20293 - INTERNATIONAL TRADE
CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Course taught in English
Go to class group/s: 31
The main focus of the course is on the applied theory of international trade and the empirical test of trade models. Its main aim is to train experts in applied theory able to analyze complex issues related to the globalization of goods and factor markets. To this purpose, the course provides a detailed illustration of the models and methodologies most commonly used in the analysis of international trade. The course is mainly addressed to graduate students who possess notions of macroeconomics and microeconomics at an intermediate level, and some basic notions of statistics and econometrics.
Main properties of C.E.S. and Cobb-Douglas production and utility functions.
Two-sector models and models with a continuum of goods with perfect competition.
Models with increasing returns, imperfect competition and heterogeneous firms.
Eclectic models with costly trade.
Economic geography and the gravity model.
Trade, technology and wage inequality.
Offshoring and foreign direct investment.
Trade, growth and institutions.
Written exam (no partial exam)
R.C. FEENSTRA, Advanced International Trade. Theory and Evidence, Princeton, Princeton University Press, 2004.
Additional readings are available at the beginning of the course.