IDEC8009 Trade, Development and the Asia Pacific Economy

Offered By	International and Development Economics Program
Academic Career	Graduate Coursework
Course Subject	International and Developmental Economics
Offered in	Winter Session, 2010 and Spring Session, 2011
Unit Value	6 units
Course Description	This course provides necessary inputs to understand the economics of international trade, industrialization and globalization mainly from the policy perspective of developing countries in the Asia Pacific region. It is more of a policy-analysis course than a pure theoretical course. Drawing on the most relevant theories, the first part of this course will answer important development questions of "How do some countries grow faster than others? What is the role of international trade in the growth process of a country? Why do governments in developing countries follow the so called restrictive trade policies? How is industrialization linked with trade? Has globalization contributed to reduction in poverty across developing countries?" The second part of the course will discuss in details some of the important analytical methodologies that are followed in the literature to answer the above questions empirically. Students' participation in class discussions is encouraged.
Learning Outcomes	After completing the course, you will be able to : Understand how trade patterns are established by a combination of supply-side and demand-side factors. Understand the effects of tariffs and subsidies on trade patterns and the welfare of trading nations. Explain how international negotiations and agreements have promoted world trade. Identify and measure the sources of economic growth using conventional and advanced methods with particular reference to the Asian countries.
Indicative Assessment	Final Examination 100%
Workload	Contact hours: 6 Hrs/week Students' preparations: 3 Hrs/week
Course Classification(s)	AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation.
Areas of Interest	Economics
Assumed Knowledge and Required Skills	Basic knowledge of principles of economics, such as consumers' surplus, producers' surplus, monopoly pricing is helpful.
Corequisites	Pre/Corequisites: The course does not presuppose an extensive background in economics.
Recommended Courses	Basic course in principles of economics
Prescribed Texts	P. Krugman and M. Obstfeld, International Economics: Theory and Policy, 8^th Edition, Pearson International Edition, 2008. K.P. Kalirajan and S. Bhide, A Disequilibrium Macroeconometric Model for India, Aldershot, U.K.: Ashgate, 2003.
Indicative Reading List	Gaofeng Han, Kaliappa Kalirajan, and Nirvikar Singh, "Productivity and Economic Growth in East Asia: Innovation, Efficiency, and Accumulation", Japan and the World Economy, 14:401-424, 2002. K.P. Kalirajan and S. Bhide, "The Post-reform Performance of the Manufacturing Sector in India", Asian Economic Papers, 3(2):126-157, 2004. Chia-Hung Sun and Kaliappa Kalirajan, "Gauging the Sources of Growth of High-tech and Low-tech Industries: The Case of Korean Manufacturing", Australian Economic Papers, June 2005. Kaliappa Kalirajan, "Regional Cooperation and Bilateral Trade Flows: An Empirical Measurement of Resistance", The International Trade Journal, XXI(2), Summer 2007. Kaliappa Kalirajan and Kanhaiya Singh, "A Comparative Analysis of China's and India's Recent Export Performances", Asian Economic Papers, 7(1): 1-28, 2008.
Programs	Graduate Certificate in Management, Master of Business Administration, Master of Management, Master of International and Development Economics, and Master of Public Policy
Other Information	Delivery Mode: On Campus. Semester II intensive. Important concepts and their applications in Trade and Development rather than theoretical formalism are taught. Lecture notes in the form of power point presentations are given. Study brick is available for students.
Academic Contact	Professor Kaliappa Kalirajan

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