Předmět International Trade (JEB039)

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Materiál	Typ	Datum	Počet stažení

Cíl

At the end of the course its students should:(i)                Understand main factors which determine trade flows and effects of trade on economic structures and welfare according to mainstream economic theories.(ii)              Understand traditional models describing effects of tariffs and quotas on national economies.(iii)             Gain at least basic insight into the logic of latest development in trade theory (heterogenous firms).(iv)             Know basic methods of analysis of trade flows and trade policies

Sylabus

Classes are on Fridays, in Hall 206, commencing on 2 October 2015. Lectures 9.30 - 10.50, seminars 11.00 - 12.20. Office hours of V. Semerak: after the class on Friday in the room ##311 or by appointment.Detailnější informace ke kurzu a materiály k jednotlivým přednáškám/seminářům jsou postupně zpřístupňovány přes systém Moodle. Topics that will be discussed during the lectures/seminars:Introduction. Trade data and trends.Model of comparative advantage (Ricardo) and its extensions.Neoclassical models - the role of differences in factor endowments. Specific factor model.Heckscher-Ohlin model: derivation of the Leamer diagram. Stolper-Samuelson theorem. Factor Price equalization. Rybczynski theorem.Empirical tests of trade theory. Leontief paradox. Intra-industry trade. Alternative theories of international trade (Product cycles, Linder's overlapping demands).New theory of international trade: Krugman model with monopolistic competition and increasing returns to scale.Introduction to the "New new" theory - models with heterogenous firms (Melitz).Introduction to the New Economic Geography (NEG)Trade policy: basic instruments, partial equilibrium models.Trade policy: general equilibrium, large country issues.Economic integration: customs unions and free trade areas. Trade creation and trade diversion effects.Models with mobility of factors of production.Presentations of papers

Literatura

Basic text:KRUGMAN, P.R., OBSTFELD M., MELITZ M.J. International Economics - Theory and Policy. 10th edition. Pearson. 2014. ISBN 978-0133423648 or newer editions.Alternative texts or texts useable for specific topics: HELPMAN, E. Understanding Global Trade. Belknap Press, 2011. ISBN-10: 0674060784, ISBN-13: 978-0674060784PUGEL, T.A.: International Economics. 14th edition. McGraw-Hill Irwin, ISBN 978-0-07-3375757-5 Following online textbook is also relevant for our course: S. Suranovic - International Economics Study Center: http://internationalecon.com/ Please check the Moodle website of the course for latest details. It also contains handouts and links to other materials.

Garant

Ing. Vilém Semerák, M.A., Ph.D.

Vyučující

doc. Ing. Vladimír Benáček, CSc.Arshad Hayat, M.Sc.