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Home arrow Testimonials arrow Foreign Students arrow International Economics + Case studies in global Economics
International Economics + Case studies in global Economics PDF Print E-mail

Table of Contents

International Trade Theory
Early trade theories
Classical theory
Absolute Advantage
Comparative Advantage
The Standard Trade Model
The Heckscher-Ohlin-Samuelson (HOS) model
Modern trade theories
Internal economies of scale and the pattern of specialisation in free trade
External economies of scale
The Porter analysis
International Trade Policy
Trade Restrictions: Tariffs
The optimum tariff theory
Import tax
Export tax
Export subsidy
Nontariff Trade Barriers
Modern arguments relating to protection
The Political Economy of Protectionism
Infant industry argument
External economies of scale
Strategic trade policy
Trade policy and market failure
The practice of protection
Theory of effective protection
The role of GATT and WTO
Business, government and lobbying
Economic Integration
Forms of economic integration
Trade creation and trade diversion in customs unions
Dynamic benefits from customs unions
Growth and development with international trade
Growth and development over time
Trade theory and economic development
The contribution of trade to development
The terms of trade and economic development
Immiserizing Growth
Export instability and economic development
Import substitution versus export orientation
Trade liberalization and growth in developing countries
Current problems facing developing countries
Foreign Debt Problem
Trade problem
International Resource Movements and Multinational Corporations
Types of foreign investments
Data on international capital flows
Motives for international portfolio investments
Motives for direct foreign investments
Effects of international capital flows on investing and host countries
Reasons for the existence of multinational corporations
Problems created by multinational corporations in the home country
Problems created by multinational corporations in the host country
Motives and welfare effects of international labour migration
Exchange rates and the International Financial System
The Balance of international payments
Purchasing-Power Parity and exchange rates
The International Monetary System
Fixed exchange rates
Flexible/Floating exchange rates
Managed exchange rates
Today’s Hybrid System
International Monetary Institutions after World War II
The International Monetary Fund
The World Bank
The Bretton Woods System

Teaching Method

The class sessions consist of a combination of lectures, discussion, and group exploration and problem solving sessions. Students are required to prepare a written analysis of case studies and present their results.
The instructor leads the ensuring  and qualified feedback from
Interactive lecture (50%)
Case Studies (25%)
Presentations (25%)

Course Material

Salvatore, Introduction to International Economics, (2005) pp. 1-246
Nordhaus/Samuelson, Economics (2004), pp. 612-635
Jepma, Jager, Kamphuis, Introduction to International Economics, (1996) pp. 56-86, 115-150, 187-219
Case study:
Vedpuriswar, A.V., The falling Dollar, distributed by the European Case Clearing House, England and USA (2005)
and three case studies from:
Issac, J. and Khader, A., Economic Crisis in India, Southeast Asia and Argentina, distributed by the European Case Clearing House, England and USA (2004)


Exam (70%)
Paper (20%)
Presentation (10%)

Case Studies in Global Economics

This course introduces globalization and democratization from an interdisciplinary perspective. It examines major changes to the global political economy and explores implications for local, national, regional, and international political and economic processes
Using the case method of instruction, students apply economic theory and empirical analysis to specific regions and organizations in developing and industrialized countries.
Students learn to understand the complicated causes, processes and effects of globalization, especially with regard to economic integration and the situation in developing countries.

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