Ecn302g.pdf Ita
Ecn302g.pdf Ita
Ecn302g.pdf Ita
ECN302
INTERNATIONAL TRADE AND POLITICS
CONTENT OVERVIEW
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Course Prerequisites (if any)
ECN101G+HUM101G
Course Description
This course analyses the interdependence that arises from international trade in goods
and services. We cover the following topics: the gains from trade, the pattern of trade,
the impact of protection, international factor movements, and trade policy. The course
further in-depth studies the institutions dealing with, and regulating trade policy.
In terms of knowledge:
➢ Demonstrate their understanding of the concepts of comparative advantage
and the gains from trade, by applying the theories covered in the course to
concrete cases.
➢ Demonstrate their understanding of the determinants of the trade pattern
between countries and assess its effects on the distribution of income between
and within these countries.
➢ Understand the political economy of trade policy and the economic effects of
different trade policy instruments.
➢ Understand the role of international trade bodies such as the WTO.
➢ Understand the effects of international trade on economic development,
international politics/conflicts and the environment.
In terms of skills
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In terms of attitudes, students should develop in this course:
➢ critical attitudes, which are necessary for “life-long learning”
➢ an attitude of open-mindedness and self-critical reflection with a view to self-
improvement
➢ sensibility towards the ethical dimensions of different aspects of the content of
this course
Summary:
Number of assignments used in this course: 3
Number of Feedback occasions in this course (either written or oral): 3
Number and Types of Teaching Methods: Lectures, in class discussions, in class
poster presentation, independent study
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Major Learning Course Learning Methods Methods (and Type, Timing
Objectives objectives addressing used to numbers/types and Instances
the Major Objectives Teach Course of assignments) of Feedback
(testable learning Objectives used to test given to
objectives) these learning Student
objectives
problems.
x Lectures, Research Paper, Written feedback
The bachelor knows and individual study Midterm and final two weeks after the
is able to apply common examination assignment is
qualitative and submitted
quantitative research
methods and is able to
apply these in the field of
business studies
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Major Learning Course Learning Methods Methods (and Type, Timing
Objectives objectives addressing used to numbers/types and Instances
the Major Objectives Teach Course of assignments) of Feedback
(testable learning Objectives used to test given to
objectives) these learning Student
objectives
analysis of business-
oriented problems and
is able to propose
solution to specific
business problems.
Main Course Materials (please note that you can find the readings for each
week and session in the Course Schedule section below):
The course material consists of powerpoint presentations, lecture notes and readings
from the textbook. Powerpoint presentations will be made available after the
respective classes have taken place. A week-by-week overview of the course
readings can be found in the section below.
Textbook:
Krugman, P.R., Obstfeld, M., and Melitz, M. (2018). International Economics: Theory
and Policy. Pearson. 11th Edition.
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Leading Journals in Business Studies
http://ec.europa.eu/trade/trade-policy-and-you/publications/newsletters/
Websites of Interest:
www.wto.org
http://ec.europa.eu/trade
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Work Load Calculation for this Course:
This course counts for 6 ECTS, which translates into 150 – 180 hours for the entire
semester for this course. This means that you are expected to spend roughly 10
hours per week on this course. This includes 3 hours of lectures or seminars per
week and 7 hours ‘out of class’ time spent on preparatory readings, studying time for
exams as well as time spent on preparing your assignments. Please see below the
estimated breakdown of your work-load for this course.
The students will be evaluated on the basis of their performance in the following
assignments:
Vesalius College grading policy follows the American system of letter grades, which
correspond to a point scale from 0 – 100. All assignments (including exams) must
be graded on the scale of 0-100. To comply with the Flemish Educational norms,
professors should on request also provide the conversion of the grade on the Flemish
scale of 0-20. The conversion table below outlines the grade equivalents.
