| Institute of Food and Resource Economics | |||||||||||||||||||||
| Earliest Possible Year | MSc. 1 year | ||||||||||||||||||||
| Duration | One block | ||||||||||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||||||||||
| Course Level | MSc | ||||||||||||||||||||
| Examination | Continuous Assessment written examination Written Exam in Lecturehall All aids allowed Description of Examination: There are two elements in the assessment: COURSEWORK consisting of no less than three exercises/homework assignments, and one presentation during blok 1; and WRITTEN EXAM of three hours at the end of blok 1. Weight: 40% from COURSEWORK during blok 1; and 60% from WRITTEN EXAM . 13-point scale, external examiner Dates of Exam: 04 November 2006 | ||||||||||||||||||||
| Organisation of Teaching | Lectures, classroom discussions, student presentations, in-class exercises,and homework. | ||||||||||||||||||||
| Block Placement | Block 1 Week Structure: B | ||||||||||||||||||||
| Teaching Language | English | ||||||||||||||||||||
| No Credit Points With | It is not possible to obtain credits for both this course and the course Thematic Course: Trade and International Cooperation (290035). | ||||||||||||||||||||
| Optional Prerequisites | Microeconomics, International Economics, Welfare Economics and Policy Analysis, and knowledge of basic calculus and matrix algebra. Intereseted students who do not have the above background are advised to consult the course coordinator. | ||||||||||||||||||||
| Areas of Competence the Course Will Address | |||||||||||||||||||||
| Competences obtained within basic science: In-depth understanding of classical and new trade theory, theory of trade policy, and institutions of international trade policy coordination and the theory behind it. Competences obtained within applied science: Ability to apply the theoretical knowledge gained from the course to conduct concrete policy analysis of various international trade and coordination issues, especially those specific to international agricultural trade, those related to the reforms of the EU common agricultural policy and the ongoing WTO trade negotiations, as well as those concerning developing countries and economic development. Competences obtained within ethics & values: Being able to form coherent and balanced opinions on the economic and social consequences of free trade and globalization on different constituents within a country and on different countries around the globle. | |||||||||||||||||||||
| Course Objectives | |||||||||||||||||||||
| The objectives of this graduate-level course are two folds. First, students will be exposed to the theory of international trade, international trade policy, and international trade policy coordination. Second, the insights and analytical tools gained from the theoretical discussion will be applied to analyze issues related to agricultural trade, agricultural trade policy, and the reforms of agriculture trade policy, especially those concerted actions under the WTO. | |||||||||||||||||||||
| Course Contents | |||||||||||||||||||||
| The course primarily covers the following topics. First, models seeking to explain the causes, patterns and consequences of international trade are presented. These include the Ricardian model, the HO model, the Specific Factors model and several new trade models featuring increasing returns and imperfect competition. Second, the theory of international trade policy, mainly the analysis of trade policy instruments under perfect and imperfect competitions, is introduced. Third, the institutions (such as the WTO and its various trade agreements) and the theory of international trade policy coordination are discussed. Last, we turn to topics specific to agricultural trade, agricultural trade policy, and coordinated reforms in agricultural trade policy at the regional, plural and multilateral levels. | |||||||||||||||||||||
| Teaching And Learning Methods | |||||||||||||||||||||
| Students are expected to take part in a whole range of classroom activities, including lectures, presentations, discussions, and exercises. They are also required to work on homework assignements outside regular classroom meetings. | |||||||||||||||||||||
| Course Litterature | |||||||||||||||||||||
| Textbooks and Primary References 1. Advanced International Trade: theory and evidence, by Robert Feenstra, Princeton University Press 2004. (Most chapters). 2. Global Agricultural Trade and Developing Countries, edited by Aksoy & Beghin, The World Bank 2005. (selected chapters) 3. Agriculture and the WTO: creating a trading system for development, edited by Ingco & Nash, The World Bank 2004. (selected chapters) 4. Other materials from academic journals, books, and other sources. | |||||||||||||||||||||
| Course Coordinator | |||||||||||||||||||||
| Wusheng Yu, wusheng@foi.dk, Institute of Food and Resource Economics/International Economics and Policy Division, Phone: 35336812 | |||||||||||||||||||||
| Study Board | |||||||||||||||||||||
| Study Committee NSN | |||||||||||||||||||||
| Course Scope | |||||||||||||||||||||
| |||||||||||||||||||||