122171 International Trade

Lehrende: Prof. Dr. Andreas Knorr

Veranstaltungsart: Seminar

Orga-Einheit: Corporate Management & Economics

Anzeige im Stundenplan: Int. Trade

Semesterwochenstunden: 3

Credits: 6,0
Hinweis: In Ihrer Prüfungsordnung können abweichende Credits festgelegt sein.

Standort: Campus der Zeppelin Universität

Unterrichtssprache: Englisch

Min. | Max. Teilnehmerzahl: 10 | 24

Prioritätsschema: Standard-Priorisierung

Inhalte:

1. Introduction to the seminar: Economic determinants of commerce – is international trade economically different from domestic trade?
   
2. Trade liberalization and protectionism in historical perspective
   
3. Traditional theories of international trade (A. Smith; D. Ricardo, E. Heckscher/B. Ohlin)
   
4. Modern theories of international trade (technological gaps; product life-cycle; Lindner hypothesis)
   
5. Tariff and non-tariff barriers to international trade and how to overcome them
   
6. The economics of protectionism
   
7. The economics of bilateral vs. regional vs. multilateral trade liberalization (trade creation vs. trade diversion)
   
8. Multilateral trade liberalization in practice: The WTO system
   
9. ‘Unfair trade’ I: The economics of dumping and antidumping regulations
   
10. ‘Unfair trade’ II: The economics of subsidies and anti-subsidy regulations
    
11. International trade and the environment: The case of trade in endangered species (alternatively: toxic waste trade or any other 'trade vs. the environment' topic)
    
12. The economics of trade sanctions: The case of North Korea (alternatively: Cuba or Iran ir Sout Africa under the Apartheid regime)
    
13. Country studies I: Trade policy of the EU
    
14. Country studies II: Trade policy of the USA
    
15. Country studies II: Trade policy of China
    

Lernziele:
Course objectives:

Students wil

• be introduced to the essential economic models of international trade (determinants; 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, bureaucracies 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;
  
• iscuss select contemporary issues in international trade policy, including its nexus with other policy areas such as environmental policy, as well as the national trade policies of the world’s largest economies in case studies.
  

Weitere Informationen zu den Prüfungsleistungen:
Seminar rules + guidelines for presentation and final written exam (Fall 2020)

Important: What is a seminar, what are the prerequisites for successfully completing the seminar?

• The course is designed as a research seminar
  
• A seminar is NOT a lecture!
  
• By contrast, it is an interactive format of learning which relies crucially on and, most of all, starts with students’ own academic inputs, but also on their regular attendance and active participation.
  
• Active participation in this seminar is only possible, however, if students have sound knowledge of applied microeconomics and adequate understanding of (open economy) macroeconomics. Moreover, students will have read at least one of the recommended readings for each seminar topic as well as all presentations slides before (!) these are presented in the seminar sessions.
  
• Presentation topics will be assigned during the introductory meeting on September 09th, 2020 (18:30-20:00). Attendance is therefore strongly recommended.
  
• Students are expected to give a detailed 30 minute presentation of their assigned topic in the plenary sessions (first block: Friday, November 13th until Saturday, November 14th 2020; second block: Thursday, November 26th until Saturday, November 28th, 2020).
  
•  After the presentations – which will not be marked -, their contents will be critically discussed by the lecturer and fellow students alike. This discussion will inter alia address, and correct, any factual, theoretical and/or empirical shortcomings which may have become apparent during the presentations. The objective is to provide students with adequate feedback to assist them in successfully completing the seminar.
  
• Two to three weeks after the last session block, students will have to sit for a 90 minute written exam. It will cover all seminar topics.
  

• Presentation topics will be assigned in the introductory session on Wednesday, September 09th, 2020 (18:30-20:00)
  
• The presentation slides must be turned in before the respective blocked sessions (see below for details) and should address all main economic aspects of the respective topic
  
• The presentation slot is between 30 minutes per topic
  

• The presentation slides for the first block are due Wednesday, November 04th, 2020.
  
• The presentation slides for the second block are due Wednesday, November 18th, 2020.
  
• Please submit the file to knorr@uni-speyer.de and to ls-knorr@uni-speyer.de (ppt-file or equivalent).
  

• A 90 minute written exam will be held two to three weeks after the last seminar session block.
  
• The exam questions will be based on all seminar presentations and discussions.
  
• The exam mark is the final mark for the seminar (as the presentation will not be marked, but presenting a topic is the mandatory prerequisite to be allowed to sit for the written exam)
  

• Total session time per topic: 90 minutes
  
• 30 minutes: Student presentation
  
• 60 minutes: Plenary discussion
  

Zugelassene Hilfsmittel für die Prüfung:
The use of any auxiliary means is not permitted during the written exam.

Literatur:
 A. Suggested introductory readings for all topics:

• Bhagwati, J. (1988), Protectionism, Cambridge (Mass.).
  
• Krugman, P.R./Obstfeld, M./Melitz. M. (2017), International Economics – Theory and Policy, 11th edition, London et.al.
  

• Appleyard, D./Field, A./Cobb, S. (2013), International Economics, 8th edition, New York.
  
• Dicken, P. (2003), Global Shift. Mapping the Changing Contours of the World Economy, 7th edition, London et.al.
  
