Class notes
Theory and policy
- Course
- Drama (DRA3)
- Institution
- Rhodes University (RU)
These two both give more explanation on International Trade and Drama 3. Both they give the theory to the subjects.
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Eco 312International Mr Sisa Jobo
Trade: Theory and Rm. E23
s.jobo@ru.ac.za
Policy Rhodes Univeristy
Week 1
2021
, • Course Logistics
• Intro to International Economics
Today’s plan • Structure of Global Trade
• Classical Trade Theory
, • Required Textbook: APPLEYARD, D.R., and FIELD, A.J.,
2017. International Economics (9e). McGraw-Hill, Bost
• Course Requirements
• Formal Lecturing is the primary method of deliver
the course material to students.
• Weekly videos, PDF documents, Power Point Presentation
Audio files.
Course • Tutorials are given out every second week, on
Thursday as problem sets.
Logistics • Submission of all, but one, tutorials is compulsory
• Final Mark
• Test 1: 10%
• Test 2: 10%
• Assignment: 10%
• Mini Tests/Tutorial Problem sets: 10%
• Exam: 60%
, • Nature of merchandise trade: Why are w
interested in international trade?
• Value of trade:$2T in 1985 to $18.9
2004
• International trade growth has
surpassed output growth.
• About 25% of total global productio
exported to other countries.
Introduction • Globalization: The integration of
national economies into a global
economic system has been one of t
most important developments of th
last 100 years.
• Recommended Presentation of
Globalization by Prof Steve Friedman fr
Yale University.
• https://www.youtube.com/watch?v=5
nuV9FY&t=1395s
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