Faculty of Liberal Arts Andprofessional Studies

Faculty of Liberal Arts Andprofessional Studies




International Trade:AP/ECON 3150(B)| Summer 2015

Term Dates:May 19 – June 29

Course Instructor: Yasin Janjua

Office:Atkinson Hall, RM# 738

Phone: 416-736-2100 ext. 33486



Class Lecture Time: MW (3:00 – 6:00 pm)@ TEL 0006

Office Hours:MW (1:30 – 2:30 pm)

Teaching Assistant:Name, Office, Hrs (TBA)


Required: AP/ECON 1000 3.00 and AP/ECON 1010 3.00 or equivalents

Course credit exclusions: GL/ECON 4290 6.00.

PRIOR TO FALL 2009 Course credit exclusions: AK/ECON 3570 3.00, AS/ECON 3150 3.00, GL/ECON 4290 6.00

Course Objectives

This course will familiarize students with micro-foundations of International Trade theory and practice; and macroeconomic implications of trade relations among open economies. It will help them to understand how, why and by whom international trade occurs. By the end of this course, it is expected that students will have a firm understanding of the economics of international trade.


This course consists of three lecture hours per week. This course is an introduction to International Trade for students who have taken Econ 1000 and Econ 1010 or equivalents. The contents of the course include comparative advantage, trade models, trade patterns, trade barriers and free trade versus protectionism, economic growth and development in the international economy, international institutions, foreign exchange markets and exchange rate theories.

Lecture notes, handouts, power point presentations, if any, will be made available online through Moodle course website, which will be updated regularly. It is advised that students must use their official York University email address for correspondence and visit Moodle course website on regular basis.

Required Course Material

Paul R. Krugman, Maurice Obstfeld, and Marc Melitz, International Trade: Theory and Policy, Pearson Addison-Wesley, 10th edition, 2015, ISBN-10: 0133423670, ISBN-13: 9780133423679.

Course Work

In order to perform well and secure good grades, consulting the textbook and studying other assigned course materials are vital to improve your understanding of the subject matter, concepts and theories. However, there is a world outside the textbook and it is important to learn how to apply your textbook knowledge to real world situations. Students are encouraged to ask questions relevant to course and initiate discussions.

Computer, Email, and Web Access

In order to solve homework assignments, you must have access to computer and internet. It is your responsibility to check your email. One can use undergraduate computer labs as and when required to access email account. These facilities are created for student use and no-access will not be considered an excuse for not completing the assignment.


The assessment of your results in the course will be based upon Assignments,one midterm exam, and a final exam. The contribution of each of these in the final grades will be as under:

S. No / Category / Weight
1. / Assignments / 15%
2. / Midterm Exam / 35%
3. / Final Exam / 50%

Assignments: Assignment will be posted and completed on Moodle.

Disclaimer: We expect you to use university computer labs. In case of problems in accessing computer lab or course websites you shall consult IT help on campus.

Topics to be Covered and Lecture Schedule

Week of / Topic / Assigned Readings
May 20 / Course Outline and Introduction / Chapter 1
May 25 / World Trade / Chapter 2
May27 / Labour Productivity / Chapter 3
June 01 / Specific Factors and Income Distribution / Chapter 4
June 03 / Resources and Trade (Heckscher Ohlin Model) / Chapter 5
June 08 / The Standard Trade Model / Chapter 6
June10 / Mid Term Exam
June 15 / External Economies / Chapter 7
June 17 / Firms in Global Economy / Chapter 8
June 22 / The Instruments of Trade Policy / Chapter 9
June 24 / The Political Economy of Trade Policy and Development / Chapter 10 & 11
June 29 / Controversies in trade policy / Chapter 12
June30 – July 3, 2015 Final Exam Period

*Course outline may be subject to change as the course progresses. Topics may be dropped or added as time allows.

Grade Distribution based on Percentages Earned

Thegrade distribution will be based upon the total percentage points that you will earn in the semester. The standard cut-off points, provided by York University, will be used to convert percentages to letter grades as follows.

Percentage / Letter Grade / Percentage / Letter Grade
90-100 / A+ / 60-64 / C
80-89 / A / 55-59 / D+
75-79 / B+ / 50-54 / D
70-74 / B / 40-49 / E
65-69 / C+ / 0-39 / F

Exam Dates and Rules

  • Tentative date for the midterm exam is Wednesday, June 10, 2015. The final exam will be held during June 30 – July 3rd 2015. The precise date for the final exam will be announced later.
  • No student will be allowed to write the exam prior to the scheduled date.
  • No student will be allowed to write the exam in order to improve the letter grade.
  • York University is committed to respecting the religious beliefs and practices of all members of the community. In case, any of the exam dates clash with the day of your religious observance, you are responsible for contacting me at least two weeks in advance. To arrange for an alternative date, you must complete an ‘Examination Accommodation Form’ available at
  • Cheating and plagiarism are considered to be serious offences by York University. Please visit the Academic Integrity web site to read the Senate Policy on Academic Honesty.
  • Cell phones, electronic translators, programmable calculators, iPods, MP3 players, and other electronic devices are not permitted into exams. You will only be allowed the use of non-programmable calculator and English language dictionaries. Other permissible items to carry in exams are pens, pencils, student ID, coats and purses.
  • You must show your student ID at each exam, failure to produce one may result in non-admittance to examination hall.

Make-up Exams Policy

  • No make-up exams will be given for a missed midterm exam. If for any reason you miss a midterm, your 90% final exam weight will be applied towards your missed exam. For example, if you obtain 70 out of 100 in final exam, 90% of your final exam score will be adjusted to account for 35% mid -term weight. In this example, the midterm points award out of 35 percentage points will be calculated as:

70x 0.90 x 0.35 = 22.05

  • In case you miss the final exam, you will be allowed to write a deferred exam onlyby completing the Deferred Standing Agreement Form within one week of the exam.

Important Dates
Last date to enrol without permission of course instructor / May 25
Last date to add a course with permission of instructor / June 2
Last date to drop course without receiving a grade / June 16

Academic Honesty: No abiding by academic code of conduct is considered a serious breach of trust. Cheating, copying, plagiarism, are considered serious academic misconducts and are not tolerated. Anyone found engaged in academic misconduct or assisting in such activities will be subjected to academic discipline as discussed in the Senate Policy on Academic Honesty

Important Information

The Senate Committee on Curriculum & Academic Standards (CCAS) provides a Student Information Sheet that includes:

  • York's Academic Honesty Policy and Procedures / Academic Integrity Web site
  • Academic Accommodation for Students with Disabilities
  • Religious Observance Accommodation
  • Student Code of Conduct
  • Alternate Exam and Test Scheduling
  • Grading Scheme and Feedback Policy
  • The Senate Grading Scheme and Feedback Policy stipulates that (a) the grading scheme (i.e. kinds and weights of assignments, essays, exams, etc.) be announced, and be available in writing, within the first two weeks of class, and that, (b) under normal circumstances, graded feedback worth at least 15% of the final grade for Fall, Winter or Summer Term, and 30% for ‘full year’ courses offered in the Fall/Winter Term be received by students in all courses prior to the final withdrawal date from a course without receiving a grade.
  • "20% Rule" No examinations or tests collectively worth more than 20% of the final grade in a course will be given during the final 14 calendar days of classes in a term. The exceptions to the rule are classes which regularly meet Friday evenings or on Saturday and/or Sunday at any time, and courses offered in the compressed summer terms.
  • Final course grades may be adjusted to conform to Program or Faculty grades distribution profiles.