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B- 69-72 13.7-14.4
C+ 66-68 13.1-13.6
C 62-65 12.3-13.0
C- 58-61 11.5-12.2
D+ 54-57 10.7-11.4
D 50-53 10.0-10.6
F 0-49 0-9.9
Students will write a research paper (3000-4000 words, see Rubric ‘Research paper
300 – level’) about one of the following topics:
The paper should refer to the most important (seminal) contributions of the literature
in question (in particular for the first three subjects), but should also demonstrate that
students are up-to-date with recent evolutions in the field. The papers are due on 3
April 2019 and will be presented (poster presentation) and discussed in week 12 of
the course. Poster presentations will not be graded. However, students who do not
present their poster will receive a penalty of 10% on their grade for the research
paper. Students should carefully read the paper of a fellow student for which they
were assigned as discussant. Students who do not take up their role as discussant
will receive a penalty of 10% on their grade for the research paper.
The written mid-term exam will consist of open, short questions on the theory
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covered, 2 exercises on the application of economic models, and a brief medium
essay question (max 500 words length) on lectures of week 1, 2, 3, 4, 5 and 6. The
exams will test both the knowledge of the students (about 50%), as well as their
ability to apply their knowledge (about 50%).
The written final exam will consist of open, short questions on the theory covered, 2
exercises on the application of economic models, and a brief medium essay question
(max 500 words length) on lectures of week 8, 9, 10, 11 and 13. The exams will test
both the knowledge of the students (about 50%), as well as their ability to apply their
knowledge (about 50%).
Participation implies that students are on time: as a general rule, the College
advises that students should be punctual in this regard, but it is up to the professor to
decide whether to count late arrivals as absences, or not.
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Submitting assignments
All assignments need to be submitted via turnitin. If you need to contact us via email,
please always indicate the course title in the email heading. If you save your file,
please use your name and the assignment in the subject line, ECN302-‘Your name’-
Assignment ’1’,, and save as such. All assignments also need to be submitted in hard
copy during class and send to the instructor (Adriaan.Luyten@vub.ac.be)
Use of Electronics
Computers are permitted to take notes. However, if you use your laptop for
something unrelated to the course, you will not be allowed to bring it to any of the
future classes.
Mobile phones are to be turned off! If your mobile phone rings in class, please turn it
off immediately. If you are caught talking on your mobile or texting during class you
will be asked to leave the class immediately.
Preparation
Students are requested to read the chapters in advance, as well as prepare the
additional texts. This will give the students a clear idea about the concepts exposed
during class and makes them benefit from the course to the maximum degree.
Grammar, spelling, lay-out and punctuation are important during your career. Please
do use the appropriate tools before submitting any assignment.
Late assignments
Late assignments are not allowed. For each day passed the deadline, you will
only be able to get 1/(n+1) of the total points (n being the number of days to
late, with a maximum of 5). You must be in attendance on the day assignments
are due. Late assignments without penalty can only be accepted with a medical
statement or after formal prior approval of the instructor.
Writing Style
APA formatting is required on all work.
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Turnitin
All written assignments that graded and count for more than 10% towards the final
course grade need to be submitted via the anti-plagiarism software Turnitin. You will
receive from your professor a unique password and access code for your Class.
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Course Schedule (Overview)
Week 4 13/02/2019 The Heckscher – Ohlin model: Wages and inequality (1)
Week 5 20/02/2019 The Heckscher – Ohlin model: Wages and inequality (2)
Week 7
Mid- 06/03/2019 Mid-Term Exams
term
Week
Week 8 13/03/2019 The standard trade model: the ‘Terms of trade’ (1)
Week 9 20/03/2019 The standard trade model: the ‘Terms of trade’ (2)
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Detailed Session-by-Session Course Outline
Reading:
None
Reading:
Compulsory:
Recommended:
Leamer, E., A Flat World, a Level Playing Field, a Small World After All, or None of
the Above? A Review of Thomas L. Friedman’s The World is Flat,
http://www.anderson.ucla.edu/faculty/edward.leamer/pdf_files/mar07_leamer.pdf
Guiding Questions:
Reading:
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Compulsory:
KOM Chapter 3
Recommended:
Available at SSRN:
https://ssrn.com/abstract=113009 or http://dx.doi.org/10.2139/ssrn.113009
Guiding Questions:
Reading:
Compulsory:
KOM Chapter 4
Recommended:
Harrison, A., McLaren, J. and McMillan, M. (2011) Recent perspectives on trade and
inequality, Policy Research Working Paper, 5754
https://faculty.wharton.upenn.edu/wp-content/uploads/2011/12/Trade-and-
Inequality.pdf
Guiding Questions:
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Reading:
Compulsory:
KOM Chapter 5
Recommended:
Freeman, R. (1995). Are Your Wages Set in Beijing?, The Journal of Economic
Perspectives, 9(3) (1995): pp. 15–32.
