. Trade policy I: tariffs and quotas under perfect competition.
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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.
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UNIT 9. Trade policy II: tariffs and quotas under imperfect competition.
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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.
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UNIT 10. Trade policy III: export subsidies in agriculture and high-technology industries.
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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.
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UNIT 11. International agreements: trade, labor and the environment.
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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
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