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08-1 Theory and Practices of Economic Integration (Lee, Jin Sang)
08-1 Theory and Practices of Economic Integration (Lee, Jin Sang)
08-1 Theory and Practices of Economic Integration (Lee, Jin Sang)
Course Objective
This course provides the theoretical economic issues relating in economic integration and give
understanding regional economic integration in the world economy. Theories would cover costbenefits of economic integration on static analysis and dynamic concepts.
The course will bring cases of the European Union, NAFTA, MECOSUR, and others.
The aim is to investigate the contents areas through concentrating on key concepts that are
relevance to the whole course of study. We will question the concepts and look at differing views of
what they are, in order to develop our ability to argue and consider varying viewpoints. In addition,
we will aim to develop analytical skills, through the use of textbooks and articles containing diverse
views and arguments, and a questioning approach towards the use of evidence in both lectures
and seminars.
II.
Prerequisites
It is an asset if you took a course in basic economics before. You are expected to understand basic
concepts of micro/macro curves, though I will try to explain them briefly in class to render the
course self-contained.
III.
Texts
Robson, Peter, (1998), The Economics of International Integration, 4th edition, Routledge,
London and New York.
Jovanovic, M.N. (1998), International Economic Integration: Limits and Prospects, Routledge.
Baldwin, R and Wyplosz, Charles, (2006) The Economics of European Integration, 2nd edition,
McGrwa-Hill.
Additional readings are listed with the specific topics and will be assigned during the term.
IV.
Assessment
There will be one assignment to hand in for marking, and will be a presentation. The assignment
topics will be announced before week 7, and should not exceed 1,500 words. The deadline of the
assignment is week 12. It will require a presentation in the class and topics will be arranged on
week 4. There will also be two examinations.
The proportions of assessment would be as follows;
Presentation and Assignment: 40%
Course Attendance and Participation in Discussion: 20%
Two hour unseen examinations in the mid-term and end-term: 40%
V.
Course Outline
Korhonen, Pekka, (1994) Japan and the Pacific Free Trade Area, New York: Routledge.
Haggard, Stephan,(1995) Developing Nations and the Politics of Global Integration,
Washington, D.C.: Brookings Institution.
Week 15. Economic integration in Korean Context