Schott, P.K. (2003). One Size Fits All? Heckscher-Ohlin Specialization in Global
Production, American Economic Review, 93(3), pp. 686–708.
Guiding Questions:
Are the predictions of the Heckscher-Ohlin model (i.e. Countries export goods that
are intensive in the factors with which they are abundantly supplied) in line with your
observations in global markets?
What are the shortcomings of the Heckscher-Ohlin model?
Revision
Exercises
Problem set will be distributed in week 5
Reading:
Compulsory:
KOM Chapters 1, 2, 3, 4
Recommended:
Mid-term exam
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Week 8 (Wednesday, 13 March 2019)
Reading:
Compulsory:
KOM Chapter 5
Recommended:
Krugman, P. (1994). Does third world growth hurt first world prosperity?, Harvard
Business Review, 72 (2), pp. 113-121.
Acemoglu, D., Autor, D., Dorn, D., Hanson, G., Price, B. (2014). The rise of China and
the future of US manufacturing, VOXEU, available at https://voxeu.org/article/rise-
china-and-future-us-manufacturing
Guiding Questions:
Reading:
Compulsory:
KOM Chapter 5
Recommended:
Samuelson, P.A. (2004), Where Ricardo and Mill Rebut and Confirm Arguments of
Mainstream Economists Supporting Globalization, Journal of Economic Perspectives
18(3): pp. 135–46.
Guiding Questions:
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Week 10 (Wednesday, 27 March 2019)
Trade policy instruments: tariffs, export subsidies, import quota and export
restraints
Reading:
Compulsory:
KOM Chapter 8
Recommended:
The Economist; ‘The hidden persuaders’; Oct 12th 2013 (Pointcarré)
The protectionist temptation: Lessons from the Great Depression for today;
https://voxeu.org/article/protectionist-temptation-lessons-great-depression-today
Guiding Questions:
Who gains, who loses from a restrictive trade policy?
What is the rational to restrict trade?
Reading:
Compulsory:
KOM Chapter 9
Further Reading:
Guiding Questions:
Can free trade be sub-optimal?
What are the benefits and risks of deviating from free trade?
What are the goals of the WTO, and how does the WTO pursue these goals?
Reading:
Compulsory:
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Students should carefully read the paper of a fellow student for which they were
appointed as ‘discussant’.
Revision
Exercises
(problem sets will be distributed in week 13)
Final exam
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RUBRICS – RESEARCH PAPER 300-LEVEL
Criterion Description Points Comments (or directly in paper)
Introduction Explain Choice of Topic and why it is relevant (in terms of wider societal aspects or public interest) /2
and Research Context of topic within the academic debate / identifying briefly the gaps in the literature that this /2
Question / paper is addressing/filling
Statement / Clear and Concise Research Question / Research Statement /2
Puzzle Outline of structure of the paper and main argument /2
( /8 Points)
Literature The literature review identifies the relevant (i.e. to the chosen topic) arguments and debates in the /5
Review literature and places the student’s own topic in the wider academic context
It compares, contrasts and synthesizes the main authors and arguments /5
It evaluates strengths and weaknesses of the literature and identifies the gaps the student’s paper /5
( /20 Points) addresses
Connected to the Literature Review and based on literature related to the research question, the /5
student chooses a clear theoretical/conceptual frame-work to be applied in the analysis part of the
paper
Methods The student chooses, explains and justifies an appropriate method to tackle the research question /4
( /8 Points) The student demonstrates the ability to select and present suitable data for the analysis /4
Analysis / Extensive Analysis and Arguments supported by facts, empirical examples and up-to-date data /6
Discussion Wide use and synthesis of sources and references to support key arguments directly addressing the /6
research question
Application of conceptual and theoretical frame-works /6
( /24 Points) Critical and dialectic (thesis/antithesis/synthesis) evaluation of strengths and weaknesses of core /6
assumptions and arguments of other authors in non-prejudicial and open-minded manner
Structure The paper is structured in a coherent and logical way – with clear subsections – supporting the /5
clarity of the argument and analysis
( /10 Points) A coherent line of argumentation, linking theories and empirical examples back to answering the /5
main research question.
