ECON533-18B (HAM)

Topics in Trade and Development

15 Points

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Waikato Management School
Te Raupapa
School of Accounting, Finance and Economics

Staff

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Convenor(s)

John Gibson

John Gibson
4289
MSB.2.15
Thursday 1-2 pm
john.gibson@waikato.ac.nz

Sayeeda Bano

Sayeeda Bano
4931
MSB.2.21
Monday 2-3pm and by appointment
sayeeda.bano@waikato.ac.nz

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz

Placement Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5 or 9 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
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Paper Description

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This module consists of two parts. The first part analyses international trade theory, policy and evidence in the contemporary world environment. Topics covered include the evolution of international trade theory and trade policy, static and dynamic comparative advantage, intra-industry trade and new trade theories, regional economic integration, customs union, the theory of the second best and their implications on trade, investment and economic growth.

Readings and discussions will focus on theoretical and empirical work relating to: the various patterns of trade, income distribution; factor movements, immigration policy, trade and economic growth, trade policy instruments and their effects, political economy of trade, the role of WTO and the future of multilateral trade.

The second part applies economic analysis to current issues in development microeconomics, with a focus on poverty, inequality, social protection, and safety nets. There is a balance of empirical work and critical appraisals based on independent research.

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Paper Structure

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This paper is taught in a two hour block lecture. These lecture sessions include student presentations and discussions on selected topics.

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • International Trade: Theory and Policy (Learning Outcoomes 1 to 10 below)

    • Identify the nature and patterns of international trade in the contemporary world economy.

    • Develop expertise with various patterns of trade intensities used for the analysis of international trade theory and policy issues.

    • Recognise and explain advanced international trade theories, their applications and examine trade policy issues.

    • Examine traditional and new patterns of trade, theoretical development and current policy issues related to international trade, income distribution.

    • Demonstrate motivation and scholarly confidence in oral presentation.

    • Identify trade policy issues; the reasons for, the effects of, and the use of trade policies by nations;

    • Investigate the reasons for and implications of trade negotiations and evaluate the role of World Trade Organisation (WTO) in fostering (or hindering) open, freer and fair trade between nations;

    • Identify the main trade policy issues relating to developing countries and their implication to the world economy;

    • Identify various components of the globalisation process, their impacts on new patterns of trade and policy issues;

    • Investigate the reasons for and implications of proliferation of regional economic integration and evaluate the welfare impact on member and non-member countries.

    Linked to the following assessments:
  • Development (Learning Outcomes 11 and 12 below)
    • Critically assess the quality of data used to measure progress of developing countries
    • Critically assess popular policy interventions in developing countries
    Linked to the following assessments:
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Assessment

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Ensure that you review due dates and submission methods carefully to ensure that all work is submitted accurately.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Presentation
25 Jul 2018
2:00 PM
15
  • In Class: In Lecture
2. Assignment
8 Aug 2018
5:00 PM
15
  • Online: Submit through Moodle
3. Research Paper
17 Aug 2018
5:00 PM
20
  • Online: Submit through Moodle
4. Empirical project and critical appraisal of poverty & inequality data
14 Sep 2018
5:00 PM
25
  • Online: Submit through Moodle
5. Empirical project and critical appraisal of social protection policies
24 Oct 2018
5:00 PM
25
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Refer to the Schedule to see the chapters relevant for this paper:

Robert Carbaugh (2017) International Economics, South-Western Cengage Learning

Yarbrough and Yarbrough (2011), The World Economy: Trade and Finance (7th Ed). Thomson South-West Publishers

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Recommended Readings

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Refer to the Schedule to see chapters that are relevant:

Robert C Feenstra and Alan M. Taylor (2017), International Trade. Worth Publishers. Macmillan Learning. New York.

Robert C Feenstra (2004), Advanced International Trade: Theory and Evidence, The Princeton University Press.
R.E. Caves, J.A. Frankel and R.W. Jones, (2007), World Trade and Payments, 8th ed. Harper Collins.
J. Williamson and C. Milner (1991), The World Economy, New York, New York University Press.

Selected Readings

Carbaugh, R, (2017), International Economics. 15th Edition. CENGAGE Learning
Stiglitz J. E (2002), Globalization and its Discontents, W.W. Norton & Company
Khor, M (2001) Re-Thinking Globalization: Critical Issues and Policy Choices, Publishers, Zed Books New York & London
Lloyd P and H-H Lee (2002) (Edts), Frontiers of Research in Intra-Industry Trade, Palgarve, Macmillan
Bano, S. (1991), Intra-Industry International Trade, The Canadian Experience, Avebury,
Yarbrough B.V. and Yarbrough R.M. (2011), The World Economy: Trade and Finance Harcourt College Publishers
Pugel, Thomas (2012), International Economics, 15th edition Irwin, McGraw Hill
Berg Hendrik Van Den (2004) International Economics
Appleyard and Field (2011), International Economics, McGraw Hill, New York 4th ed
Takayama, A (1972), International Trade, An Approach to the Theory, Holt, Rinehart and Winston, 1972.
Bano (2002), Intra-Industry International Trade and Trade Intensities: Evidence from New Zealand. Working Paper 5/02, Department of Economics, University of Waikato, Hamilton, New Zealand.
Bano, S. and P. Lane (1995), "The Significance of Intra- Industry Trade as a Cause and Consequence of Global Environment: New Zealand and her European, Pacific, and Asian Partners''. Journal of International Business. Gabler: Special issue 1/95, pp. 133-149.
Grubel, H.G. & P.J. Lloyd (1975) Intra-Industry Trade: The Theory and Measurement of International Trade in Differentiated Products.
Garnaut R Drysdale (1994), Asia Pacific Regionalism: Readings in International Economic Relations. Harper Collins Publishers.

