Course Code	Course Name	International Trade (Sino-U.S.Trade)
General Information	Lecturer: CHENG Ming (chengming6293@yahoo.com.cn.) Credit Points: 4 Total Hours: 45hrs Mode of Presentation: Lecturers and Tutorials Class Times: to be settled Course Classification: Optional Students: Sino-U.S. project students Prerequisite: Economics Course Text: International Economics – Theory and Policy, 5th edition Paul R. Krugman/Maurice Obstfeld Addison Wesley Longman, Inc. Reference Book: ①Rethinking International Trade Paul R. Krugman Massachusetts Institute of Technology     ②International Trade, 2nd edition X.S. Yin Fudan University Press Examination Method: Group Presentation, 2hr written final exam/or individual end-of-term pape
Course Objectives	International Trade is a basic course for the students in international business. Its purpose is to help the students to get the knowledge of the basic trade theories and the relevant government policies. The subject is divided into two parts: it discusses the basic international trade theories first, and then the relevant government polices are dealt with. This course plays emphasis on the study of bilateral trade relations between China and the United States.
Course Assessment	Grading Policy: Class attendance: 10% Group Report: 20% Final Exam: 70%
Course Syllabus And Outlin	Chapter 1: Labor Productivity and Comparative Advantage: The Ricardian Model 1. The Concept of Comparative Advantage 2. One-factor Economy 3. Trade in a One-Factor World 4. Misconceptions about Comparative advantage 5. Empirical Evidence on the Ricardian Model Chapter 2: Specific Factors and Income Distribution 1. The Specific Factors Model 2. International Trade in the Specific Factors Model 3. Income Distribution and the Gains from Trade 4. The Political Economy of Trade: A Preliminary Review Chapter 3: Resources and Trade: The Heckscher-Ohlin Model 1. A Model of a Two-Factor Economy 2. Effects of International Trade Between Two-Factor Economies 3. Empirical Evidence on the H-O Model Chapter 4: The Standard Trade Model 1. A Standard Model of Trading Economy 2. International Transfers of Income 3. Tariffs and Export Subsidies Chapter 5: Economies of Scale, Imperfect Competition, and International Trade 1. Economies of Scale and International Trade: A Overview 2. Economies of Scale and Market Structure 3. The Theory of Imperfect Competition 4. Monopolistic Competition and Trade 5. Dumping 6. The Theory of External Economies 7. External Economies and International Trade Chapter 6: International Factor Movements 1. International Labor Mobility 2. International Borrowing and Lending 3. Direct Investment and Multinational Firms 4. U.S. FDI in China Chapter 7: International Trade Policy 1. Basic Tariffs Analysis 2. Costs and Benefits of a Tariff 3. Other Instruments of Trade Policy 4. The Effects of Trade Policy: A Summary 5. Brief Introduction of Tariff and Nontariff Policies in China Chapter 8: The Political Economy of Trade Policy 1. The Case for Free Trade 2. National Welfare Arguments Against Free Trade 3. Income Distribution and Trade Policy 4. International Negotiations and Trade Policy Chapter 9: Globalization and World Trade Organization 1. Globalization and its Drivers 2. GATT and Trade Liberalization 3. WTO and China Chapter 10: Regional Economic Integration and Economic Cooperation 1. Basic Theories of Regional Economic Integration 2. Basic Forms of Regional Economic Integration 3. Development of Regional Economic Integration – NAFTA; EU 4. Regional Economic Integration and China – APEC; CAFTA Chapter 11: Hot Issues Prevailing on the Sino-U.S. Trade Relations 1. Market Accession – China’s Trade Surplus Issue 2. Financial Sector labialization in China 3. Enhancing the World’s Energy Safety 4. Environmental Protection and Sustainable Developmen
Note	Topics and relevant teaching hours of each Chapter may be subject to changes based on the background of different groups of students
Prepared by	Dept. of International Economics and Trade, College of International Business and Management, Shanghai University                                                 CHENG Ming June 3, 2007
Approved by	(Signature)                                                                          Date Month Year
Teacher	Chenming, Professor of the Dept. of International Economics and Trade, College of International Business and Management. She has a profound research on economy on both China and other country and is an expert of her field. In addition, she also has good experience on the education of international students and has participate some academic conference. She wrote some books and has been teaching in Shanghai University for years.