Want to learn the laws of economics in an open economy, but unsure where to begin? In this economics course, you willl earn the economic language that makes it easy and fun to understand the global economy, integration and practice.
This course is an introduction to international economics using the microeconomics language, developed by Peking University. Starting with the basics of microeconomics, the course will stretch your mind and challenge you. By the end of this course, you will be able to understand classic economic thoughts, create amazing models, analyze trade policies, operate trade affairs, and settle disputes in just minutes. You will learn through case studies and examples.
No previous abstract economic knowledge needed. Join us as you start your open economy journey.
Week 1: Introduction
Introduction to basic concepts, such as international trade, as well as main economic methods including general equilibrium and partial equilibrium.
Week 2: Classical Trade Thoughts
Introduction to classical trade theories, neoclassical trade theories, and modern trade theories, including basic concepts as well as principles.
Week 3: Classical Trade Models
Further analyses to classical trade theories, neoclassical trade theories, and modern trade theories from the perspective of general equilibrium.
Week 4: Supplement and Extension to Classical Trade Theories
Further analyses to classical trade theories, neoclassical trade theories, and modern trade theories from the perspective of dynamic and heterogenicity.
Week 5: WTO and Integration
This chapter examines some of the reasons governments either should not or, at any rate, do not base their policy on economists’ cost-benefit calculations from the political economy of trade policies. Introduction to world trade rules.
Week 6: Tariff and Nontariff Measures
This chapter examines the policies that governments adopt toward international trade, policies that involve a number of different actions. These actions include taxes on some international transactions, legal limits on value or volume of particular imports, and many other measures. This chapter provides a framework for understanding the effects of trade policies.
Week 7: Topics of Fair Trade
This chapter analyzes the effect of subsidies and counter-subsidies, examines the economic reason for dumping and the impact of anti-dumping, and discusses the essence and origin of fair trade.
Week 8: Trade Rules for Practice
Introduction to operation rule to practice of international trade such as Incoterms 2010 and UCP600.
Week 9: Trade Model for Practice
Introduction to colorful trade models such as counter trade, distributorship, agency, auction, consignment, and leasing trade.
Week 10: Trade Negotiation for Practice
Introduction to laws and models of international trade negotiation from the perspective of game, information economics and cultures.