University
of
Oregon
EC
481/581,
Spring
2015
Department
of
Economics
Prof.
Anca
Cristea
EC
481/581:
International
Trade
Mondays
and
Wednesdays
16:00
–
17:20,
Gerlinger
Hall
302
Contact Information:
Instructor: Anca CRISTEA
Office: PLC 514 Office Hours: M,W 2:00pm–3:00pm & by appt.
E-mail: cristea [at] uoregon.edu Course website: On Blackboard
Phone: 346-1245
GTF: Brian Dombeck
E-mail: bdombeck [at] uoregon.edu
Course Description:
This course will examine the causes and consequences of international trade. We will investigate
why countries trade with each other, what goods and services they trade, who gains and who looses
from international trade, and how governments intervene to regulate cross-border trade flows. The
course is organized in two parts. The first part will focus on the theories explaining the patterns of
international trade, and on the empirical evidence available in support of such theories. The second
part will focus on trade policies, examining their rationale, impact on trade and consequences for
economic welfare. The aim of this course is to give students the necessary knowledge and tools to
recognize, critically assess and engage in discussions of real world economic events that have an
international focus.
Course Prerequisites:
The prerequisites for this course are Intermediate Microeconomic Theory (EC 311) and Introduction
to Econometrics (EC 320).
Textbook:
The required textbook for this class is:
Feenstra and Taylor, International Economics, Second Ed., Worth Publishers (ISBN 9781429231183)
The content is identical to the textbook International Trade by the same authors (ISBN 9781429241045).
If you have a copy of “International Trade”, you need not purchase any other text.
Grading:
Course grades will be determined as follows:
Homework 10%
Quiz (in-class) 20%
Midterm 30%
Final (cumulative) 40%
Three problem sets will be distributed over the quarter. All three assignments must be completed, but
only two of your best scores will count towards your final grade. Each homework is due in class
before the lecture starts on the day specified and announced well in advance (any homework submitted
during the lectures will receive a 5% penalty from the maximum points possible). Late problem sets
will not be accepted.
The in-class quiz is announced and covers material decided and communicated well in advance.
Exams are mandatory. The final exam is cumulative. In marginal cases, class attendance and
participation will be taken into account.
University
of
Oregon
EC
481/581,
Spring
2015
Department
of
Economics
Prof.
Anca
Cristea
Important dates:
Exams:
Midterm Exam (in-class): April 29, 2015 (Wednesday)
Quiz (in-class): May 20, 2015 (Wednesday)
Final Exam: 2:45 pm - 4:45 pm Thursday, June 11, 2015
Assignments due dates (subject to change):
Homework #1: April 8, 2015
Homework #2: April 22, 2015
Homework #3: May 27, 2015
Make-up Exams:
Exams can only be made up in emergency circumstances. If you know in advance that you must
miss an exam, you must let me know before the exam is administered and if the excuse is valid we
will work something out.
Re-grade Policy:
I do not accept re-grades for the homework assignments. Exam re-grade requests are subject to the
following rules:
1. Requests must be submitted within one week of handing the exams back.
2. Requests must be in written form, explaining clearly why you think you deserve more points.
3. Re-grade requests imply re-evaluating the entire exam, not just the question you have highlighted.
Since errors in grading go both ways, this means that your grade can go up and it can go down.
Requirements for 581 Students:
Students taking the course for graduate level credit will be required to write an applied paper (8
pages double-spaced) on a topic related to the course material. Please schedule to see me no later
than the end of the third week to agree on a paper topic. Further along the quarter, students are
encouraged to discuss with me their progress on the project. This paper will comprise 15% of your
grade, with the other components accounting for the following percentages: homework 10%, quiz
10%, midterm 25%, and final 40%. The paper is due on the last day of class (March 11, 2015).
Learning Outcomes:
This course has a number of learning outcomes. After completing this course, a student will attain:
• Proficiency in key concepts and theoretical models of international trade
• Ability to use economic data to examine empirical evidence in support of international trade theories
• Ability to apply the knowledge accumulated in this course to real world issues related to
international trade and globalization
Academic Misconduct:
Academic misconduct (from plagiarizing work to cheating on exams) will not be tolerated. Please
acquaint yourself with the Student Conduct Code available at:
https://uodos.uoregon.edu/StudentConductandCommunityStandards/StudentConductCode
If I have reason to believe that a student is violating the Student Conduct Code, I will involve the
Office of the Dean of Students.
Accessibility:
If you have a documented disability and anticipate needing accommodations in this course, please
make arrangements with me during the first week of the term. Please request that the Accessible
Education Center (164 Oregon Hall) send me a letter verifying your disability.
University
of
Oregon
EC
481/581,
Spring
2015
Department
of
Economics
Prof.
Anca
Cristea
Preliminary Outline of the Course (subject to change):
Week 1: Course Introduction and Overview of Globalization
Reading: Chapter 1
Technology and Trade: Ricardian Model
Reading: Chapter 2, Section 1 & 2
Week 2: Technology and Trade: Ricardian Model (cont’d)
Reading: Chapter 2, Sections 3-5
Specific Factors Model
Reading: Chapter 3, Section 1
Week 3: Specific Factors Model (cont’d)
Reading: Chapter 3, Sections 2-4
Chapter 5, pp. 143-151; 162-165
Resources and Trade: Heckscher-Ohlin Model
Reading: Chapter 4
Week 4: Resources and Trade: Heckscher-Ohlin Model (cont’d)
Reading: Chapter 4
Chapter 5, pp. 152-161; 165-166
Week 5: Increasing Returns and Monopolistic Competition
Reading: Chapter 6, section 1
MIDTERM EXAM (in class)
Week 6: Increasing Returns and Monopolistic Competition (cont’d)
Reading: Chapter 6
Week 7: Trade Policy under Perfect Competition
Reading: Chapter 8
Week 8: Trade Policy under Perfect Competition (cont’d)
Reading: Chapter 8
Agricultural Export Subsidies
Reading: Chapter 10, pp. 355-368
Week 9: Trade Policy under Imperfect Competition
Reading: Chapter 9
Week 10: Trade Policy under Imperfect Competition (cont’d)
Reading: Chapter 9
International Trade Agreements
Reading: Chapter 11
FINAL EXAM: 2:45 pm - 4:45 pm Thursday, June 11 2015
