Part I. International agricultural trade policy (20h + 15h)
1. General Equilibrium in Open and Closed Economies : a Reminder
2. The Causes of Trade : Ricardian Theory
3. The Causes of Trade : Heckscher-Ohlin-Samuelson model
4. The Causes of Trade : the Specific-Factor model
5. Analysis of Trade Policy : Tariffs and Export Subsidies
6. Analysis of Trade Policy : Quotas and non-Tariff Barriers
7. Imperfect Competition and the Gains from Trade
8. Imperfect Competition, Economies of Scale, Intra-industry Trade
9. Strategic Trade Theory
Main references:
Bhagwati, J.N., Panagariya, A., and Srinivisan, T.N. (1998). Lectures on International Trade, MIT Press.
Markusen, J.R. Melvin, W.H. Kaempfer, and K.E. Maskus(1995). International Trade: Theory and Evidence.
Part II. Econometric estimation of flexible cost function and their use in micro-simulation (10h + 7,5h)
1. Estimation of Cost of Production for Agricultural Commodities
2. Estimation of Flexible Cost Functions
3. Economic Model Calibration: Positive Mathematical Programming and Maximum Entropy
4. Farm Model Simulation
5. Risk Consideration in Farm Model
Main references:
Henry de Frahan, B., Buysse, J., Polomé, P., Fernagut, B., Harmignie, O.,Lauwers, L., Van Huylenbroeck, G. and Van Meensel, J. 2007. 'Positive Mathematical Programming for Agricultural and Environmental Policy Analysis: Review and Practice' In Weintraub, A., Bjorndal, T., Epstein, R. and Romero, C. (eds.), Handbook of Operations Research in Natural Resources. International Series in Operations Research & Management Science, F. S. Hillier, Series Editor. Kluwer Academic Publishers.
Henry de Frahan, B., Baudry, A., Polomé, P. and Howitt, R. 'Dairy Farms without Quotas in Belgium: Estimations and Simulations with a Flexible Cost Function' Submitted at the European Review of Agricultural Economics.
Howitt R.E. 1995. 'Positive mathematical programming' American Journal of Agricultural Economics, 77(2): 329-342.
Paris Q. and R.E. Howitt. 1998. "An Analysis of Ill-posed Production Problems Using Maximum Entropy" American Journal of Agricultural Economics, 80(1): 124-138.
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