成人大片

Tutor:
Jacky Charles  jacky.charles@adelaide.edu.au

The purpose of this course is to provide students with a thorough grounding in the theory of international trade as well as international trade policy and to demonstrate the relevance of the theory in the analysis of (a) existing patterns of international trade and what determines them, (b) the conduct of trade policy and (c) the economic implications of international trade and trade policy both for individual economies such as Australia and the wider international community.

 

On successful completion of this course, students will be able to:

1. Compare at the level of formal analysis the major models of international trade and be able to distinguish between them in terms of their assumptions and economic implications.
2. Employ the principle of comparative advantage and its formal expression and interpretation within different theoretical models
3. Apply partial equilibrium and (where required) general equilibrium models in analysing the economic effects of (a) trade policy instruments such as tariffs, quotas, export subsidies, (b) retaliatory measures such as anti-dumping duties and countervailing duties and (c) the creation of regional trading arrangements such as free trade areas, customs unions and common markets.
4. Distinguish and critically analyse the main arguments for protection and conversely be able to critically evaluate the relevance and realism of arguments for free trade, taking into account the costs and benefits of trade policy measures on different sections of the community and the implications for the formulation of trade policy.
5. Identify major recent developments in the world trading system, and be able to critically analyse key issues raised both by the current round of WTO negotiations and by the spread of regional trading arrangements.
6. Develop communications skills through the presentation of your work, interactions during tutorial sessions, and appropriate use of the discussion.

International Trade: Theory and Evidence by Markusen, Melvin, Kaempfer and Maskus, Mcgraw Hill, 1995

*** This textbook is available free of charge and may be downloaded from:  ***

Robert C. Feenstra and Alan M. Taylor, International Trade (3rd Edition), 2014 Worth Publishers.

MyUni -  

Other online Resources:

WTO:  
UNCTAD:  
OECD:  
International Center for Trade and Sustainable Development:  
The World Bank:  
Alan Deardorff’s Glossary of International Economics Terms: 

Learning in this course is through lectures, tutorials, and personal study.

The lectures will provide you with the necessary understanding of the material to be able to solve the exercises you will be given during tutorials or exams.

Tutorials represent an important learning component of the class. Students are expected to work through the assignments and prepare solutions to be discussed during the tutorial time.

Lectures: 2 Hours per week
Tutorials: 1 Hour per week
Home study expectation: 6 Hours per week

Teaching & Learning Activities	Related Learning Outcomes
Lectures	1-5
Tutorials	1-6

Lecture Schedule

Part I	Introduction	Chapters
Wk 1	Technical Concepts - Markusen, et.al.,	1 - 4
Wk 2	Why do countries trade? - Markusen, et.al.,	5 - 6
Part II	Theoretical Analysis of International Trade
Wk 3	The Classical Model: Differing Technologies-  - Markusen, et.al.,	7
Wk 4 & 5	The Heckscher - Ohlin Model  - Markusen, et.al.,	8
Wk 5 & 6	The Specific Factors Model - Markusen, et.al.,	9
	Mid Semester Examination
Wk 7	Government Policies as the Determinants of Trade  - Markusen, et.al.,	10
Wk 8	Imperfect Competition as the Determinant of Trade and the Gains from Trade	11
	Increasing Returns to Scale  - Markusen, et.al.,	12
Wk 9	Tastes, Per Capita Income, and Technological - Change as the Determinants of Trade - Markusen, et.al.,	13
	Empirical Studies of Comparative Advantage Models - Markusen, et.al.,	14
Part III	Trade Policy
Wk 10	Tariffs  - Markusen, et.al.,	15
	Quotas and Other Non-tariff Barriers - Markusen, et.al.,	16
Week 11	Imperfect Competition, Increasing Returns - Strategic Trade Policy - Markusen, et.al.,	17
	Preferential Trade Areas	18
Week 12	The Political Economy of Trade Policy	19
	Administered Protection	20

 

Assessment Task	Due Date/ Week	Weight	Length(Word,Time)	Learning Outcomes
Mid-term Exam	Week 7	30%	TBA	1 - 4
Tutorial Assignments	Every week	20%	TBA	1 - 6
Final Exam	Week 13	50%	TBA	1 - 5
Total		100%

NOTES ON ASSESSMENT

Tutorial Mark

The Tutorial mark will be broken down as follows;

Tutorial Participation -- 5%

Weekly Opportunities (To be done once throughout the semester by each student) You are required to present the solution to one of the tutorial exercises on the board to receive a grade of up to 5%. You will receive the following marks according to your performance, based on effort and presentation, as well as correctness: 0-no participation, 1-poor, 3-fair, 5-excellent.

Here is some clarification on how the tutorial participation marks are to be assessed. The tutor will solve one assigned question for each week (which I will choose). For each additional question, the tutor asks for a volunteer to solve it on the board. After each student presents the question in the tutorial, the tutor will record the student's grade in his/her grade book, and also write the grade on a piece of paper to show the student her grade when the student is done solving on the board. Suppose no student who has not yet presented volunteers to present a question. Only in this case will we allow a student who has already presented to volunteer and come up to the board. The student then has a chance to raise her grade. This is due to time constraints, as we may not have enough questions for every student in the class to present multiple questions for the chance to raise her grade. In general, it is voluntary for students to come and solve a question. However, if there is absolutely no student who wants to solve a particular question (either has or has not presented before), then the tutor will arbitrarily pick a student who HAS NOT presented before to solve the question.

Tutorial Attendance-- 5%

Irrespective of whether you choose to participate, you may receive a mark for attending tutorials. You will receive 0.5 point for each week you attend. Youe final score will be your attendance out of a possible 5 marks.

Tutorial Assignment -- 10%

The tutorial assignment Grade will consist of the best 8 of 11 scores from the weekly tutorial assignment.

Each tutorial assignment will consist of one from the weekly set of tutorial questions for the student to independently complete and submit online via the TurnItIn feature of MyUni.

The assessment addresses University Graduate Attributes to achieve the Course Learning Outcomes as follows.

Assessment Detail	University Graduate Attribute	Learning Outcome(s)
Tutorial Discussion	Critical thinking and problem solving Teamwork and communication skills	1,2,3,4,5,6
Online Submission	Critical thinking and problem solving Career and leadership readiness	1,2,3,4

Mid-Semester Test

The mid semester test is a two hour in-class assessment consisting of a series of essay questions similar to those faced in tutorials. The format is similar to the final exam.

The goal of this assessment is to effectively prepare tht estudents for the final exam in that the students may become familiar with the format of the final as well as acclimated to the pressure inherent in final examinations.
Assessment Detail University Graduate Attribute Course Learning
Outcome(s)
Mid Semester Test Critical thinking and problem solving
Career and leadership readiness 1,2,3,4

Assessment Detail	University Graduate Attribute	Course Learning Outcome(s)
Mid Semester Test	Critical thinking and problem solving Career and leadership readiness	1,2,3,4

EXAMINATIONS

It is each student's responsibility to read the examination timetable. 

Assignments are to be submitted via the Professions Undergraduate Hub on Ground Level of Nexus 10.

Assignments will generally be returned during tutorials/lectures the week following submission.

Students must not submit work for an assignment that has previously been submitted for this course or any other course without prior approval from the lecturer-in-charge.

Additional Assessment

If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.