Type of Credit: Elective
Credit(s)
Number of Students
The course is divided into two parts. The first part introduces the normative theory of trade. We analyzethe optimal trade policy when the government has different objective functions (maximizing welfare of the society or maximizing the welfare of the government etc.) and under various market structures. We also consider the strategic interactions of home and foreign governments and examine the economic principle of GATT and WTO. The second part considers some advanced topics of positive trade theory including the decisions of export, foreign direct investment andstructure of multinational firms.
能力項目說明
Learning how the trade policy is formed and how it affects the welfare of a country. Understanding how firms' heterogeneous characteristics affects the welfare of an economy and the volume of trade.
| 教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
|---|---|---|
There should be homework every two weeks. Students may have to invest one to two hours per week.
Week 1: the standard model.
Week 2-4: Instrument of trade policy and the optimal trade policy under small open economy.
Week 5-8: The optimal trade policy of a large open economy.
Week 9: Midterm
Week 10-11: The strategic interaction of governments, The economic principle of GATT and WTO.
Week 12-13: The optimal trade policy under imperfect competition.
Week 14-15: The political economy of trade policy.
Week 16: Final
Week 17-18: The heterogeneous firms, FDI, and structure of multinational firms.
Midterm 40%
Final 40%
homework or attendance rate 20%
International Economics (11th Edition), Krugman and Obsfeld
International Trade: Theory and Evidence, Markusen, Melvin, Kaempfer and Maskus
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