Originality of The paper highlights a level of deep reflection about the topic, leading to arguments and ideas that /10
Thought go “beyond the obvious”.
( /10 Points)
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Criterion Description Points Comments (or directly in paper)
Conclusions Stating in clear and succinct manner the result of the analysis and main answer to the research /4
question
( /10 points) Critical, open-minded and non-defensive evaluation the validity of the student’s own arguments and /6
results to explore further avenues of research
TOTAL Final and Overall Comments: Total
Overall Comments and Final Grade (Letter grade and out of 100):
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APPENDIX – EXPLANATION OF POINT VALUES FOR EACH MARKER
Criterion/Marker Excellent / Very good (A/A-) Good / Average / Below Average (B+ to D) Fail (F)
Introduction and
Research Question / 2 1,5 - 1 0,5 – 0
Statement / Puzzle
(8 points) 2 points per
marker
Choice of Topic The author provides a clear and convincing explanation of the choice The author provides an explanation which is, No or very weak explanation
of topic and highlights its significance in societal terms however, not fully convincing provided
Context of Academic The author explains clearly and convincingly the wider academic The author explains in general terms how the No or very weak explanation
Debate context (wider topic) related to the research question and puzzle. Gaps individual paper relates to the wider academic provided
in the literature are briefly identified debate and touches on gaps
Clear Research Question / The author provides a clear and meaningful research question. The The author provides a research question, but it Poorly designed research question
Clear Research Statement research question is focused enough to enable an in-depth analysis and lacks clarity, conciseness or is not ambitious No research statement
is relevant and ambitious enough to allow for original and critical enough (self-evident research question). Muddled
engagement with empirical developments, theories and author debates. or unclear research statement
The author provides a research statement on how to tackle the
overarching research question. Sub-questions are used if research
question is too complex
Outline of Structure and The author provides a clear outline of the main argument and will how The author provides an outline of the main No or very weak outline
Main Argument she/he will structure the paper argument and an indication of the structure – but
lacks clarity
Literature Review 5 – 4,5 4 – 2,5 2–0
Analysis (20 points) 5
points per marker
Relevant arguments and The literature review identifies the relevant (i.e. to the chosen topic) The literature review identifies some relevant (i.e. No relevant literature is provided or
debates / academic context arguments and debates in the literature and places the student’s own to the chosen topic) arguments and some debates only weakly explored. Limited or
topic in the wider academic context in the literature. The student places his or her own no wider academic context provided
topic in an academic context – but this is not fully
explored
Compare, Contrast and The student compares, contrasts and synthesizes a wide range of key The student mentions some of the key authors No or very weak synthesis and/or
Synthesis authors and arguments in the literature review and arguments, but does not fully and actively comparing & contrasting or
synthesize the material or compares and contrasts arguments and authors
in a limited manner; or only does one of the two
Evaluation of The literature review evaluates strengths and weaknesses of the Some strengths and weaknesses of the literature No or very weak evaluation – gaps
Strengths/Weaknesses and literature and identifies the relevant gaps the student’s paper addresses are identified but the gap the student’s paper not explained or weakly explained
Gaps seeks to address is not fully clear
Choice of Based on the Literature Review, the student chooses a clearly and The student chooses a theoretical/conceptual No or irrelevant
theoretical/conceptual correctly defined and relevant theoretical/conceptual frame-work for framework, but it is not completely relevant theoretical/conceptual framework
framework the main analysis and/or not clearly and correctly defined chosen
Methods (8 points) – 4 - 3,5 3-2 1,5 – 0
4 points per marker
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Criterion/Marker Excellent / Very good (A/A-) Good / Average / Below Average (B+ to D) Fail (F)
Appropriate Method The student chooses, explains and clearly justifies an appropriate The student chooses a method, but it lacks proper No or irrelevant methods – no or
