Economics (ECON) 475

International Trade (Revision 7)

ECON 475

View previous syllabus

Delivery Mode: Individualized study online with eTextbook

Credits: 3

Area of Study: Social Science. ECON 475 can be used as Applied Studies (Business and Administrative Studies) by credential students only.

Prerequisite: Economics (ECON) 357 or 367

Centre: Faculty of Business

ECON 475 has a Challenge for Credit option.

check availability

**Note: Students registering in grouped study mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the Faculty of Business Student Support Centre at 1-800-468-6531.

Overview

International Trade (ECON 475) is a three-credit, senior-level course in economics at Athabasca University. The course may be taken as an elective by business, political science, international studies, and history students who have economics courses in their background.

In the last decade, we have seen economic internationalization proceed at a very fast pace. Our awareness of the role of international issues in our lives has increased substantially. Almost daily, we read about developments such as the European Union. We see increased economic integration efforts that have fostered monetary union and the Eeuro, policy issues related to reducing trade barriers and the impact of retaliatory actions, the spread of the Asian Crisis, and the US trade deficit. In addition, trade in services has been growing in importance.

This course is designed to provide you with a thorough understanding of the fundamental principles of international trade. You will consider a number of questions:

  • What determines the basis of trade?
  • What are the effects of trade?
  • What determines the value and the volume of trade?
  • What factors impede the flow of trade?
  • What is the impact of public policy that attempts to alter the pattern of trade?

Outline

The course material is divided into ten study units. These units are as follows:

  • Unit 1: Canada in a Global Economy
  • Unit 2: The Classical Theory of Trade
  • Unit 3: Basic Microeconomic Concepts
  • Unit 4: Neoclassical Trade Theory
  • Unit 5: Offer Curves and the Terms of Trade
  • Unit 6: The Basis for Trade
  • Unit 7: Post-Heckscher-Ohlin Theories of Trade and Intra-Industry Trade
  • Unit 8: The Instruments of Trade Policy
  • Unit 9: The Impact of Trade Policies
  • Unit 10: Traditional Arguments for Protection

Evaluation

Your final grade for ECON 475 is based on your performance on two quizzes, two assignments, and a final examination. To receive credit for this course, you must achieve a minimum grade of 50% on the final examination and a minimum overall course grade of “D” (50%). The following chart describes the credit weight associated with each course requirement.

Activity Weighting When to Complete
Quiz 1 10% After Unit 3
Assignment 1 20% After Unit 5
Quiz 2 10% After Unit 7
Assignment 2 20% After Unit 10
Final Examination 40% After completing all other assessment activities.
Total 100%

The examination(s) for this course will be written in the traditional pen and paper format.

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Course Materials

Textbook

Registration in this course includes an electronic textbook. For more information on electronic textbooks, please refer to our eText Initiative site.

Appleyard, D. R., & Field, A. J., Jr. (2017). International economics (9th ed.). New York: McGraw-Hill/Irwin. ISBN 9781259693762

A print version of the eText can sometimes be purchased from the publisher through a direct-to-student link provided on the course website; you can also acquire the textbook on your own if you wish.

Other Resources

The McGraw-Hill Connect website includes self-study review activities (SmartBook/LearnSmart) for each textbook chapter.

All other learning resources will be available online.

Challenge for Credit Course Overview

The Challenge for Credit process allows students to demonstrate that they have acquired a command of the general subject matter, knowledge, and intellectual and/or other skills that would normally be found in a university level course.

Full information for the Challenge for Credit can be found in the Undergraduate Calendar.

Challenge Evaluation

To receive credit for the ECON 475 challenge registration, you must achieve a grade of at least 50% on the examination.

Paper Exam (3 hours)

Undergraduate Challenge for Credit Course Registration Form

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 7, August 17, 2018.

View previous syllabus