|Course Title||International Economic Relations|
|Institution||University of World Economy and Diplomacy|
Aim of the course.
To explain determinants and consequences of internal and external macroeconomic indicator changes upon the wealth of various economic groups and the nation as a whole, to acquire advanced skills of economic analysis, reasoning, and policy making advisering.
Objectives of the course are:
The course of International Economic relations is the course of specialization and built upon the background developed by basic courses such as MicroEconomics, Macroeconomics, Econometrics and so on.
This is the main Course for students whose major is Economics and specialization is International Economic Relations. The course is studied by undergraduate students for two terms. The first and the second terms of their fourth year of study.
Lectures go alone with seminars (time distribution is about 60% and 40% correspondingly), course schedule is designed so that paper-pencil tests are combined with computer based ones, some topics are assigned to be studied by students on independent basis with following presentation. Students will be required to submit a course paper by the end of the second part of the year.(The paper will be graded separately with the max of 100 points)
International Trade Theory
Absolute and comparative advantages. The Ricardian Trade Model
Factor Endowments and Heckscher-Ohlin Theorem
Increasing Returns to Scale and International Trade
The Gains from Trade
International Trade and the distribution of gains among Individuals
Economic Growth and International Trade.
International Trade of Uzbekistan
Trade Policy and its tools
Import tariff theory and its effect on wealth
Export tariffs and export subsidies
Import discrimination, Custom Unions
International cartels and optimal price
Trade policy and developing countries
Industrial policy in developed countries
Trade Policy of Uzbekistan
International commodity markets, markets of raw materials
International service markets
International Factor Mobility
International migration of labor
International capital migration
Direct foreign investments
Developing countries : external debt, stabilization,
Balance of Payments and Exchange Rates
National Income accounting and balance of payments, Macroeconomic Policy and Balance of Payments
Foreign exchange markets and exchange rate
Exchange rate and macroeconomic Policy
Macroeconomic Policy in an Open Economy
External and internal equilibrium
Macropolicy under fixed exchange rate regime
Macro-policy under flexible exchange rate regime
International Economic Relations and Transition Economies 1 lecture
Assessment of the course consists of the following:
28% - problem sets solution and seminars’ participation (each term)
2 interim computer tests (15% each) – each term
12% of your grade are assigned to different types of outclass activities, such as conference, Olympiad participation.
final computer test (30%) only in the 1-st term
by the end of the course you will have written exam (30%) and those points will be included into the total grade of the second term.
Lindert P.X. Economics of (1992) Russian Translation. Univers, Progress
Kireev A. International Economics (1997). Moscow, International Relations.
Krugman P. and Obstfiel M, International Economics: Theory and Evidence, 1997
Kholopov A. and Miklashevskaya N., International Economics, 2-d edition, 2000
R.E. Caves, J.A. Frankel,, R.W. Jones. World Trade and Payments: AN Introduction (6 Edition, 1993) HarperCollins College Publisher, New York
Avdokushin E.F. International Economic Relations (1997) Moscow, IVC.
Fomichev V.I. International Trade (2000(\), Moscow, Yurist
Calvo, Dornbush, Obstfeld Money, Capital Mobility & Trade
A.Rodseth Open Economy Macroeconomics
Sachs, LArrain Macroeconomics in the Global Economy
Appleyard D., Field A. International Economics. Trade Theory and Policy