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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:
5 | 18
Prioritätsschema: Standard-Priorisierung
Inhalte:
+++++ Please be aware that in Fall Semester 2021 this course "Internatinal Trade" will be offered for the last time. This course will be renamed as "LV 122171 Advanced Macroeconomics". In Fall 2022 this new course will be offered for the first time. +++++
Seminar topics
1. 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 (Smith, Ricardo, Heckscher-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 (e.g. trade creation vs. trade diversion effects)
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/toxic waste trade
12. The economics of trade sanctions: The case of Iran / Cuba / South Africa (Apartheid) / North Korea
13. Country studies I: The trade policy of the EU
14. Country studies II: The trade policy of the USA
15. ‘Country studies III: The trade policy of China
Lernziele:
Course description and course objectives:
Students willbe 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 trade organisations;
discuss 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 2021)
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 to
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 Monday, September 13th, 2021 (19:30-21:00). Attendance is therefore strongly recommended.
- Students are expected to give a detailed presentation (30 minutes plus in-class discussion of their assigned topic in the plenary sessions (first block: Friday, November 5th until Saturday, November 6th 2021;
second block: Saturday, November 13th until Sunday, November 14th, 2021).
- 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 written exam of 90 minutes. Exam questions will cover all seminar topics.
Formal stuff
1. Presentation
· Presentation topics will be assigned in the introductory session on Monday, September 13th, 2021 (19:30-21:00)
· The presentation slides must be turned before the respective 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, plus in-class discussion
2. Submission deadline
· The presentation slides for the first block are due Friday, October 29th, 2021.
· The presentation slides for the second block are due Saturday, November 6th, 2021.
· Please submit the file to knorr@uni-speyer.de and to ls-knorr@uni-speyer.de (ppt-file or equivalent).
3. Final written exam
· A 90 minute written exam will be held two to three weeks after the last seminar block.
· The exam questions will be based on all seminar presentations and discussions.
· The exam mark is 80 per cent of the final mark for the seminar, and the presentation will count for 20 per cent of the final mark (please note that presenting a topic is the mandatory prerequisite to be allowed to sit for the written exam)
Session structure
· Total session time per topic: 90 minutes
o 30 minutes: Student presentation
o 60 minutes: Plenary discussion
Literatur:
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.
Suggested readings and data sources for individual topics (All online sources were last accessed on June 10th, 2020):
Topic 1: Determinants of commerce – is international trade economically different from domestic trade?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.
Topic 2: Trade liberalization and protectionism in historical perspectiveBaldwin, 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 (2020), World Trade Statistical Review 2020, available online: https://www.wto.org/english/res_e/statis_e/wts2020_e/wts20_toc_e.htm . Topic 3: Traditional theories of international trade (Smith, Ricardo, Heckscher- Ohlin)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.
Topic 4: Modern theories of international trade (technological gaps; product life-cycle; Linder hypothesis)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.
Topic 5: Tariff and non-tariff barriers to international trade and how to overcome themKrugman, 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.
Topic 6: The economics of protectionismBhagwati, 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.
Topic 7: The economic effects of bilateral vs. regional vs. multilateral trade liberalization (trade creation vs. trade diversion)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.
Topic 8: Multilateral trade liberalization: The WTO systemBarton, 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.
Topic 9: ‘Unfair trade’ I: The economics of dumping and anti-dumping regulationsAnderson, 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 10: ‘Unfair trade’ II: The economics of subsidies and anti-subsidy regulationsBagwell, 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.
Topic 11: International trade and the environment: The case of trade in endangered species (CITES = Convention on International Trade in Endangered Species)
(Alternative focus of topic: Trade in toxic waste, introductory readings will be provided if selected by a seminar participant)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
Topic 12: The economics of trade sanctions: The case of Iran
(Alternative focus of topic: Cuba or North Korea or Belarus or Russia, introductory readings will be provided if selected by a seminar participant)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/journals/world-politics/article/when-do-imposed-economic-sanctions-work/28DDFF0C5EE0682225E13E828127D885# .
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.
Topic 13: Country studies I: Trade policy of the EUEU (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.
Topic 14: Country studies II: Trade policy of the USAU.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.
Topic 15: Country studies III: Trade policy of ChinaMinistry 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.
Please note: Suggestions for other country studies will be considered, too, e.g. on:UK’s trade policy after Brexit
The Gulf Cooperation Council’s (GCC) trade policy
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