Bachelor
2023/2024
International Trade
Type:
Compulsory course (HSE University and Kyung Hee University Double Degree Programme in Economics and Politics in Asia)
Area of studies:
Foreign Regional Studies
Delivered by:
Faculty of World Economy and International Affairs
When:
4 year, 1, 2 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Sergey Chernikov
Language:
English
ECTS credits:
4
Contact hours:
60
Course Syllabus
Abstract
The course is aimed at students' clear understanding of the principles and practice of modern international trade both at national and international levels, as well as methods of work at foreign markets and ways of interaction with foreign partners in the framework of various types of international economic transactions.
Pre-requisites
Introduction to International Relations
Introduction to Economics
Business Finance
Comparative Area Studies
Learning Objectives
- features of modern formats of world trade and current deglobalization problems impacting them;
- procurement organization process in the international markets;
- methodological aspects of basic international trade theories;
- peculiarities of terms of foreign economic transactions and necessary agreements depending on the pattern of international trade deal;
- procedure and main stages of target market evaluation;
- foundations the governmental protectionist measures and trade development issues.
- find information about the indicators characterizing the situation on the world markets;
- analyze information relevant to development and conjuncture of specific markets in the world economy;
- make conclusions about proper market entry strategies and choosing the foreign trade transaction patterns;
- present his findings and conclusions about the potential trade patterns and market conjuncture
Expected Learning Outcomes
- This course aims to explore the important concepts and issues in International trade.
- The study of international trade involves economy- wide issues such as conventional comparative advantage, Increasing returns to scale, trade between firms and trade policies.
- Students who successfully complete this course should have an understanding of trade patterns and their analysis logic in order to make basic decisions on issues in International Trade.
- To achieve these goals, this course provides basic concepts and principles of the world trade, specifically concerning the theory and corporate policy.
- The first half of the course covers trade theories-Ricardian model, Heckscher Ohlin model, Economies of scale, TNCs and Foreign Direct Investment, while the second half of the course will cover the more practical effects of trade policy, trading channels and market entry patterns, International trade environments and finally Trade development policies.
Course Contents
- Week 1 Stylized Facts about World Trade and Questions of the courses
- Week 2 World Trade: an Overview Ricardian Model
- Week 3 Ricardian Model
- Week 4 Heckscher-Ohlin Model Specific Factors Model
- Week 5 Economies of scale in International Trade
- Week 6 Foreign Direct Investment and Outsourcing
- Week 7
- Week 8 Pricing decisions in international trade
- Week 9 Entry strategies in International trade
- Week 10 Trade Policy: Tariff
- Week 11 Trade Policy: Nontariff Barriers
- Week 12 Distribution channels in international trade
- Week 13 Target market research in international trade
- Week 14 Political and legal environments of international trade
- Week 15 Trade and Development
- Week 16:
Interim Assessment
- 2023/2024 1st module1 * Preliminary exam test
- 2023/2024 2nd module0.1 * Attendance + 0.3 * Final Exam 2 + 0.25 * Hometasks + 0.15 * In-class tasks + 0.2 * Midterm
Bibliography
Recommended Core Bibliography
- Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946
Recommended Additional Bibliography
- Geetanjali. (2010). International Marketing. Jaipur: Oxford Book Co. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=326827
- International marketing, Cateora, P. R., 1987
- International marketing, Cateora, P. R., 1996
- International marketing, Cateora, P. R., 2007