Παρουσίαση/Προβολή

(DEOS200) -  Christopoulos Dimitris, Hatzipanayotou Panos, Moutos Thomas

Περιγραφή Μαθήματος

 

 Course Description, Bibliography, Assessment, and Contact Details 

Course Description 

Part A. International Trade: Theory and Policy

Absolute and comparative advantage in international trade; the determination of relative prices; the gains from trade; the effects of productivity changes on domestic and foreign welfare. Gains and losses from trade in the specific-factors model; the determination of factor incomes. Increasing returns to scale, imperfect competition, and the gains from trade; dumping and reciprocal dumping. Trade policy under perfect competition; the effects of tariffs, subsidies, and quantitative restrictions. Trade policy under imperfectly competitive market structures. The  political economy of  trade policy. International and regional trade agreements.

 

Part B. International Monetary Economics: Theory and Policy
National income accounting and the balance of payments; the current account and foreign indebtedness. Money, interest rates and exchange rates; purchasing power parity; international interest-rate differences and the real exchange rate. National income and the exchange rate: the IS/LM model; Fixed versus flexible exchange rates; monetary, fiscal and exchange rate policy effectiveness under imperfect and perfect capital mobility. The insulating properties of alternative exchange rate regimes. Balance of payments crises and capital flight. The  international monetary system; macroeconomic policy goals in the open economy: internal and external balance. International macroeconomic policycoordination.

 

 BIBLIOGRAPHY

 

Course Textbook
Feenstra, Robert & Alan Taylor, International Economics, Worth Publishers, 2008 (FT).

 

 

Supplementary Readings

 

Krugman, Paul & Maurice Obstfeld, International Economics: Theory and Policy, 8th Edition, Addison-Wesley 2009.
Jagdish Bhagwati, Protectionism, MIT Press, 1988.
Jagdish Bhagwati, The World Trading System at Risk, MIT Press, 1991.
Paul Krugman, Pop-Internationalism, MIT Press, 1995.

 

Course Outline
Part A.  International Trade: Theory and Policy

 

·    Trade and Technology: The Ricardian Model (FT: chapter 2).

 

·        Factor Endowments and International Trade: The Specific Factors Model of International Trade (FT: chapter 3)

 

·        Increasing Returns to Scale and Imperfect Competition (FT: 6)

 

·        Import Tariffs and Quotas under Perfect Competition (FT: 8)

 

·        Import Tariffs and Quotas under Imperfect Competition (FT: 9)

 

·        Export Subsidies (FT: 10)

 

·        International Trade Agreements (FT: 11)

Part B.  International Monetary Relations: Theory and Policy

 

·        National and International Accounts: Income, Wealth, and the Balance of Payments (FT: 16)

 

·        Exchange Rate Determination in the Short Run and in the Long Run (FT: 13, 14, 15)

 

·        Output, Exchange Rates, and Macroeconomic Policies (FT:18)

 

·        Fixed versus Floating Exchange Rates (FT: 19)

 

·        Exchange Rate Crises (FT: 20)


                            COURSE EVALUATION

 

The overall evaluation of this course is based on a comprehensive final exam. This exam will cover the whole course.

 

Contact Details:

      Professor Thomas Moutos: <tmoutos@aueb.gr>,  tel: 210 8203191

      Professor Dimitris Christopoulos: <dchristop@aueb.gr>, tel: 210 8203440

  Office Hours: By appointment (email)   

Ημερομηνία δημιουργίας

Τετάρτη, 2 Οκτωβρίου 2013