Time allocated NEEDED 1.BASIS FOR Interactive LCD Introduction INTERNATIONAL TRADE lectures Projector, Importance of trade (2 hrs) Chalk / BB or Why does trade occur Seminar (2 hrs) Markers / Flip Comparative advantage & trade charts Seminar1: Why countries trade. 2.BASIS FOR Interactive Chalk / BB or Increasing opportunity costs & trade INTERNATIONAL TRADE lectures Markers / Flip Trade with demand and supply (2 hrs) charts Different tastes as a basis for trade Tutorial (2 hrs) Measuring gains from trade Tutorial 1: Exercises on trade with demand & supply; measuring gains from trade. 3. INTRODUCTION TO Interactive Chalk / BB or Mercantilist’s views on trade INTERNATIONAL TRADE lectures Markers / Flip Adam Smith’s Absolute Advantage THEORIES (2 hrs) charts Tutorial (2 hrs) Tutorial 2: Exercises on absolute advantage & trade 4. INTRODUCTION TO Interactive Chalk / BB or Ricardo’s law of comparative advantage INTERNATIONAL TRADE lectures Markers / Flip (differences in technology) THEORIES (2 hrs) charts Comparative advantage & opportunity Tutorial (2 hrs) cost theory Tutorial 3: Exercises on comparative advantage & trade 5. INTRODUCTION TO Interactive Chalk / BB or Standard theory of international trade INTERNATIONAL TRADE lectures Markers / Flip Hecksher-Ohlin theory of international THEORIES (2 hrs) charts Trade (differences in factor endowments) Tutorial (2 hrs) Tutorial 4: Exercises on Hecksher-Ohlin & trade 6. THE TERMS OF Interactive Chalk / BB or Terms of trade TRADE lectures Markers / Flip Calculating a country’s terms of trade (2 hrs) charts Determinants of terms of trade Tutorial (2 hrs) Tutorial 5: Exercises on Calculating a country’s terms of trade 7. THE CONCEPTS OF Interactive LCD Relationship between imports & exports FREE TRADE lectures Projector, Optimal trade policy (2 hrs) Chalk / BB or Benefits of free trade Seminar (2 hrs) Markers / Flip charts Seminar 2: Arguments for & against free trade.
Time allocated NEEDED 1.BASIS FOR INTERNATIONAL TRADE Introduction Importance of trade Why does trade occur Comparative advantage & trade Seminar1: Why countries trade. Interactive lectures (2 hrs) Seminar (2 hrs) LCD Projector, Chalk / BB or Markers / Flip charts 2.BASIS FOR INTERNATIONAL TRADE Increasing opportunity costs & trade Trade with demand and supply Different tastes as a basis for trade Measuring gains from trade Tutorial 1: Exercises on trade with demand & supply; measuring gains from trade. Interactive lectures (2 hrs) Tutorial (2 hrs) Chalk / BB or Markers / Flip charts 3. INTRODUCTION TO INTERNATIONAL TRADE THEORIES Mercantilist’s views on trade Adam Smith’s Absolute Advantage Tutorial 2: Exercises on absolute advantage & trade Interactive lectures (2 hrs) Tutorial (2 hrs) Chalk / BB or Markers / Flip charts 4. INTRODUCTION TO INTERNATIONAL TRADE THEORIES Ricardo’s law of comparative advantage (differences in technology) Comparative advantage & opportunity cost theory Tutorial 3: Exercises on comparative advantage & trade Interactive lectures (2 hrs) Tutorial (2 hrs) Chalk / BB or Markers / Flip charts 5. INTRODUCTION TO INTERNATIONAL TRADE THEORIES Standard theory of international trade Hecksher-Ohlin theory of international Trade (differences in factor endowments) Tutorial 4: Exercises on Hecksher-Ohlin & trade Interactive lectures (2 hrs) Tutorial (2 hrs) Chalk / BB or Markers / Flip charts 6. THE TERMS OF TRADE Terms of trade Calculating a country’s terms of trade Determinants of terms of trade Tutorial 5: Exercises on Calculating a country’s terms of trade Interactive lectures (2 hrs) Tutorial (2 hrs) Chalk / BB or Markers / Flip charts 7. THE CONCEPTS OF FREE TRADE Relationship between imports & exports Optimal trade policy Benefits of free trade Seminar 2: Arguments for & against free trade. Interactive lectures (2 hrs) Seminar (2 hrs) LCD Projector, Chalk / BB or Markers / Flip charts
AEC%203206%20INTERNATIONAL%20TRADE%20IN%20AGRICULTURE.docx