EC315 Guide to International Trade has 116 pages and is an essential guide to this course.
This guide will help you with certain topics in EC315 International Trade where Dr. Swati will not cover them in depth but she did include them in her mock and real exams. For example, when you look at your mock exam in your course pack , you may come across cc pp curve instead of zz curve, standard trade model , general equilibrium model and questions related to tariff/import demand calculation which have been asked in the past paper and you will not find them in her lecture notes. Furthermore, one of the most important topic I have included in this guide is Preferential trading(chapter 10) . This topic was not included in her slides but they appeared in 2015 past paper and mock exams.
This guide contains all of what you need and you do not really need to buy the textbook but you have to use it in conjunction with her slides. This guide includes additional practise questions with solutions and some optional topics such as chapter 9,11 and Edgeworth box.
International Macroeconomics: This section of the course offers an introduction to international macroeconomic theory and develops the main tools for macroeconomic policy analysis. We start by studying the balance of payments and the causes and consequences of global imbalances, followed by an in-depth study of the determination of exchange rates, money, and prices in open economies. We discuss the costs and benefits of different nominal exchange rate regimes and their sustainability, as well as examine the causes and consequences of debt and default, speculative attacks and financial crises.
International Trade: This section of the course offers an introduction to international trade theory and develops the main tools for trade policy analysis. We start by studying the patterns of trade distinguishing between inter-industry and intra-industry trade flows. We then proceed to an in-depth analysis of the causes and the effects of those flows based on the concepts of absolute and comparative advantage, relative factor abundance and relative factor intensity, increasing returns to scale and imperfect competition. Finally we discuss the gains and losses from trade, their distribution among people and firms, and their implications for the debate on trade liberalization vs. protectionism .