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Course Plan and Orientation-1

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26 views9 pages

Course Plan and Orientation-1

Uploaded by

yerosanabrahim
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Scope and plan of the course

International Economics I (Econ 3081)


B.A. Degree in Economics

Mengesha Yayo(Ph.D. in Economics)

AAU, Department of Economics

October , 2021

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A


Scope and plan of the course

Course Description

This Course contains two courses: International Economics I and International


Economics II.
These courses deal with international trade theories and policy issues and
how international trade is financed.
The Course aims to provide a highly focused discussion of topics in
international economics in two separate subject areas of International
trade and international finance in the context of developing countries.

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A


Scope and plan of the course

Course Description

Issues covered in the Course are conventional and nonconventional trade


theories which include
the classical model (Smith and Ricardo), the modern and neoclassical
theory of trade (the H-O-S model, the Stolper-Samuelson Theorem, and
The Leontief Paradox),
The New Trade Theories and the African context (Imperfect competition
and scale economies),
Economic Integration and Theories of Customs Union,
Trade Policies and Developing countries (Import Substitution and Export
Promotion, Trade and Development, the World Trade Organization and
Developing Countries, etc).
the issues of the Balance of Payments (and different approaches to
balance of payments),
Exchange rate economics,
Open-Economy macroeconomics (IS-LM-BP framework, the
Mundel-Fleming Model),
the Evolution of International Financial Institutions (the IMF, the World
Bank etc. . . ),
impact of capital flows and the debt crisis in African context.

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A


Scope and plan of the course

Course Objective

The objective of this Course is to:


Demonstrate understanding of the various effects of trade policy
interventions
Be able to identify those groups that benefit and lose from a move from
free to restricted trade
Demonstrate how to apply economic reasoning to global policy issues in a
critical manner
Demonstrate knowledge of the current issues in economics, an
appreciation of how economists address international economic issues and
be familiar with current research issues in international economics
Understand the economic basis behind current policy debates in
international economics
Critically address different policy proposals in addressing issues arising in
international economics
Deliver coherent argument in written work, including coherent arguments
for assessing complex policy issues in the global economy Develop
presentation skills in addressing theoretical and empirical issues in
international economics
Lay a foundation of open Macro International Economics
Discuss and analyze nation’s international interaction through trade and
finance to the rest of the world.
Explain approaches and techniques of analyzing trade and finance
internationally.
Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A
Scope and plan of the course

Contents Covered

Introduction
International Trade Theories
International Trade Policy
International Trade and Economic Development
International Trade Institutions and Regional Economic Arrangements

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A


Scope and plan of the course

Course Delivery Methods

The delivery method shall be student-centered.


Students are highly expected to participate in class works at the middle
and end of each session and in group discussions inside and outside of the
class.
Specifically, the course will be delivered through the following methods:
Lectures method including theories,mathematical application,
empirical evidences
In-class problem solving
Group Work
Brainstorming
Debating on assigned topics

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A


Scope and plan of the course

Materials/References

Lecture slides
Main References
Alemayehu Geda (2012), Fundamentals of International Economics for
Developing Countries: A Focus on Africa, African Economic Research
Consortium, Printwell Industries Ltd., Nairobi, Kenya
Appleyard, Dennis R. and Field, Alfred J. (1998), International
Economics, Irwin McGraw - Hill, Boston, U.S.A.
Hallwood, C. Paul and Ronal MacDonald, (1994), International Money
and Finance, Oxford, Blackwell.
Krugman, Paul and Maurice Obstfeld (1997), International Economics:
Theory and Policy, Addison – Wesley Longman, Inc. California, U. S. A.
Markusen et al, International Trade Theory and Evidence, McGraw – Hill
Education, 1994 Mitra, D., Panagariya, A. (ed.) (2004), The Political
Economy of Trade, Aid and Foreign Investment Policies, Elsevier
Salvatore, Dominic (1995), International Economics, Prentice hall
International, Inc.
Sodersten, B. and G. Reed (1994), International Economics, New York:
St. Martin’s Press, U. S. A.
Sodersten, B. and G. Reed, (1994), International Economics, Macmillan,
London.
Stiglitz J., Charlton A. (2007), fair Trade for All: How Trade can Promote
Development, Oxford University Press

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A


Scope and plan of the course

Materials/References

Additional /Supplementary Readings


Balassa, B. (1961), The Theory of Economic Integration, Homewood,
Illinois: Richard D. Irwin, Inc.
Bhagwati, J. N. and T. N. Srinivasan (1983), Lectures on International
Trade, Cambridge, Massachusetts: The MIT Press.
Bagwati, J. N. and T. N. Srinivasan (1983), Lectures on International
Trade, Cambridge, Massachusetts:
The MIT Press. Economic Commission for Africa (2004), Economic
Report on Africa 2004: Unlocking Africa’s Trade Potential, Economic
Commission for Africa, Addis Ababa, Ethiopia ,
—————–Assessing Regional Integration in Africa: ECA Policy
Research Report, Economic Commission for Africa, Addis Ababa, Ethiopia.
Salvatore, Dominic (1987), Theory and Problems of International
Economics, Schaum’s Outline Series: McGraw – Hill Book Company.
Snider, D. A. (1954), Introduction to International Economics,
Homewood, Illinois: Richard D. Irwin, Inc.

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A


Scope and plan of the course

Assessment

Written Final Exam (50%)


Assignment ( individual and group assignment) =25%
Mid Semester exam = 25%

Mengesha.Y(Ph.D.) International Economics I (Econ 3081) B.A

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