COURSE TITLE:



|COURSE TITLE: INTERNATIONAL TRADE |

|SEMESTER: (WINTER or SUMMER) |

|TEACHER’S NAME: Associate Professor Emil Himirsky, PhD |

|OFFICE: |

|E-MAIL: |

|Annotation |

|The lecture course includes the following parts: |

|Classical and contemporary theory of foreign trade. |

|Foreign trade policy. |

|Economic growth, economic development and international trade. |

| |

|The structure of all lecture courses on International Trade is as follows: |

|The first part includes in particular the principle of absolute and relative advantages, the questions of supply and demand in |

|international trade, the problems of specialization and distribution of the gains from trade. Examines is also the law of reciprocal |

|demand, the economic sense and drawing of offer curves, the theoretical model Heksher-Olin and the Leontiev paradox. |

|The second part includes the themes connected with the theory of tariffs, the mechanism of the tariff action, the effective rate of |

|protection, the classification and the specific character of the action of non-tariff regulators in international trade. Practical |

|importance ave the questions connected with the application of the most favored nations clause in GATT and now WTO. Analyzed are also |

|the forms on integration and their importance on foreign trade development. |

|The third part examines the essence of the economic growth, the peculiarities of the economic development in the developing countries, |

|the commodity export as an engine of economic development. Special attention is paid to the external sources of economic development and|

|their influence of the international trade. |

|LANGUAGE OF TEACHING |

|ENGLISH |

|COURSE CONTENT (TOPICS) |

|Classical Theory of International Trade |

|The Principle of the Comparative Advantages |

|Modern Theory of International Trade |

|Reciprocal Demand Law. Offer Curves. |

|Heksher-Olin Theoretical Model |

|Empirical Prove of the Ricardo and Heksher-Olin Models |

|Foreign Trade Policy. Tools of the Foreign Trade policy. |

|Tariffs and Tariff Policy. Nominal and Effective Rate of Protection |

|Non-Tariffs Barriers in International Trade |

|Most – Favored Nations Principle. GATT/WTO and the International Trade Liberalization |

|Economic Integration and International Trade |

|Economic Growth and Economic Development |

|The Commodities Export and the Economic Development |

|Classical and Modern Theory of International Trade |

|The Law of Reciprocal Demand. Offer Curves |

|Heksher-Olin Theoretical Model |

|Tariffs and Tariff Policy. Nominal and Effective Rate of Protection. Non Tariff Barriers in International Trade |

|Most Favored Nations Principle. GATT/WTO and International Trade Liberalization |

|Economic Growth and Economic Development |

|The Commodity Export and Economic Development |

|Trade Strategies |

|METHODS OF TEACHING |

|The teaching is done trough the combination and expand of lectures with seminars, cases, Power point, slides and other technical devices|

|are used. |

|INDIVIDUAL ASSIGNMENTS: |

|Course work is assigned on international trade problems to each student /20-30 pages/ |

|LEARNING OUTCOMES |

|The course will provide basic knowledge to students on the classical and the contemporary theory of international trade, on the |

|contemporary means of foreign trade policy, on problems of liberalization of foreign trade within GATT and WTO, on problems connected |

|with the international movement of the factors of production, on economic growth and economic development. |

|The knowledge and the skills on International Trade are necessary for the successful studying of the material on the other compulsory |

|and faculty subjects. |

|The teaching forms the theoretical basement, necessary for the professional training of the students from the specialization of |

|“International economic relations”, as well as for the students from other economics specializations with international profile. |

|ASSESTMENT METHODS |

|exam –70%, course work –20%, presence –10% |

|Excellent /6/ |

|Very good /5/ |

|Good /4/ |

|Fair /3/ |

|Poor /2/ |

| |

|A |

|B |

|C |

|D |

|E |

|FX |

|F |

| |

| |

|80% 75% 70% 60% |

| |

|Credits are awarded as provided for in the plan |

|No credits awarded |

|50% |

| |

|REFERENCES (MANDATORY AND RECOMMENDED) |

|А. BASIC |

|Paul Krugman, Maurice Obstfeld, Marc Melitz, International Economics, Theory and Policy, 9 ed., Pearson, UK, 2011 |

|Емил Химирски, Международен икономикс, УИ Стопанство, 1991 |

|Димитър Стойков, Международна търговия, УИ Стопанство, 1996 |

|B. ADDITIONAL |

|Dominick Salvatore, International Economics, John Wiley @ Sons, 2007 |

|James Gerber, International Economics, Pearson International Edition 2010 |

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