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Lehrende: Prof. Dr. Andreas Knorr
Veranstaltungsart:
Seminar
Orga-Einheit: Corporate Management & Economics
Anzeige im Stundenplan:
Int. Trade
Semesterwochenstunden:
3
Credits:
5,0
Standort:
Campus der Zeppelin Universität
Unterrichtssprache:
Englisch
Min. | Max. Teilnehmerzahl:
10 | 35
Prioritätsschema: Standard-Priorisierung
Inhalte:
Course description and course objectives:
Students will
- be introduced to the essential economic models of international trade (deter-minants; specialization patterns; welfare effects);
- acquire an in-depth knowledge of trade policy instruments;
- discuss the economic and political arguments for/against free trade;
- be familiarized with the role and influence of special interest groups, bureau-cracies and international organisations in the process of shaping trade policy at the national, the supranational and the international levels;
- become acquainted with the main elements of the institutional framework of international trade and the objectives, structure and competences of the most relevant international and supranational organisations;
- discuss select contemporary issues in international trade policy as well as the national trade policies of the world’s largest economies in case studies.
Term papers seminar “International Trade”
Analytical toolbox 1. Stylized facts of international trade: Export and import volumes, key players and spe-cialization patterns in historical (dynamic) perspective
2. Determinants of commerce – is interna-tional trade economically different from domestic trade?
3. Traditional theories of international trade (Smith, Ricardo, Heckscher-Ohlin)
4. Modern theories of international trade (product life-cycle; technological gap; cross-border supply chains)
5. Barriers to international trade and border effects
6. Economic (theoretical) and political justifi-cations for protectionism
7. Cui bono? The welfare effects of free trade and a rent-seeking perspective on protec-tionism
International trade policy 8. The economics of bilateral vs. regional vs. multilateral trade liberalization
9. Multilateral trade liberalization: the WTO system
10. ‘Unfair trade’: the economics of dumping and antidumping regulations
11. International trade and the environment: The case of toxic waste
12. The economics of trade sanctions
Case studies 13. Country studies: Trade policy of the EU
14. Country studies: Trade policy of the USA
15. Country studies: Trade policy of China
Weitere Informationen zu den Prüfungsleistungen:
Guidelines ─ term paper, comment, presentation (Fall 2016)
1. Term paper
• Cover sheet (full name, topic, student ID number, course ID, submission deadline)
• Contents
• List of abbreviations
• Text
• References
• Appendices (graphs, tables etc.)
• Length: 3000-4000 words, including all footnotes and references
• Executives summary (in separate file): one page maximum
2. Comment
The comment should provide a critical appraisal of assumptions, methodology and findings of the main paper
• Length: 800-1000 words
3. Referencing and citing
• All widely used formats are acceptable (Harvard-style etc.)
• Use respectable (= scientific) sources only (Wikipedia is not one of them!)
• Plagiarism will not be tolerated!
4. Submission deadlines
The term paper and the executive summary are due MONDAY, October 10th, 2016. Please submit the file(s) to knorr@uni-speyer.de and to my secretary (sefrin@uni-speyer.de). Extensions will not be granted!
Shortly after the submission deadline for the term paper, I will assign each paper to one commentator. The written comments are due on MONDAY, October 17th, 2016. Extensions will not be granted!
5. Session structure
• Total session time per topic: 90 minutes
o 30-40 minutes: presentation of term paper
o 5-10 minutes: comment on term paper
o 40-45 minutes: general discussion
6. Course grading
• Term paper (including presentation): weight 80%,
• Comment (including presentation): weight 20%;
• Regular attendance is required to pass!
Literatur:
International Trade: Introductory Readings (Fall 2016)
Topic 1: Stylized facts of international trade: Export and import volumes, key
players, and specialization patterns in historical (dynamic) perspective
• Krugman, P.R./Obstfeld, M. (2011), International Economics – Theory and Policy, 9th edition, Boston, San Francisco et al.
