International Economics (AE-411)

UNIVERSITY OF SARGODHA

DEPARTMENT OF AGRICULTURAL ECONOMICS

COURSE OUTLINE Fall 2020-21

Course Title: INTERNATIONAL ECONOMICS

Course Code: AE – 411

Credit Hours: 3(3 – 0)

Instructor: Hanzala Zulfiqar

Email: [email protected]

DESCRIPTION & OBJECTIVES

After qualifying the course, the students will be able to understand the theories and dimensions of international economics, and applications in the real world.

READINGS

Text Books:

Salvatore, D. 2000. International Economics (6th Edition). Prentice Hall International
Appleyard, R.D. 2006. International Economics: Trade, Theory and Policy. 3rd Edition. Richard D. Irwin. Inc. Illinois

Books Recommended:

Appleyard, R.D., Field, A.J. and Cobb, S. 2009. International Economics: Seventh Edition, McGraw-Hill/Irwin
Krugmen, P.R. & Obstfeld, m. 1998. Internnational economy: Theory and Policy. Addison-Wesley Longman, Inc. New York.
Kindleberger, C.P. International Economics. Attest Edition. Richard D. Irwin, Inc. Homewood, Illinois
Henink, D.M. The International Economy, John Wiley & Sons, Inc. New York 1994

CONTENTS

Introduction, Concept of International Economics and Trade. Market Integration and Challenges; Trade Theories, Free Trade versus Protectionism, tariff and non-tariff trade barriers, Approaches to the Measurement of Protection, distortion and comparative advantage, the effects of exchange rates on the agricultural and food sectors, commodity and price instability and terms of trade, international commodity agreements. Balance of Payments, International Migration and remittances

COURSE SCHEDULE

Week	Topics and Readings
1.	Introduction to International Economics and Globalization. International Trade and the Nations’ Standards of Living. Book: Salvatore, D. 2000. International Economics (11th Edition). Page 1-8
2.	The International Flow of Goods, Services, Labor and Capital. Gravity Model and its Explanation, Purpose of International Economics Theories and Policies and Challenges Book: Salvatore, D. 2000. International Economics (11th Edition). Page 9-15
3.	Introduction to International Trade Theory, The Mercantilists Views on Trade. Trade Based on Absolute Advantage: Adam Smith Book: Salvatore, D. 2000. International Economics (11th Edition). Page 31-36
4.	Trade Based on Comparative Advantage: David Ricardo. The Basis for and the gains from Trade under Constant Costs Book: Salvatore, D. 2000. International Economics (11th Edition). Page 36-46
5.	Factor Endowments Book: Salvatore, D. 2000. International Economics (11th Edition). Page 109-117
6.	Hecksher-Ohlin Trade Model Book: Salvatore, D. 2000. International Economics (11th Edition). Page 118-112
7.	Trade Restrictions and Tariffs Book: Salvatore, D. 2000. International Economics (11th Edition). Page 221-240
8.	International factors Movements Book: Salvatore, D. 2000. International Economics (11th Edition). Page 367-387
9.	Demand and Supply, Offer Curves and Terms of Trade Book: Salvatore, D. 2000. International Economics (11th Edition). Page 85-96
10.	Theory of Protection and Non-Tariff Barriers to free trade Book: Salvatore, D. 2000. International Economics (11th Edition). Page 270-288
11.	Tariffs Book: Salvatore, D. 2000. International Economics (11th Edition). Page 221-240
12.	International Trade and Economic Development Book: Salvatore, D. 2000. International Economics (11th Edition). Page 331-355
13.	Economic Growth and International Trade Book: Salvatore, D. 2000. International Economics (11th Edition). Page 180-208
14.	Economic Integration Book: Salvatore, D. 2000. International Economics (11th Edition). Page 301-319
15.	Basic Theories of Balance of Payment Book: Salvatore, D. 2000. International Economics (11th Edition). Page 397-455
16.	Exchange Rate Theories Book: Salvatore, D. 2000. International Economics (6th Edition). Page 267-272