Bano, Sayeeda and Paswan. Nawal K (2016) “New Zealand-India Trade Relations and Growth Potentials: An Empirical Analysis. India Quarterly.Vol. 72 (1). PP,50-74. Indian Council of world Affairs. SAGE Publications. February 2016.

Bano, Sayeeda (2015), “The Role of New Zealand in Regional Integration”. Foreign Policy Research Centre (FPRC) Journal. Vol 23. Issue 3. PP 132-154.Foreign Policy Research Centre. New Delhi. India.December 2015.

Bano, Sayeeda and Scrimgeour Frank, (2015). "Bilateral Trade between New Zealand and India: Patterns and Prospects". Foreign Policy Research Centre. (FPRC) Journal.Vol 23. Issue 3. PP. 132-154.Foreign Policy Research Centre. New Delhi. India.December 2015.

Bano, Sayeeda and Tabbada, Jose (2015), “Foreign Direct Investment Outflows: Asian Countries” Journal of Economic Integration. Vol 30. No.2. PP 359-398. June 2015.

Bano, Sayeeda (2014), “Trade Relations between New Zealand and China: An Empirical Analysis in the Context of a Free Trade Agreement. Published in: Review of Economics and Finance.Vol.4. PP 75-92, November 2014.

Bano, Sayeeda, Takahashi Yoshiaki and Scrimgeour Frank(2013), “ASEAN-New Zealand Trade Relations and Trade Potential: Evidence and Analysis”.Published in: Journal of Economic Integration,Vol.28 No.1 pp-144-182, March 2013.

Students may be advised of other selected readings in class.

The Journal of Economic Literature publishes an index of current articles and new books. Refer to Category F: international Economics, especially:

F0: General

F3: International Finance

F4: Macroeconomic Aspects of International Trade and Finance

HB1.J821

Journals and Periodicals

The Economist, (HG11.E17) a weekly magazine published in London, is an excellent source of information. The latest edition is on display with other new periodicals in the Serials department on Tuesdays or Wednesdays.

Library Catalogue: * Oxford Review and Economic Policy
* OECD Economic Studies
* Journal of Comparative Economics
* Journal of Economic Policy
* Journal of Economic Perspectives
* Brookings Papers or Economic Activity

Journal Publications:
Below is a list of journals which are dedicated to the publication of international statistics. They provide up to date data and may be useful for essay/research work as well as background reading:

Title of JournalCall Number (on Level 1)

Balance of Payments Statistics Yearbook

HF1014.B171

Direction of Trade Statistics (IMF)

HF1014.D597

Human Development Report

HD75.6.H918

International Financial Statistics(IMF)

HG3881.I61

OECD Economic Studies (monthly)

HCd10.028

OECD Economic Outlook

HC240.A1068

OECD Economic Surveys (biannual country studies)

See Online Catalogue

World Development Report

HC59.7.W927

World Economic Outlook

HD82.I584

New Zealand Journal of Asian Studies

UN Statistical Yearbook

World Trade Organization (WTO) Annual Reports

The Journal of Economic Literature publishes an index of current articles and new books. Refer to Category F: international Economics, especially:

UNCTAD Trade Analysis and Information System (TRAINS): http://www.unctad.org/trains/index.htm

Articles
Additional list of readings/articles will be provided in class for selected topics.

Paper Resources:
'My Web' is a one-stop website for access to materials and grades for papers you are enrolled in, WMS databases and more. It can be accessed from www.mngt.waikato.ac.nz/myweb. Enter your username and password, and a page of useful, personalised links will appear.

Data and Information Sources on Trade and Trade Policies

World Bank's World Development Indicators (WDI).Waikato University has a subscription to this WDI available through Library Catalogue.

Other crossnational data).KSG network users: http://www.ksg.harvard.edu/library/index.htm

United Nations COMTRADE data base

http://e-research.lib.harvard.edu

UNCTAD Trade Analysis and Information System (TRAINS): http://www.unctad.org/trains/index.htm

Bank of New Zealand http://www.bnz.co.nz

National Bank of New Zealand http://www.nbnz.co.nz

Westpac Trust http://www.westpac.co.nz

Ministry of Foreign Affairs and Trade (MFAT) Publications http://www.mft.govt.nz/

Other Resources:
There are no other readings recorded for this paper
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Online Support

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This paper uses resources found on MyWeb and in the University Library. Relevant links will also be provided during lectures or on this paper outline. Should you need any additional support for this paper please contact the department administrator.
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Workload

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This paper has 2 class contact hours per week. Students are expected to study additionally a minimum of 6 hours per week in preparation for lectures, presentations, literature review, assignments, research paper and test. The expected overall workload for this 15 point paper is 150 hours.
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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: At least 40 points at 200 level or above in Economics

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ECON530, ECON531

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