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Economics
> ECO603
ECO603
:
International Economics
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Course Info
Course Category
Economics
Course Level
Undergraduate
Credit Hours
3
Pre-requisites
N/A
Instructor
Dr. Atif Khan Jadoon
PHD Economics
Punjab University
Course Contents
What is International Economics The Gains From Trade The Pattern Of Trade How Much Trade Balance Of Payment Exchange Rate Determination International Trade Policy International Capital Market Trade And Money Introduction and Some Basic Concepts of Trade The Mercantilists' Views on Trade Absolute Advantage Absolute Advantage with the Help of Example Law of Comparative Advantage with Example The Gains From Trade The Case of No Comparative Advantage Comparative advantage with money Comparative advantage and the labor theory of value The opportunity cost theory The production possibility frontier (PPF) under constant cost Opportunity cost and relative commodity Price The basis for and the gain form trade under constant cost Relative commodity price with trade The production frontier with increasing costs Reasons for increasing opportunity cost and different production frontier The Marginal rate of transformation Community indifference curves The marginal rate of subsititution (MRS) Difficulties with community indifference curve Equilibrium in Isolation Equilibrium-Relative Commodity Prices and Comparative Advantage The Basis for and the Gain From Trade With Increasing Costs Equilibrium-Relative Commodity Prices with Trade Incomplete Specialization Small-Country Case with Increasing Costs The Gains From Exchange and From Specialization Trade Based on Differences Equilibrium-Relative Commodity Price with Trade; Partial Equilibrium Analysis Origin and Deffinition of Offer Curve Derivation and Shape of the Offer Curve of Nation 1 Derivation and Shape of the Offer Curve of Nation 2 General Equilibrium Analysis Relationship Between General and Partial Equilibrium Analysis The Terms of Trade (TOT) Introduction Assumptions of the Theory (I) Assumptions of the Theory (II) Factor Intensity Factor Intensity Factor Abundance (I) Factor Abundance (II) Factor Abundance and the Shape of the Production Frontier Factor Endowments and the Heckscher–Ohlin Theory The Heckscher–Ohlin Theorem (factor-endowment theory) General Equilibrium Framework of the H–O Theory Illustration of the H–O Theory The Factor–Price Equalization and Income Distribution The Factor–Price Equalization Theorem Relative and Absolute Factor–Price Equalization (I) Relative and Absolute Factor–Price Equalization (II) Effects of Trade on the Distribution of Income The Specific-Factors Model (I) The Specific-Factors Model (II) The Leontief Paradox Factor-Intensity Reversal (FIR) (I) Factor-Intensity Reversal (FIR) (II) Introduction Types of Import Tariff Partial Equilibrium Analysis of a Tariff (I) Partial Equilibrium Analysis of a Tariff (II) Effect of a Tariff on Consumer Surplus (I) Effect of a Tariff on Consumer Surplus (II) Effect of a Tariff on Producer Surplus Costs and Benefits of a Tariff (I) Costs and Benefits of a Tariff (II) The Rate of Effective Protection (I) The Rate of Effective Protection (II) General Equilibrium Analysis of a Tariff in a Small Country Illustration of the Effects of a Tariff in a Small Country The Stolper–Samuelson Theorem (I) The Stolper–Samuelson Theorem (II) General Equilibrium Effects of a Tariff in a Large Country Illustration of the Effects of a Tariff in a Large Country (I) Illustration of the Effects of a Tariff in a Large Country (II) The Optimum Tariff and Retaliation Illustration of the Optimum Tariff and Retaliation Import Quotas Effects of an Import Quota Comparison of an Import Quota to an Import Tariff Other Nontariff Barriers and the New Protectionism Voluntary Export Restraints (I) Voluntary Export Restraints (II) Technical, Administrative, and Other Regulations International Cartels Dumping (I) Dumping (II) Export Subsidies Analysis of Export Subsidies (I) Analysis of Export Subsidies (II) Introduction: Some Basic Concepts (I) Introduction: Some Basic Concepts (II) Trade-Creating Customs Union Illustration of a Trade-Creating Customs Union Trade-Diverting Customs Unions Illustration of a Trade-Diverting Customs Union (I) Illustration of a Trade-Diverting Customs Union (II) The Theory of the Second Best Conditions More Likely to Lead to Increased Welfare Static Welfare Effects of Customs Unions Dynamic Benefits from Customs Unions Introduction Trade Theory and Economic Development Trade as an Engine of Growth (I) Trade as an Engine of Growth (II) The Contributions of Trade to Development International Trade and Endogenous Growth Theory The Various Terms of Trade Reasons for Deterioration in the Commodity TOT Cause and Effects of Export Instability Measurements of Export Instability and Its Effect on Development International Commodity Agreements (I) International Commodity Agreements (II) Development through Import Substitution versus Exports (I) Development through Import Substitution versus Exports (II) Experience with Import Substitution Trade Liberalization and Growth in Developing Countries Trade Problems of Developing Countries (I) Trade Problems of Developing Countries (II) Introduction Basic Concepts of Macroeconomics The National Income Accounts National Product and National Income Adjustment in GNP and GDP National Income for closed and Open Economy The Current Account and Foreign Indebtedness(I) The Current Account and Foreign Indebtedness (II) Saving and the Current Account Private and Government Saving The Balance of Payments Accounts Function of Foreign Exchange Market Equilibrium Foreign Exchange Rates (I) Equilibrium of Foreign Exchange Rates (II) Cross-exchange rate Arbitrage The Exchange Rate and the Balance of Payments Spot and Forward Rates Forward Rates and Its Equilibrium Foreign Exchange Swaps Foreign Exchange Risks (I) Foreign Exchange Risks (II) Hedging (I) Hedging (II) Speculation(I) Speculation (II) Introduction The Gold Standard Period (1880–1914) The Interwar Experience The Gold-Exchange Standard (1947-1971) U.S. Balance-of-Payments Deficits Collapse of the Bretton Woods System The International Monetary System: Present and Future