Theories of International Trade 2104-M-D1TWMI-MPH
Essence and division of theory international trade: subjects, objects and forms of theories of international trade, essence, aims and component elements of international theory of economic trade, functions of theory of international trade, divisions of theory of international trade, divisions of theory of international migration of productive means. Traditional theories of international trade - pre-classic concepts: beginnings of economic doctrine in antiquity - general conditions of economic activity and the beginnings of international trade, general assessment of economic development and international trade in antiquities, concept of lack of commodities psychosis, economic doctrine of middle ages - fall of feudalism and the main causes of the process, international trade in early stages of capitalistic system of production - international trade and its influence over the fall of feudalism and development of capitalistic system of production, geographical discoveries and their influence over international trade, mercantilism as an economic doctrine and the system of policy of trade in early capitalism. Classic and neoclassic theories international trade: theory and principle of absolute costs, theory and principle of relative costs, contribution of J. S. Mill, A. Marschall and others - principle of mutual demand, theory of real costs, theory of alternative costs. Theory of abundance of supplies and its supplements: standard theory of abundance of supplies by E. Heckscher, B. Ohlin, and P. Samuelson, theorem and principle of levelling the prices of productive means, theorem by M. F. W Stolper and P. Samuelson, theorem by T. M. Rybczyński. Neo-factor theories: three-factor theory (work, capital, natural supplies), theory of internal complexity of factors - work and capital, multi-factorial theory, theoretical bases of relationships between international trade and natural environment. Neo-technological theories: theory of technological gap, theory of cycles of product, theory of scale of production and sale advantage. Supply - demand theories: theory of similarities of preferences, theory of differentiation of products. Essence and component elements of theory of intra-industry trade: causes of development of intra-industry trade in light of theory, advantages from development of intra-industry trade. Other contemporary theories of international trade: theory of superiority of administering products and productive factors, theories of relative advantage of differences in level of economic development, theory of international division of work by R. Sohns, directions of development and assessment of development of contemporary theories of international trade. Theory of international migration of productive factors: essence and divisions of theory of international migration of productive factors, theory of migration of population, theory of international migration of capital: notion of capital and forms of its flows, economic results of commitment of capital beyond borders of the country, partition in profits and losses. Migration of capital and international trade: problem of international exchange of productive factors in present theories of international trade, international migration of capital and its models. Theory of international migration of technical knowledge: notion of technical knowledge and forms of its flows, technical knowledge as productive factor, economic results of enlargement of supplies of technical knowledge through import, economic results of independent enlargement of supplies of technical knowledge and its export. Theoretical aspects of functioning of trans-national corporations: essence and basic rules of formation of trans-national corporations, functioning of trans-national corporations in light of present theories of international trade. Theories and hypotheses concerning development of foreign capital investment: macro economical theories, micro economical theories, mixed theories. The theoretical foundations of international trade in services. The theory of location of economic activity.
Type of course
Mode
Prerequisites (description)
Learning outcomes
After finishing this course students should:
• understand the main theoretical viewpoints in international trade, international factor mobility, trade policy and economic integration,
• develop the capacity for analytical and critical thinking about current economic events;
• develop the ability to formulate reasoned conclusions;
• develop the ability to discuss actively and reasonably with respect to other students ;
• develop the ability to speak and present in a public (through the in class discussions and presentations);
Assessment criteria
The students will be evaluated based on their whole semester performance. The final grade will be based on combination of factors that include:
• Class participation (No more than two unexcused absences will be allowed in this course. )
• class discussions and presentations
• final test.
Practical placement
none
Bibliography
- Misala, J. Teorie Międzynarodowej wymiany gospodarczej, PWN, Warszawa 1990.
- Misala, J. Współczesne teorie wymiany międzynarodowej i zagranicznej polityki ekonomicznej, SGH, Warszawa 2003.
- Misala, J. Wymiana międzynarodowa i gospodarka światowa. Teoria i mechanizmy funkcjonowania, SGH, Warszawa 2005.
- Sołdaczuk, J., Misala, J., Historia handlu międzynarodowego, PWN, Warszawa 2001.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: