| Institute of Food and Resource Economics | |||||||||||||||||||||
| Earliest Possible Year | MSc. 1 year | ||||||||||||||||||||
| Duration | Two blocks | ||||||||||||||||||||
| Credits | 15 (ECTS) | ||||||||||||||||||||
| Course Level | MSc | ||||||||||||||||||||
| Examination | Continuous Assessment written examination and oral examination Written Exam in Lecturehall All aids allowed Description of Examination: There are four elements in the assessment: 1) COURSEWORK consisting of no less than three exercises/homework assignments, and one presentation during blok 1; 2)WRITTEN EXAM of three hours at the end of blok 1; 3)assessment of PROJECT REPORT; 4) ORAL EXAM based on the project report at the end of blok 2. Weight: 15% from COURSEWORK during blok 1; 35% from the WRITTEN EXAM at the end of blok 1; 40% from the project report and 10% from the report-based ORAL EXAM at the end of blok 2. 7-point scale, external examiner Dates of Exam: 03 November 2007 | ||||||||||||||||||||
| Organisation of Teaching | Lectures, classroom discussions, student presentations, in-class exercises, homework, and project work | ||||||||||||||||||||
| Block Placement | Block 1 Week Structure: B Block 2 Week Structure: B | ||||||||||||||||||||
| Teaching Language | English | ||||||||||||||||||||
| No Credit Points With | It is not possible to obtain credits for both this course and the course Trade and International Cooperation (290036). | ||||||||||||||||||||
| 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. | ||||||||||||||||||||
| Restrictions | None | ||||||||||||||||||||
| 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 agriculture 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 trade and globalization on different constituents within a country and on different countries around the world. | |||||||||||||||||||||
| 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 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 | |||||||||||||||||||||
| The course is a thematic course encompassing two blocks. In the first block, 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. In the second block, students are expected to choose a topic that is relevant to the theme of the course and individually to carry out a research project on that topic. Students are asked to apply the knowledge and analytical tools they have learned from block 1 to the analysis of their research questions. The project report will be used as the basis for the oral examination. | |||||||||||||||||||||
| Learning Outcome | |||||||||||||||||||||
| Stipulated in "Areas of Competence the Course Will Address" | |||||||||||||||||||||
| 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 | |||||||||||||||||||||
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