This course will introduce students to quantitative and modelling techniques employed in global trade analysis. The course consists of two main parts. The first introduces important concepts and provides theoretical foundations for understanding flows and patterns of trade across countries. The second deals with structural and econometric modelling and empirical measurement of the links between trade and economic welfare. Topics covered will include; regional economic integration; exchange rates and trade; trade policy and economic welfare; and trade, economic growth and poverty reduction.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. Understand theories in international trade analysis and a series of international trade policy issues.
2. Empirically analyse models of the determinants of international trade flows.
3. Construct structural models for global trade analysis.
4. Evaluate the welfare effects of alternative trade policies.
5. Communicate research in writing and oral presentations.

Required Resources

Readings will be provided on Wattle.

Recommended Resources

Advanced International Trade

Author: Feenstra, R.C.

Publisher: Princeton University Press, Princeton.

The Theory of International Trade,

Author: Markusen, J. R. and J.R. Melvin

Publisher: Harper & Row, Sydney

International Economics: Theory and Policy

Author: Krugman, P. and Obstfeld, M.

Publisher: Addison Wesley, Sydney

Edition: 10th Edition

Staff Feedback

Students will be given feedback in the following forms in this course:

• Written comments
• Verbal comments
• Feedback to the whole class, to groups, to individuals, focus groups

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Lecture - Week 1: International economics, regional ecnomics, and national economics.	Power point presentation will be uploaded in the Wattle.
2	Lecture - Week 2: An overview –A preview of International trade theories	Power point presentation will be uploaded in the Wattle.
3	Lecture - Week 3: Patterns of trade; international factor movements: Theories	Power point presentation will be uploaded in the Wattle.
4	Lecture - Week 4: Instruments of trade policy; Tariffs; quantitative restrictions and welfare analysis	Power point presentation will be uploaded in the Wattle.
5	Lecture - Week 5: Trade pattern and flow analyses. Trade intensities	Power point presentation will be uploaded in the Wattle.
6	Lecture - Week 6: Constant market share analysis. Conventional gravity model and estimation	Power point presentation will be uploaded in the Wattle.
7	Lecture - Week 7: Advanced gravity model, specification, estimation and analysis	Power point presentation will be uploaded in the Wattle.
8	Lecture - Week 8: The status of economic integration; Asian economic integratioin	Power point presentation will be uploaded in the Wattle.
9	Lecture - Week 9: Exchange rate and trade: devaluation and export subsidies	Power point presentation will be uploaded in the Wattle.
10	Lecture - Week 10: Foreign direct investment: determinants and impact on host economies	Power point presentation will be uploaded in the Wattle.
11	Lecture - Week 11: Trade-environment linkages, and foreign direct investment-poverty reduction linkages	Power point presentation will be uploaded in the Wattle.
12	Lecture - Week 12: Computable General Equilibrium Models and Trade Policy Analyses	Power point presentation will be uploaded in Wattle.

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Empirical Research Paper (Outline)	10 %	22/08/2022	26/08/2022	1,2
Interim Presentation	10 %	29/09/2022	06/10/2022	1,2
Empirical Research Paper	40 %	28/10/2022	11/11/2022	1,2
Final Examination	40 %	*	01/12/2022	1,2

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the ANU Online website Students may choose not to submit assessment items through Turnitin. In this instance you will be required to submit, alongside the assessment item itself, hard copies of all references included in the assessment item.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Assessment Task 1

Empirical Research Paper (Outline)

It is mandatory to submit a research paper outline as the first assignment task in this course. The outline will employ a quantitative technique covered in this course to analyze a development policy issue selected by the student and approved by the course coordinator. The outline will be a one page write-up briefly mentioning about the importance of the topic, research questions, data source, quantitative modeling, estimation methods, and the core references. The outline should be submitted by Monday, 22 August 2022, 11:55 pm. The feedback about the feasibility of the study will be given by Friday, 26 August 2022, 5pm.

Assessment Task 2

Interim Presentation

In the interim presentation, students will present their preliminary analyses and findings and will receive feedback on their work. The feedback will help shape the analyses and results entering the final draft of the course essay.

Assessment Task 3

Empirical Research Paper

Research paper must conform to the following standards:

• The research paper should not exceed 4000 words in length, in 1.5 line spacing, 12 point Times New Roman font, single-sided, including all tables, graphs and references. Reports longer than 4000 words will not be accepted.

• The research paper must apply quantitative methods e.g. estimation of gravity models, estimation of the impact of trade protection on productivity, or utilisation of computable general equilibrium to address an issue within international trade. Further details on the potential research topic will be discussed in the lectures.

• The paper can be based on models and specifications already existing in the literature, but otherwise it must be the original work of the student. Cases of plagiarism and/or source material that is not referenced properly will constitute an immediate and unredeemable fail on the research paper. 

• Each research paper must contain a brief literature review and a list of references, properly cited throughout the text.

• Each paper must also have a clearly defined research question that is being addressed with the chosen quantitative method and a section that clearly discusses the results and implications of the quantitative measures. Simply reporting results without discussion is not acceptable.

• Data sets and program code must be submitted by email to the course coordinator so that estimates can be verified when the research report is graded. 

The research paper will be assessed on the following criteria:

Analytical Content     60 %

Originality                        30 %

Referencing           10 %

Students are urged to consult with Academic and Research Skills team throughout the semester for assistance with academic and research skills and in the preparation of the report.

A research paper of 4000 words maximum should be submitted in soft copy at the Wattle by 28 October 2022, 11:55pm.

Assessment Task 4

Final Examination

A final examination of 2 hours duration will be held at the end of the course during the examination period.

Academic Integrity

Academic integrity is a core part of our culture as a community of scholars. At its heart, academic integrity is about behaving ethically. This means that all members of the community commit to honest and responsible scholarly practice and to upholding these values with respect and fairness. The Australian National University commits to embedding the values of academic integrity in our teaching and learning. We ensure that all members of our community understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with. The University has policies and procedures in place to promote academic integrity and manage academic misconduct. Visit the following Academic honesty & plagiarism website for more information about academic integrity and what the ANU considers academic misconduct. The ANU offers a number of services to assist students with their assignments, examinations, and other learning activities. The Academic Skills and Learning Centre offers a number of workshops and seminars that you may find useful for your studies.

Online Submission

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Hardcopy Submission

For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

Late Submission

Late submission of assessment tasks without an extension are penalised at the rate of 5% of the possible marks available per working day or part thereof. Late submission of assessment tasks is not accepted after 10 working days after the due date, or on or after the date specified in the course outline for the return of the assessment item.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information. In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service — including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy. If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes. Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students