Академический Документы
Профессиональный Документы
Культура Документы
LOYOLA SCHOOLS
COURSE SYLLABUS
Course Number: EC 122 A & B
Course Title: International Economics
Department: Economics
School: School of Social Sciences
Semester: 1st School Year: 2014-2015
Number of Units: 3
Faculty: Dr. Marissa Maricosa A. Paderon
Schedule & Venue: T-TH 12:00-1:30 pm, C-144 (EC 122 A)
T-TH 1:30-3:00 pm, C-144 (EC 122 B)
A. Course Description:
International Economics is an introduction to international trade theory/policy and open
economy macroeconomics. The trade theory portion provides a systematic treatment of traditional
comparative advantage theory and new trade theory based on economies of scale. The open economy
macroeconomics portion emphasizes the importance of foreign exchange market using the asset
approach to exchange rate determination as the basic framework.
Pre-requisites: EC 111 and EC 102
B. Learning Outcomes:
Upon completing the course, the student will be able to:
Content Outcomes 1) Compare and contrast the different international trade theories.
2) Explain the various instruments of trade policy and effects on various sectors in the economy.
3) Differentiate the various forms of economic integration; its trade creating- and trade-diverting
effects.
4) Identify the operations of foreign exchange market.
5) Compare and contrast price, income and capital adjustment policy measures and their implications
on the balance of payments.
6) Assess external sector issues and policy implications in the light of developing country
experiences.
7) Evaluate the Philippine tariff and trade policy.
Skills Outcomes 8) Extrapolate trade data from available websites and explain the case of Philippine patterns of trade;
9) Explain the impact of instruments of trade policy on the different sectors of the economy through
graphical analysis;
10) Construct a trade portfolio by integrating trade data and trade indicators gathered, processed and
interpreted from available websites on country members of a trading bloc.
Attitudes Outcomes11) Internalize the effects of trade policy instruments; and influence policy makers on how to maximize
gains and minimize costs for any trading arrangement through research.
C. Course Outline:
Week 1: June 17-19
I. INTRODUCTION
1.1. Definition
1.2. Scope and Relevance of International Economics
P. Krugman and M. Obstfeld, Ch. 1
Weeks 2- 3: June 24- July 3
II. INTERNATIONAL TRADE THEORY
2.1. Mercantilism
20%
20%
20%
20%
20%
**Group Report/Paper- The paper will account for 20% of the final grade.
The class will be divided into groups with 4 members each who will render an oral report on
certain topics on international economics that are of special significance. The reports will be
supplemented by formal lectures by the professor when necessary. The group will submit a written
report with a maximum length of 10 pages, single-spaced including all the acetates used in the
presentation and softcopy of report. The report should be submitted on the day of actual
presentation. Each group must give a one-page summary/outline of the report to the class on the day
of presentation.