BBA 4653, International Trade Course Syllabus. Course Description. Course Textbook. Course Learning Objectives. Credits.

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1 Course Syllabus Course Description Provides a solid background of the key factors that influence international trade and the manner in which economic policy affects both trade flows and the nature of economic activity. Relationships between trade and growth, effects of labor and capital movements between countries, and the key factors that influence relative costs between countries are also examined. Course Textbook Pugel, T.A. (2009). International economics (14th ed.). New York, NY: McGraw-Hill. Course Learning Objectives Upon completion of this course, students should be able to: 1. Examine why countries trade. 2. Discuss how trade affects production and consumption. 3. Define absolute advantage. 4. Describe production possibility curves. 5. Describe how increasing marginal costs affect trade. 6. Describe how each country that engages in trade is at least as well off with free trade as it would be with no trade. 7. Explain how trade allows a country to consume beyond its ability to produce. 8. Describe the Heckscher-Ohlin Theory. 9. Define the concept of comparative advantage. 10. Analyze how importation of goods will raise consumption and lower production in the importing country. 11. Discuss how the Stopler-Samuelson theory explains gains from trade. 12. Examine the process of intra-industry trade. 13. Compare balanced economic growth and biased economic growth. 14. Describe the Rybczynski theorem. 15. Distinguish tariffs and other import restrictions. 16. Compare the infant industry and national defense arguments. 17. Compare the effects of trade creation and trade diversion. 18. Examine how firm-specific advantages can overcome inherent disadvantages of international trade. 19. Discuss the Montreal Protocol and its effect on the environment. 20. Describe how international cartels can control international trade. Credits Upon completion of this course, the students will earn three (3) hours of college credit. Course Structure 1. Unit Learning Objectives: Each unit contains Unit Learning Objectives that specify the measurable skills and knowledge students should gain upon completion of the unit. 2. Written Lectures: Each unit contains a Written Lecture, which discusses lesson material. 3. Reading Assignments: Each unit contains Reading Assignments from one or more chapters from the textbook. Supplemental Readings are provided in Unit Study Guides I, II, and V to aid students in their course of study. BBA 4653, International Trade 1

2 4. Learning Activities (Non-Graded): These non-graded Learning Activities are provided to aid students in their course of study. 5. Key Terms: Key Terms are intended to guide students in their course of study. Students should pay particular attention to Key Terms as they represent important concepts within the unit material and reading. 6. Discussion Boards: Discussion Boards are a part of all CSU term courses. Information and specifications regarding these assignments are provided in the Academic Policies listed in the Course Menu bar. 7. Unit Assessments: This course contains eight Unit Assessments, one to be completed at the end of each unit. Assessments are composed of multiple-choice questions and written response questions. 8. Ask the Professor: This communication forum provides you with an opportunity to ask your professor general or course content related questions. 9. Student Break Room: This communication forum allows for casual conversation with your classmates. APA Guidelines CSU requires that students use the APA style for papers and projects. Therefore, the APA rules for formatting, quoting, paraphrasing, citing, and listing of sources are to be followed. A document titled APA Guidelines Summary is available for you to download from the APA Guide Link, found in the Learning Resources area of the mycsu Student Portal. It may also be accessed from the Student Resources link on the Course Menu. This document provides links to several internet sites that provide comprehensive information on APA formatting, including examples and sample papers. Communication Forums These are non-graded discussion forums that allow you to communicate with your professor and other students. Participation in these discussion forums is encouraged, but not required. You can access these forums with the buttons in the Course Menu. Instructions for subscribing/unsubscribing to these forums are provided below. Click here for instructions on how to subscribe/unsubscribe and post to the Communication Forums. Ask the Professor This communication forum provides you with an opportunity to ask your professor general or course content questions. Questions may focus on Blackboard locations of online course components, textbook or course content elaboration, additional guidance on assessment requirements, or general advice from other students. Questions that are specific in nature, such as inquiries regarding assessment/assignment grades or personal accommodation requests, are NOT to be posted on this forum. If you have questions, comments, or concerns of a nonpublic nature, please feel free to your professor. Responses to your post will be addressed or ed by the professor within 48 hours. Before posting, please ensure that you have read all relevant course documentation, including the syllabus, assessment/assignment instructions, faculty feedback, and other important information. Student Break Room This communication forum allows for casual conversation with your classmates. Communication on this forum should always maintain a standard of appropriateness and respect for your fellow classmates. This forum should NOT be used to share assessment answers. Grading Discussion Board 2%) = 16% Unit Assessments 10.5%) = 84% Total =100% BBA 4653, International Trade 2

3 Course Schedule/Checklist (PLEASE PRINT) The following pages contain a printable Course Schedule to assist you through this course. By following this schedule, you will be assured that you will complete the course within the time allotted. BBA 4653, International Trade 3

4 Course Schedule By following this schedule, you will be assured that you will complete the course within the time allotted. Please keep this schedule for reference as you progress through your course. Unit I The Basics of International Trade Chapter 2: The Basic Theory Using Demand and Supply Chapter 3: Why Everybody Trades: Comparative Advantage Supplemental Reading: See Study Guide Unit II Factor Availability and International Trade Chapter 4: Trade: Factor Availability and Factor Proportions are Key Supplemental Reading: See Study Guide Unit III Effects of Trade and Effects on Trade Chapter 5: Who Gains and Who Loses from Trade Chapter 6: Scale Economies, Imperfect Competition, and Trade BBA 4653, International Trade 4

5 Course Schedule Unit IV Growth and Trade Chapter 7: Growth and Trade Unit V Barriers to Trade Chapter 8: Analysis of a Tariff Chapter 9: Nontariff Barriers to Imports Supplemental Reading: See Study Guide Unit VI Protectionism and Encouraging Trade Chapter 10: Arguments for and against Protection Chapter 11: Pushing Exports BBA 4653, International Trade 5

6 Course Schedule Unit VII Controlling International Trade Chapter 12: Trade Blocs and Trade Blocks Chapter 15: Multinationals and Migration: International Factor Movements Unit VIII Far-Reaching Effects of Trade Chapter 13: Trade and the Environment Chapter 14: Trade Policies for Developing Countries BBA 4653, International Trade 6