• Krugman, P.R./Obstfeld, M./Melitz. M. (2017), International Economics – Theory and Policy, 11th edition, London et.al.
  

• Baldwin, R./Evenett, S. (eds.) (2020), COVID-19 and Trade Policy: Why Turning Inward Won’t Work, London, available online: https://voxeu.org/content/covid-19-and-trade-policy-why-turning-inward-won-t-work. 
  
• Irwin, D. (1998), Against the tide: An intellectual history of free trade, Princeton University Press.
  
• Kindleberger, C. (1986), The World In Depression, 1929-1939, 2nd ed., University of California Press.
  
• OECD (2020), OECD Quarterly International Trade Statistics, available online: https://www.oecd-ilibrary.org/trade/oecd-quarterly-international-trade-statistics_23130857.
  
• WTO (2019), World Trade Statistical Review 2019, available online: https://www.wto.org/english/res_e/statis_e/wts2019_e/wts19_toc_e.htm.    
  

• Feenstra, R./Taylor, A. (2017), International Trade, 4th ed., New York.
  
• Krugman, P.R./Obstfeld, M./Melitz. M. (2017), International Economics – Theory and Policy, 11th edition, London et.al. 
  

• Feenstra, R./Taylor, A. (2017), International Trade, 4th ed., New York.
  
• Maggi, G. (1993), Technology Gap and International Trade: An Evolutionary Model, in: Journal of Evolutionary Economics, Vol. 3, No. 2, pp. 109-26.
  
• Linder, S. (1961), An Essay on Trade and Transformation, Stockholm.
  
• Wild, J.J./Wild, K.L./Han, J.C.Y. (2015), International Business – The Challenges of Globalization, 8th edition, London et.al..
  

• Krugman, P.R./Obstfeld, M./Melitz. M. (2017), International Economics – Theory and Policy, 11th edition, London 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.   
  

• 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.
  

• Baldwin, R./Wyplosz, C. (2015), The Economics of European Integration, 5th  edition, Maidenhead.
  
• Ito, T./Krueger, A. (1997), Regionalism versus multilateral trade arrangements, London.
  
• Krugman, P.R./Obstfeld, M./Melitz. M. (2017), International Economics – Theory and Policy, 11th edition, London et.al.
  

• 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./Mavriodis, P. (2015), World Trade Organization (WTO): Law, Economics, and Politics, 2nd edition, London et.al.
  
• Siebert, H. (2008), The Concept of a World Economic Order, Kiel Working Paper No. 1392, Kiel, available online: https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/IfW-Publications/system/the-concept-of-a-world-economic-order/kap1392.pdf.
  

• 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.
  

• Bagwell, K./Staiger, R. (2004), Subsidy agreements, NBER Working Paper, No. 10292, available online: http://www.nber.org/papers/w10292.pdf.
  
• Desai, M./Hines, J. (2004), Market reactions to export subsidies, available online: http://www.nber.org/papers/w10233.pdf.
  

• Field, B. (2006), Environmental Policy – An Introduction, Long Grove.
  
• Convention on International Trade in Endangered Species of Wild Fauna and Flora, available online: https://cites.org/eng/disc/text.php
  
• Santos, A./Satchabut, T./Vigo Trauco, G. (2001), Do wildlife trade bans enhance or undermine conservation efforts?, in: Applied Biodiversity Perspective Series, Vol. 1, No. 3, 1-15, available online: http://biodiversity.tamu.edu/files/2012/08/ABS_Perspectives-1_3_Santos_etal.pdf
  

• 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: https://www.cambridge.org/core/services/aop-cambridge-core/content/view/28DDFF0C5EE0682225E13E828127D885/S0043887100018591a.pdf/when_do_imposed_economic_sanctions_work.pdf.
  
• Pape, R. (1997), Why economic sanctions do not work, International Security, Vol. 22, No. 2, pp. 90-136, available online: https://web.stanford.edu/class/ips216/Readings/pape_97%20(jstor).pdf.  
  

• EU (2020), Policy, available online: http://ec.europa.eu/trade/policy/.
  
• World Bank (2020), Doing Business. Regional Profile 2020: European Union, available online: https://www.doingbusiness.org/content/dam/doingBusiness/media/Profiles/Regional/DB2020/EU.pdf.
  
• WTO (2019), Trade Policy Review: European Union, available online: https://www.wto.org/english/tratop_e/tpr_e/tp495_e.htm.
  

• U.S. Department of Commerce, Washington: https://www.commerce.gov/issues/trade-enforcement
  
• World Bank (2020): Doing Business 2020. Economy Profile United States, available online: https://www.doingbusiness.org/content/dam/doingBusiness/country/u/united-states/USA.pdf.
  
• WTO (2018), Trade Policy Review: United States of America, available online:  https://www.wto.org/english/tratop_e/tpr_e/tp482_e.htm.
  

• Ministry of Commerce of the People’s Republic of China, Beijing: http://english.mofcom.gov.cn/
  
• World Bank (2020), Doing Business 2020. Economy Profile China, available online: https://www.doingbusiness.org/content/dam/doingBusiness/country/c/china/CHN.pdf.   
  
• WTO (2018), Trade Policy Review: China, available online: https://www.wto.org/english/tratop_e/tpr_e/tp475_e.htm.
  

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