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Topics: International trade, International economics, Comparative advantage Pages: 21 (1360 words) Published: June 1, 2014
Kapitel 1
Einführung

International Trade

Ningbo University
BA International
Trade & Economy
Winter Semester 2013 / 2014

Dr. Thomas Schuster
Guest Professor

Useful Information
Office hour: After the lecture or at any other time upon
appointment
E-Mail: drth.schuster@web.de
Assistent

• Fu Suying
• fusuying@nbu.edu.cn
• Phone: 13566627298
Classes:

• Tuesday 8.00-9.35 a.m. every week
• Thursday 8.00-9.35 a.m. every even week

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-2

Useful Information
The course material will be published at
schuster.gnomio.com
• Go to the internet site schuster.gnomio.com
• Click on the course „NBU BA International Trade IS






First Term 2013“
You are asked to create a new account. Follow the
instructions
Click again on the course „NBU BA International Trade
IS First Term 2013“
Enter the enrolment key: NBU_BA_IT_IS_FT_2013
Now you should have access to the course material

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-3

Composition of Final Mark
Attendance 10%
Homework 10%
Participation in class 10%
Final exam 70%

• Duration 90 minutes
• Passed with 75%
Sitting the exam is only possible if student attended
more than two third of classes, e.g. at least 12 classes

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-4

Contents
1.
2.
3.
4.
5.
6.
7.

Size and Development of International Trade
Comparative Advantage: The Ricardo Model
The Standard Trade Model
Tariffs
Trade Policy in Developing Countries
Balance of Payments
Globalisation

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-5

Literature
Appleyard, Dennis / Field, Alfred / Cobb, Steven, International Economics, 7th edition, McGraw-Hill/Irwin 2009
Feenstra, Robert C. / Taylor, Alan M., International Economics: International Edition, 2nd Revised edition edition, Worth Publishers, 2011 Krugman, Paul R. / Obstfeld, Maurice, International Economics. Theory and Policy, 8th edition, Pearson Education Asia, 2011

• Especially chapters 1, 2, 3, 5, 8, 10, 11
• ISBN: 978-7-302-27165-9
Salvatore, Dominick, International Economics, 11th edition, New York: John Wiley 2013.
Sawyer, W. Charles / Sprinkle, Richard L., International Economics, 3rd edition, Prentice Hall 2008

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-6

Kapitel 1
Einführung
Chapter 1
Size and
Development of
International Trade

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-7

Chapter Overview
Preview of the Lecture
Main World Trade Figures
Main Trade Figures for China
The Gravity Model of Trade
Case Study: adidas Group

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-8

Preview
What is international economics about?
International trade topics

• Gains from trade, explaining patterns of trade, effects
of government policies on trade

International finance topics

• Balance of payments, exchange rate determination,
international policy coordination and capital markets

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-9

Leading Economies of Merchandise Trade, 2011

Source: WTO 2013
Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-10

Leading Economies in Commercial Services,
2011

Source: WTO 2013
Dr. Thomas Schuster

Ningbo University

1-11

Chinese Exports, Percentage Change to Previous
Year
30
% Change Exports yoy

20
10
0

-10

2007

2009

2011

2013

-20
Source: OECD 2013, 2013-2014 = Forecast

Dr. Thomas Schuster

Ningbo University

International Trade

WS 2013 / 2014

1-12

Chinese Imports, Percentage Change to Previous
Year
25
% Change...
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