| Competences |
| Type A | Code | Competences Specific |
| A1 | Understand the basic micro-and macroeconomic principles involved in business management. | |
| 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 |
| Learning outcomes |
| 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. | |
| 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 |
| Contents |
| 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 |
| Planning |
| Methodologies :: Tests | ||||||||||
| Competences | (*) Class hours |
Hours outside the classroom |
(**) Total hours | |||||||
| Introductory activities |
|
2 | 0 | 2 | ||||||
| Lecture |
|
34 | 34 | 68 | ||||||
| Problem solving, exercises in the classroom |
|
20 | 40 | 60 | ||||||
| Seminars |
|
4 | 4 | 8 | ||||||
| Personal attention |
|
4 | 4 | 8 | ||||||
| Mixed tests |
|
4 | 0 | 4 | ||||||
| (*) On e-learning, hours of virtual attendance of the teacher. (**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. | ||||||||||
| Methodologies |
| Description | |
| Introductory activities | Introduction to the material and goals of the course. |
| Lecture | Lectures presenting the material with the help of power point prsentations. |
| Problem solving, exercises in the classroom | Discussion sections where problems will be solved and the class material and applications will be discussed. |
| Seminars | In-depth work of a subject (monographic). Extension and relation of the contents given to the master sessions with the professional task. |
| Personal attention | In order to solve doubts and problems related to the material, the professor will hold office hours whose timetble will be announced at the cbeginning of the course. |
| Personalized attention |
| Description |
| In order to solve doubts and problems related to the material, the professor will hold office hours whose timetble will be announced at the beginning of the course. |
| Assessment |
| Methodologies | Competences | Description | Weight | ||||
| Problem solving, exercises in the classroom |
|
Throught the course, students are expected to do homework sets in groups and they'll be required to hand in 3 of them. | 15% | ||||
| Seminars |
|
Linked to the Symposium of Economics organized by the Faculty. The students will have to complete the evaluation test designed in the context of the Symposium. | 5% | ||||
| Mixed tests |
|
In October there will be a mid-semester test consisting of several multiple choice questions, 2 short-answer questions and 1 problem or essay type of question. During the exam week there will be a final comprehensive exam, the format of which will be announced in class or at the moodle. |
30% 50% |
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| Others |
| Other comments and second exam session | |||
|
The second call will consist of a final comprehensive exam and it will account for 100% of the mark. --- IMPORTANT: It is forbidden any kind of IT device to communicate or transmit information during any kind of avaluation. |
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| Sources of information |
| Basic |
Robert Feenstra y Alan Taylor , Comercio Internacional, Ed. Reverte, 2011
Robert Feenstra and Alan Taylor, International Trade, Worth Publishers, 2008 |
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| Complementary | |||||||||
| Recommendations |
| Subjects that continue the syllabus | |||
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| Subjects that it is recommended to have taken before | |||
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(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.