method to tackle the research question justification and is only partially relevant / or not weak explanation/justification
fully explained
Selection of suitable Data The student demonstrates the ability to select and present suitable data The student selects and presents some data, but No or poorly selected/presented
for the main analysis not always the most suitable data
Analysis/Discussion 6–5 4.5-3 2,5 – 0
(24 points) 6 points per
marker
Analytical arguments are illustrated with the help of clear and Arguments are occasionally supported by Arguments are mostly
Extensive Analysis and insightful empirical examples. The author frequently substantiates empirical examples. The author occasionally unsubstantiated claims, absence of
Arguments with empirical arguments with the help of up to date data. The arguments are substantiates arguments with the help of data data or empirical examples and
examples, data and facts presented in a succinct way so as to answer directly the overall research even though this data is outdated. Arguments are large passages that do not address
questions and sub-questions, ensuring a high level of relevance. not always linked back to the main research the research question, undermining
question the relevance of the main body.
Synthesis of wide range of Wide use and synthesis of sources and references to support key Occasional use and synthesis of sources and No or very weak synthesis of
sources arguments directly addressing the research question. The use of references to support some arguments – some but sources – arguments do not address
literature displays the author’s in-depth knowledge of the subject- not all arguments directly address the research the research question directly
matter. question (i.e. passages of irrelevant
analysis/discussion)
Application of Excellent and clear application of conceptual and theoretical frame- Some application of the frame-works to some No or very limited application of
theory/concepts works to the main analysis in the paper aspects of the analysis in the paper the theoretical framework
Evaluation of arguments Critical and dialectic (thesis/antithesis/synthesis) evaluation of Evaluation of strengths and weaknesses of some No or very limited evaluation of
strengths and weaknesses of core assumptions and arguments of other assumptions and arguments, but often counter- strength and weaknesses – highly
authors in non-prejudicial and open-minded manner (including the arguments are not presented or straw-man biased or selective line of
presentation of counter-arguments) arguments are provided. Some evidence of argumentation
selective argumentation
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Criterion/Marker Excellent / Very good (A/A-) Good / Average / Below Average (B+ to D) Fail (F)
beyond the obvious to arguments, ideas or combination of examples/data that go “beyond some arguments that go “beyond the obvious” obvious arguments
the obvious”
Formal Aspects (10
points)
Language and Spelling Correct use of language - correct spelling, grammar, and English Use of language with occasional flaws in Very flawed use of language with
expression (3 – 2.5) spelling, grammar and expression (2 – 1,5) many spelling and grammar
mistakes
(1-0)
Citation Correct and consistent use of citation method and correct bibliography Occasional mistakes in citation method and Recurring mistakes in citation and
(3 – 2.5) bibliography (2 – 1,5) bibliography (1 - 0)
Number of Academic Appropriate number of academic sources used (please check Acceptable number of sources Inadequate number of sources used
Sources progression document for your specific Major: Business Studies: at (3 – 2) (1,5 – 0)
least 12 sources; CMM: 20, IA: 10-15) (4 - 3,5)
Conclusion (10 points)
Results (4) The student states in clear and succinct manner the result of the General conclusions are provided, but research Unclear conclusions / absence of
analysis and main answer to the research question. (4-3,5) question is not fully answered. (3 – 2) conclusions. Research question is
not answered
(1,5 - 0)
Evaluation of own Critical, open-minded and non-defensive evaluation the validity of the Some evaluation of the validity of own No or weak evaluation of own
arguments and further student’s own arguments and results to explore further avenues of arguments, but more critical engagement with arguments. No or weak outline of
avenues for research (6) research (6 – 5) own arguments and further avenues for research further research avenues
not fully developed (4,5 – 3) (2,5 – 0)
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