6 ECTS credits
166 u studietijd

Aanbieding 2 met studiegidsnummer 4009750EER voor alle studenten in het 2e semester met een verdiepend master niveau.

Semester
2e semester
Inschrijving onder examencontract
Mogelijk
Beoordelingsvoet
Beoordeling (0 tot 20)
2e zittijd mogelijk
Ja
Onderwijstaal
Engels
Faculteit
Faculteit Sociale Wetensch & SolvayBusinessSchool
Verantwoordelijke vakgroep
Toegepaste economie
Onderwijsteam
Margarita Coosemans
Eva Van Belle (titularis)
Onderdelen en contacturen
26 contacturen Hoorcollege
13 contacturen Werkcolleges, practica en oefeningen
127 contacturen Zelfstudie en externe werkvormen
Inhoud

This course provides an accessible introduction to the key topics in international trade.
'International Trade' focuses on international transactions that involve a physical movement of goods, trade in services, and flows of factors of production (migration, foreign direct investment).
Three themes are explored:

1.       The gains from trade (including the impact of trade on income distribution)

2.       The pattern of trade (who sells what to whom?)

3.       Protection (if trade is beneficial, why do countries protect domestic production?)

Throughout the course, we will emphasize the role of international organizations (European Union, World Trade Organization).

Studiemateriaal
Handboek (Vereist) : International Trade, Theory and Policy, Krugman, P. R., Obstfeld, M., and Melitz, M., 12th edition global, Pearson, 9781292417233, 2022
Digitaal cursusmateriaal (Vereist) : MyLab Mastering
Digitaal cursusmateriaal (Aanbevolen) : Lecture Slides
Digitaal cursusmateriaal (Aanbevolen) : Additional Materials posted on Canvas
Bijkomende info

Written work has to be in APA style.
For data analysis you can use any econometric software: I recommend the open-source (and free) statistical package R, but other options can be used.
I expect that you read the economic news by reading a financial newspaper like the Financial Times or The Economist (a weekly).  Both are available at the VUB library.

Teaching Methods

  • Lecture: collective contact-dependent moments during which the lecturer engages with learning materials
  • Seminar, Exercises or Practicals (Practical): collective contact-dependent moments during which the students are guided to actively engage with learning materials
  • Independent or External Form of Study (Self): independent study

This description of the teaching methods is indicative, in order to assess the expected study load.

Lecture: 26 hours

Practical: 13 hours

Self: 127 hours

  • keeping up with the course material during the semester, amounting to 1 hour per hour lecture: 26 hours
  • making the homeworks (2 hours per week): 26 hours
  • making additional exercises (1 hour per week): 15 hours
  • written assignments: 20 hours 
  • preparation exam: 40 hours (5 days of 8 hours)
Leerresultaten

Algemene competenties

After finishing the course, the student can – independently:
• explain in their own words key concepts of international trade models (the Ricardian model, the Specific Factors model, the Heckscher Ohlin model and the Standard Trade model) and describe how these concepts can be used
•explain and evaluate what concepts and principles of international trade theory are used in economic analyses published in daily newspapers, weekly news magazines and technical analyses, and describe how these concepts aid in understanding these analyses
• understand the theoretical models of international trade and apply these to predict patterns and gains from trade
• evaluate the usefulness of theoretical models of international trade to describe real world patterns, and gains from trade
• explain the instruments of trade policy and analyze the results of these policies on patterns and gains of trade
• criticize existing trade policies
• recommend arguments in favor of and against free trade.
• elaborate a recent controversy in the international trade literature
• Track down, evaluate and manipulate economic data to illustrate and analyze an international trade issue.
• conduct a group research project that prepares a finished research paper.

Beoordelingsinformatie

De beoordeling bestaat uit volgende opdrachtcategorieën:
Examen Schriftelijk bepaalt 95% van het eindcijfer

Examen Andere bepaalt 5% van het eindcijfer

Binnen de categorie Examen Schriftelijk dient men volgende opdrachten af te werken:

  • Schriftelijk examen met een wegingsfactor 80 en aldus 80% van het totale eindcijfer.
  • Onderzoekspaper met een wegingsfactor 15 en aldus 15% van het totale eindcijfer.

Binnen de categorie Examen Andere dient men volgende opdrachten af te werken:

  • Intermediate Assignments met een wegingsfactor 5 en aldus 5% van het totale eindcijfer.

    Toelichting: Homeworks

Aanvullende info mbt evaluatie

The evaluation consists of three parts:

  1. A written exam during the examination period accounting for 80% of the final grade
  2. A written assignment in group accounting for 15% of the final grade. The written assignment consists of a short research paper. Details on the written assignment are posted on the learning platform. The use of generative AI is allowed as support. Any use of generative AI must be indicated appropriately (see reference list AI). In order to receive a grade, the written assignment has to be handed in before the deadline (during the weeks of class). The grade is transferred to the second exam period, but not to the next academic year. It is not possible to retake the written assignment in the second exam session. When no written assignment is handed in before the deadline, the grade obtained will be zero and the maximum grade obtained for this course will be 85%.
  3. Intermediate assignments consisting of weekly homeworks accounting for 5% of the final grade. The grade is transferred to the second exam period, but not to the next academic year. It is not possible to retake the homeworks in the second exam session. When failed to hand in the homework before the deadline more than once over the course of the semester, the grade obtained will be zero and the maximum grade obtained for this course will be 95%.
Toegestane onvoldoende
Kijk in het aanvullend OER van je faculteit na of een toegestane onvoldoende mogelijk is voor dit opleidingsonderdeel.

Academische context

Deze aanbieding maakt deel uit van de volgende studieplannen:
Master handelsingenieur: Standaard traject
Master in de toegepaste economische wetenschappen: Standaard traject
Master of International Business: Standaard traject (enkel aangeboden in het Engels)
Master of Political Science: European and International Governance: Standaard traject (enkel aangeboden in het Engels)
Educatieve master in de economie: standaard traject (90 ECTS, Etterbeek)