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International Economics
Basic Information

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Contact
•Martin Slanicay
–slanicay@mail.muni.cz
–office hours: Tuesday 16:30 - 18:00, office 521
–if you want to consult something, always write me an e-mail
–it is possible to arrange a consultation beyond the office hours
•

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Literature
•Basic textbook:
–KRUGMAN, Paul R., Maurice OBSTFELD a Marc J. MELITZ. International Economics: Theory and Policy.
Tenth edition. Boston: Pearson, 2015.
•The course is based entirely on this textbook
–lectures, slides, testbank
•Textbook is in the library in many copies.
–Older editions differ slighly from the newest one (in 3 chapters), however, it is basically
possible to use them for study.
–I will always mention in the lectures when there is a difference between textbook editions.
•

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Conditions for Passing the Course
•Exam test
–consists of 30 questions with maximum 30 points.
•Grading scale
–A: 30-27
–B: 26-25
–C: 24-23
–D: 22-21
–E: 20-18
–F: less than 18 points
•

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Lecture Contents
•International Trade Theory
1.World Trade: An Overview
2.Labor Productivity and Comparative Advantage: The Ricardian Model
3.Specific Factors and Income Distribution
4.Resources and Trade: The Heckscher-Ohlin Model
5.The Standard Trade Model
6.External Economies of Scale and the International Location of Production
7.Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
•
•

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Lecture Contents
•International Trade Policy
8.The Instruments of Trade Policy
9.The Political Economy of Trade Policy
10.Trade Policy in Developing Countries
11.Controversies in Trade Policy

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Lecture Contents
•Exchange Rates and Open-Economy Macroeconomics
12.Exchange Rates and the Foreign Exchange Market: An Asset Approach
13.Money, Interest Rates, and Exchange Rates
14.Price Levels and the Exchange Rate in the Long Run
15.Output and the Exchange Rate in the Short Run
•