Advanced International Trade
[ECON2604]
[30h] 5 credits
Teacher(s): Huasheng Song(supplée Hylke Vandenbussche), Hylke Vandenbussche
Language: English
Level: Second
Aims
-neo-classical trade models with perfect product and labor markets
-modern trade models with imperfect product market (new economic geography models,..)
-empirical evidence on the validity of theoretical trade models
In addition the course will also engage in a discussion of some topics currently heavily researched in the litera-ture.
Main themes
The purpose of the course is to give Master students a solid knowledge of the field of International economics which they require if they want to pursue research in this field. The course particularly stresses the notion of comparative advantage and the link between trade, product and factor markets. This allows students to better understand the issues involved in policy debates on "globalization" and to better understand issues like the "anti-globalization movement".
Content and teaching methods
1) neo-classical trade models
2) Trade in intermediates
3) Gravity models
4) Import protection
5) Tax competition and firms' location
6) Political economy of trade policy
7) Multinationals and Foreign direct investment
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)
The exam is written and consists of questions related to the lectures in class
Robert Feenstra (2004) "Advanced International Trade, Princeton University Press