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ECOS3006: International Trade
Semester 2, 2023
Dr. Jasmine Jiang
Today
• Logistics
• Class Overview
• World Trade
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Me
• Dr. Jasmine Jiang
• Lectures:
-- Wednesdays 4:00-6:00pm
• Office hours:
-- Tuesdays 1:30-2:30PM (Sydney time) in my office
room 567 of A02.
• https://www.jasminejiang.net/
Housekeeping 1
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1. Please use the Ed Discussion forum for most questions related to
this course as other students likely have the same question. Only
use email for the occasional communication that should remain
private. Email MUST include the unit code ECOS3006 in the
subject line, or it may get overlooked.
Tutors
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• Carlton Li chongxuan.li@sydney.edu.au
-- Consultation hours: Fridays 4-6pm at A02 Room 222
• Peter Jiang hjia2323@uni.sydney.edu.au
-- Consultation hours: Thursdays 10-11am at A02 Room 220
• If you have a question about the material, ask it on Ed board
• You can ask your questions in Discussions section, and other students will
see the answer
• If you see an unanswered question by another student, you can
answer it (nice practice!)
Housekeeping 2
1. Textbook:
-- Feenstra and Taylor, International Trade, 4th or 5th edition.
-- Krugman, Obstfield and Melitz, International Economics: Theory
and Policy
2. The assessment schedule is provided in the Unit of Study outline.
More details about assignments and exams will be provided later in
the semester.
3. If you miss an exam, need extra time etc., it is not up to me to grant you permission
-- There’s a special service dealing with this kind of requests
-- https://www.sydney.edu.au/students/special-consideration.html
4. Cheating is not tolerated.
For Credit
• Quizzes
-- 5 quizzes, each 3% of total grade
• In-semester test on Canvas (1 hour)
-- 35% of total grade
• Final exam on Canvas (2 hours)
-- 50% of total grade
Recommendation Letter
• Bottom line: I cannot write a letter for you if I do not know you!
• Things that help me know you: participating in class, consistently
attending tutorial sessions, asking questions in or after class (in
my office hours), achieving high scores across quizzes and
exams.
-- Basically, anything that shows me your hard work in this class.
What’s this class all about?
First part:
Models of trade and applications to different phenomena of today’s
globalized economies.
• Why do countries trade?
• What are the patterns of trade?
• What are the benefits from trade?
• Who wins and who loses with trade?
• Multinationals, offshoring, and outsourcing.
What’s this class all about?
Second part:
Trade policy and international trade agreements.
• Instruments of trade policy: import tariffs, quotas, export subsidies,
antidumping legislation, strategic trade policy.
• Effects on trade and welfare.
• Political economy of trade policy.
• International trade agreements:
• WTO and regional trade agreements
• Effects on trade and welfare
Why International Trade?
• Hot topic
• We trade more than ever (not after covid though)
• Age of trade wars
• Good ice breaker
• A lot of misconceptions
• Great application of what you’ve learned before
• Develops your economic intuition
• We all trade on a daily basis
• Another perspective on familiar things
• It’s just fun!