Review in International Economics (0)
1) The opportunities and challenges in international economics facing the world today,
especially in the post-pandemic period (covid-19)
2) The trade theory: Mercantilists, Absolute advantage of Adam Smith, Comparative
Advantage of David Ricardo, Comparative advantage based on opportunity cost by
Harberler (What is the basis for and what are the gains from trade? What is the
pattern of trade)?
3) The Heckscher-Ohlin theory: The assumptions, factor intensity and factor
abundance, the basic of comparative advantage and the effect of international trade
on the earnings of factors of production.
4) Understanding the tariff on imports and exports, the different type of tariff: advalorem tariff, specific tariff. The partial equilibrium analysis of a tariff in domestic
production and consumption, the revenue collected, the protection cost, the producer
and consumer surplus.
5) Understand the rates of effective protection, the formula of the rates of effective
protection and the meaning of these measure.
6) Understand the meaning of the quota, voluntary export restraints, export subsidy,
technical measures. Analysis on the partial equilibriums of quota, VERs, export
subsidy in domestic production and consumption, the protection cost, the producer
and consumer surplus
7) Distinguish between import tariff and import quota, between voluntary export
restraints and import quota/ import tariff.
8) The argument for and against trade protectionism and trade liberalization? The
relationship between trade protectionism and trade liberalization. The pivotal trend
in trade policy today?
9) Describe the degree of economic integration and give example? Analyse the effect
of trade – creating and trade- diverting customs union.
10) Analyse the opportunities and challenges/ or the impact of CPTPP and EVFTA on
trade in goods and services.
11) Analyse the difference between foreign direct investment (FDI) and foreign
portfolio investment (FPI). The effects of FDI and FPI on investing country and host
country. Policy implication for Vietnam.
12) The meaning of the balance of payments and how to measure the balance of
payment. The definition and principal function of foreign exchange markets,
exchange rate.
Exercises:
- Comparative advantage by David Ricardo, describe the production possibility frontiers
- Partial equilibrium analysis of tariff, quota and export subsidy