Course Overview

As the economy becomes more globalized, it is becoming necessary to study the basic mechanism of international trade and its impact on welfare. In this course, we first study the concept of comparative advantage and study why countries will be engaged in international trade. Then, we study the impact on welfare by using several models. (The Ricardian, Heckscher-Ohlin and Specific Factor Model). Then, we study the monopoly model and its implication for international trade theory. In addition, we discuss the impact of international factor movement such as immigration and foreign direct investment.

Learning Achievement

To be able to understand the basic mechanism of international trade, Hechscher-Ohlin model, trade policy, international oligostic market, immigration and international investment.

Competence

1. General-propose competence: critical and creative thinking skills, data and information literacy, broad perspective and internationalism.
2. Special competence: understanding international development, analytical skills on international development.

Course prerequisites

Grading Philosophy

Home Works (30%) and Final Exam(70%)

Course schedule

Gains from Trade
Ricardian Model
Specific Factor Model
H-O model (1)
H-O model(2)
Immigration
International Investment and Policy Issues
Trade Policy
Oligopoly Model
Conclusions

Course type

Lectures

Online Course Requirement

Instructor

Naito Hisahiro

Other information

Site for Inquiry

Link to the syllabus provided by the university