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Commercial policies - Course syllabus

Outline by Amir Bakir, University of Jordan, Department of Economics, 2004

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The course analyzes trade policy tools in both perfect and imperfect competition. Trade restrictions are common in the world, so micro and macro-economics' trade tools are used to study the effects of these restrictions on the different countries of the world. Economic integrations (regionalism), world trade organization, and trade strategies for developing countries are among the topics of interest in this course.

Commercial Policies

Course Syllabus


Professor: Talib M. Awad

Phone Number: 8355000 ext.3378

E-mail: t.awad@uj.edu.jo

Office: Department of economics (Building B), Faculty of Humanities and Social

Sciences, The University of Jordan.

Office Hours: SMTWR 10:00 - 11:00am, & by appointment



COURSE DESCRIPTION:

This course of commercial policies (1707332)will analyze trade policy tools in both perfect and imperfect competition. Trade restrictions are common in the world, so micro and macro-economics’ trade tools are used to study the effects of these restrictions on the different countries of the world. Economic integrations (regionalism), world trade organization, and trade strategies for developing countries are among the topics of interest in this course.



Course Objectives

To introduce students to international economic concepts and ideas.

To develop the ability to reason accurately and objectively about

international economic issues.

To aid students in judging what kinds of decisions, policies, and behavior are

sensible from an international perspective.

To enable students understand the welfare impacts of various commercial policies.


Intended Learning Outcomes

Successful completion of this course should lead to the following learning outcomes:

a- Knowledge and understanding:


A1) Understand basic concepts commercial policies.

A2) Demonstrate a knowledge of different commercial policies concepts

A3) Describe and understand the role of GATT and WTO in world trade and

policy

A4) Understand the meaning of different types of economic integration.


b- Intellectual skills:

B1) Prepare and present reports using critical thinking, trade data, and Different policy alternatives.

B2) Explain the effects and mechanisms of the commercial policies

B3) Develop skills of comparative analysis of various policy tools used both by small and large countries.

B4) The ability to relate international policy developments to domestic economy

B5) The ability to use computers and internet to access basic international institutions that are related to trade and policy.



c- Subject specific skills:

C1) Apply commercial policy analysis to real small and large economies

C2) Employ economic models to assess the various effects of commercial

policies

C3) Assess the effectiveness of past and present international trade

institutions in relation to global trade, finance, and investments

C4) Develop skills of evaluating the losses and gains of commercial policies

and economic integration agreements.

C5) Develop the skills required to relate domestic economy equilibrium/disequilibrium to domestic and foreign trade policies.


d- Transferable skills:

D1) Gather data for basic economic research from various sources, including the computer and other forms of electronic media, such as the Internet.

D2) Acquire English language command of commercial policy concepts and definitions.

D3) Acquire positive attitude of nonzero sum game.

Teaching Methods

Duration: 16 weeks, 48 hours in total

Lectures: 28 hours, 3 per week (including two 1-hour midterm exams)

Case study: 8 hours

Tutorials: 6 hours

Applications: 6 hours

Laboratory: -

Teaching Methods

Methods

Lectures

Case study

Tutorials

Laboratory

Applications

Objectives learning outcomes

A1 A2 A3 A4

B1 B2 B3 B4

C1 C2 C3 C5

D1 D2 D3

A3 A4

B1 B4 B5

C1 C2 C4 C5

D1 D3

A3 A4

B1 B5

C1 C4

D1

-

A4

B1 B2 B3 B4 B5

C1 C2 C4 C5

D1

assessments

Exams +

Assignments

Exams +

Assignments

Project +

presentation

Project +

Assignments

Exams +

Assignments


COURSEBOOKS:

  1. Enders W., and H. Lapan. International Economics, Prentice Hall Inc., NJ, 1987.

  2. Paul R. Krugman and Maurice Obstfeld, International Economics: Theory and

Policy, Sixth Edition. Boston: Addison-Wesley, 2003.

  1. Talib Awad, International Trade: Theory and Policy, The University of Jordan, Amman, 1995.




COURSE OUTLINE:

Unit 1: The Instruments of Trade Policy (8 Hrs)

Analysis of international trade policies (The case of small country)

Unit 2: The Instruments of Trade Policy (6 Hrs)

Analysis of international trade policies (The case of small country)

Exam #1


Unit 3: Economic arguments of Trade Policy (8 Hrs)

Unit 4: Economic integration, Regionalism and Preferential Trading Arrangements

(8 Hrs)

Exam #2


Unit 5: GATT and The World Trade Organization (8 Hrs)

Unit 6: Trade Policy in Developing Countries (6 Hrs)

Unit 7: Jordanian Commercial Policies (4)

Exam #3 (Final): Cover all units with higher weights given to units not

covered in the previous exams.


POLICY

UJ Policies regarding class attendance, course pre-requisites, academic honesty, drop-add, grading, incompletes, and final exams will be observed as stated in the University of Jordan. You are responsible for all material discussed in class and assigned in the textbook. Missing class is strongly discouraged. Your professor is far less sympathetic to those who miss class regularly. If you miss class, you are responsible to get the notes from a classmate.


Communication & Interaction: You may contact me at my office during office hours at economic department (building B), leave a message at the department secretary office, or arrange for specific appointment. Please do not call me at home.


Exams: In addition to final exam, there are two exams, each worth 20% of your grade. In addition, 10 points will be allocated for homework, class interaction and attendance. The exams may be fully or partially of multiple choice questions. There are no make-up exams without proper and certified excuse. I hold the right to move students and/or sign the answer sheet during an exam, if I suspect you or your neighbor of academic dishonesty. Final Exam worth 50% of your grade. You must take the final exam for this course during the time stated in the Final Exam Schedule, which will be announced in advance. If you have three final exams officially to be taken on one day, you

must speak to me one week in advance, so that a solution is reached. No other

times will be offered to take the final exam.

Final Term Grade Calculation: Your performance in this class will be determined by your performance on the exams. Your final grade will be calculated by adding the points you have received, and then translated into letter grade according to a selected scale suitable to the average performance of the class.


Academic Misconduct: Any type of academic misconduct will result in (F). By

enrolling in this course, you agree with the UJ Policy on Academic Misconduct.


SUCCESSFUL STUDENT STRATEGIES:

1. Has excellent attendance.

2. Reads text before class.

3. Asks questions, when material is unclear.

4. Reviews notes, graphs and text after class.

5. Studies in advance of the next exam

6. Work text examples and exercises.

7. Learn from the experience of past exams.


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