International Trade TheoryFall 1999Hsin Chang Lu
E-mail: hclu@ccms.ntu.edu.tw
In this course, students will be exposed to the lasting debate of managed trade from various viewpoints. This is meant to help would-be managers understand the international economic context in which they operate. The traditional theory of international trade will be introduced first and served as a base to assess the effect of policy interventions, the recent development of trade theory and international trade agreements. We will discuss theory and policy in the light of world events and evaluate many of the developments in the world trading area, including the GATT/WTO, NAFTA, ASEAN and its possible expansion, the EC, US-Japan relations as well as cross-straight trade flow. Texts:Required:Meier, Gerald M.1998. The International Environment of Business. Oxford University Press. New York Oxford.Recommended:Krugman and Obstfeld. 1997. International Economics, Theory and Policy, Harper Collins, 3rd edition.Vernon, Wells and Rangan. 1997. The Manager in the International Economy, Prentice Hall Inc., 7th Edition.The class requirement includes regular participation(15%), class responses(10%), a group term paper(25%) and a final examination(50%). You have to stay in a study group(up to 5 members) throughout the semester. The papers are to be 10 pages long and students are expected to take knowledge acquired in the class and apply it to the problem chosen; you must decide which models of trade are relevant and use them to answer the question posed. The composition of any study group has to be a balanced mix of ability, sex and enthusiasm