• OECD (2016), Statistics from A to Z, available online: http://www.oecd.org/statistics/.
• The Economist (2016): Pocket World in Figures, 2016 edition, London.
Topic 2: Determinants of commerce – is international trade economically
different from domestic trade?
• Dicken, P. (2003), Global Shift. Reshaping the Global Economic Map in the 21st Century, 4th edition, London and New Delhi.
• Krugman, P.R./Obstfeld, M. (2011), International Economics – Theory and Policy, 89th edition, Boston, San Francisco et al.
• Maggi, G. (1993), Technology Gap and International Trade: An Evolutionary Model, in: Journal of Evolutionary Economics, Vol. 3, No. 2, pp. 109-26.
Topic 3: Traditional theories of international trade (Smith, Ricardo, Heckscher-
Ohlin)
• Hill, C.W.L. (2003), International Business – Competing in the Global Marketplace, 4th edition, New York.
• Krugman, P.R./Obstfeld, M. (2011), International Economics – Theory and Policy, 9th edition, Boston, San Francisco et al.
• Paul, J. (2011), International Business, 5th edition, New Delhi.
Topic 4: Modern theories of international trade (product life-cycle;
technological gap; cross-border supply chains)
• Appleyard, D./Field, A./Cobb, S. (2009), International Economics, 7th edition, New York.
• Hill, C.W.L. (2007), International Business – Competing in the Global Marketplace, 6th edition, New York.
• Wild, J.J./Wild, K.L./Han, J.C.Y. (2006), International Business – The Challenges of Globalization, 3rd edition, New Jersey.
Topic 5: Barriers to international trade and border effects
• Krugman, P.R./Obstfeld, M. (2011), International Economics – Theory and Policy, 9th edition, Boston, San Francisco et al.
• Rose, A./Wincoop, E. van (2001), National Money as a Barrier to International Trade: The Real Case for Currency Union, in: The American Economic Review, Vol. 91, No. 2, pp. 386-390.
• WTO (2016), WTO Trade Topics, available online: http://www.wto.org/english/tratop_e/tratop_e.htm
Topic 6: Economic (theoretical) and political justifications for protectionism
• Bhagwati, Jagdish (1988), Protectionism, Cambridge (Mass.): MIT Press.
• Kaempfer, W./Tower, E./Willett, T. (2002), Trade Protection, Working Paper Series Claremont Institute for Economic Policy Studies, No. 2002-19.
• Messerlin, P.A. (2001): Measuring the Costs of Protection in Europe – European Commercial Policy in the 2000s, Washington.
Topic 7: Cui bono? The welfare effects of free trade and a rent-seeking
perspective on protectionism
• Bhagwati, Jagdish (1988), Protectionism, Cambridge (Mass.).
• Kaempfer, W./Tower, E./Willett, T. (2002), Trade Protection, Working Paper Series Claremont Institute for Economic Policy Studies, No. 2002-19.
• Messerlin, P.A. (2001): Measuring the Costs of Protection in Europe – European Commercial Policy in the 2000s, Washington.
Topic 8: The economics of bilateral vs. regional vs. multilateral trade
liberalization
• Baldwin, R./Wyplosz, C. (2009), The Economics of European Integration, 3nd edition, Maidenhead.
• Ito, T./Krueger, A. (1997), Regionalism versus multilateral trade arrangements, London.
• Krugman, P.R./Obstfeld, M. (2011), International Economics – Theory and Policy, 9th edition, Boston, San Francisco et al.
Topic 9: Multilateral trade liberalisation: the WTO system
• Barton, J./Goldstein, J./Josling, T./Steinberg, R. (2008), The Evolution of the Trade Regime: Politics, Law, and Economics of the GATT and the WTO, New Jersey.
• Hoekman, B.M./Kostecki, M. (2001), The Political Economy of the World Trading System: WTO and Beyond, 2nd edition, Oxford and New York.
• Siebert, H. (2008), The Concept of a World Economic Order, Kiel Working Paper No. 1392, Kiel.
http://www.ifw-members.ifw-kiel.de/publications/the-concept-of-a-world-economic-order/kap1392.pdf
Topic 10: ‘Unfair trade’: the economics of dumping and antidumping
regulations
• Anderson, S./Schmitt, N./Thisse, J. (1995), ‘Who benefits from anti-dumping legislation?’, Journal of International Economics, Vol. 38, pp. 321-337.
• Blonigen, B.A./Prusa, T.J. (2001), Antidumping, NBER Working Paper, No. 8398, available online: http://www.nber.org/papers/w8398.pdf?new_window=1
• Klitgaard, T./Schiele, T. (1998), Free versus Fair Trade: The Dumping Issue, in: Current Issues in Economics and Finance, Vol. 4, No. 8.
Topic 11: International trade and the environment: The case of toxic waste
• Field, B. (2007), Environmental Policy – An Introduction, Long Grove.
• Rauscher, M. (1999), International Trade in Toxic Waste, Universität Rostock, Thünen-Reihe Angewandter Volkswirtschaftstheorie Working Paper No. 19, Rostock 1999 available online: http://www.wiwi.uni-rostock.de/fileadmin/Institute/VWL/VWL-Institut/RePEc/pdf/wp019thuenen.pdf
• Soroos, M.S. (2005), Garrett Hardin and tragedies of global commons, in: Dauvergne, P. (2005), Handbook of Global Environmental Politics, Cheltenham UK; Northampton USA.
Topic 12: The economics of trade sanctions
• Drezner, D. (2000), Bargaining, Enforcement, and Multilateral Sanctions. When Is Cooperation Counterproductive?, International Organization, Vol 54, No. 1, pp. 73-102, available online: http://www.stanford.edu/class/ips216/Readings/drezner_00.pdf
• Hovi, J./R. Huseby/D.F. Sprinz (2005), When Do (Imposed) Economic Sanctions Work?, World Politics, Vol. 57, No. 4, pp. 479-499, available online: http://mtw160-198.ippl.jhu.edu/login?auth=0&type=summary&url=/journals/ world_politics/v057/57.4hovi.pdf.
• Pape, R. (1997), Why economic sanctions do not work, International Security, Vol. 22, No. 2, pp. 90-136, available online: http://www.stanford.edu/class/ips216/Readings/pape_97%20%28jstor%29.pdf
Topic 13: Country studies: Trade policy of the EU
• EU (2016), Policy, available online: http://ec.europa.eu/trade/policy/
• World Bank (2012), Doing Business. Regional Profile: European Union, available online: http://www.doingbusiness.org/reports/~/media/GIAWB/Doing%20Business/Documents/Profiles/Regional/DB2016/DB16-European-Union.pdf
• WTO (2015), Trade Policy Review: European Union, available online: https://www.wto.org/english/tratop_e/tpr_e/tp417_e.htm
Topic 14: Country studies: Trade policy of the USA
• U.S. Department of Commerce: http://trade.gov/
• World Bank (2016): Doing Business 2016. Economic Profile United States, available online: http://www.doingbusiness.org/data/exploreeconomies/~/media/giawb/doing%20business/documents/profiles/country/USA.pdf?ver=3
• WTO (2014), Trade Policy Review: United States of America, available online: https://www.wto.org/english/tratop_e/tpr_e/tp407_e.htm
Topic 15: Country studies: Trade policy of China
• Ministry of Commerce of the People’s Republic of China: http://english.mofcom.gov.cn/article/zt_20130329//index.shtml
• World Bank (2016), Doing Business in 2016. Economic Profile China, available online:
http://www.doingbusiness.org/reports/global-reports/~/media/ giawb/doing%20business/documents/profiles/country/CHN.pdf
• WTO (2014), Trade Policy Review: China, available online: https://www.wto.org/english/tratop_e/tpr_e/tp400_e.htm
All online sources were last accessed on May 31st, 2016.
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