5 credits
30.0 h
Q1
Teacher(s)
Theodorakopoulos Angelos; Çürük Malik;
Language
English
Prerequisites
The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
Main themes
The students in this course are expected to prepare a paper on a topic in the daily news that is related to the trade theory models that we discuss in class. For example: what explains the wage gap between skilled and unskilled workers in Europe? Students are also required to solve problem sets that consist of questions raised in class. Discussion of solutions are done in class together with a discussion of the difficulties faced in solving the prob-lems. 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".
Aims
At the end of this learning unit, the student is able to : | |
| 1 | This course intends to teach Master students a course in Advanced International Trade. For this purpose we will use the handbook by Feenstra (2004) which is an internationally renowned book used in many Universities around the world. The course discusses -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. |
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
The course aims to achieve two objectives. It intends to introduce
the classical/modern trade models and their empirical tests to the students. Both theo-
retical and empirical frontiers in international trade research are priorities of the course.
At the end of this course, the students are expected to have a good understanding on the
fundamental issues in international trade: Why do nations/rms trade?, What are the
possible gains from trade?, How are these gains distributed across different groups in a
society?; and to use these insights to re
ect on the contemporary debates, e.g. globaliza-
tion, anti-globalization and rising protectionism. The course is divided into two parts: the
first part, taught by Malik Curuk, will focus mainly on international trade theory; and
the second part, taught by Angelos Theodorakopoulos, will concentrate on the empirical
aspects of trade. The details are provided below.
the classical/modern trade models and their empirical tests to the students. Both theo-
retical and empirical frontiers in international trade research are priorities of the course.
At the end of this course, the students are expected to have a good understanding on the
fundamental issues in international trade: Why do nations/rms trade?, What are the
possible gains from trade?, How are these gains distributed across different groups in a
society?; and to use these insights to re
ect on the contemporary debates, e.g. globaliza-
tion, anti-globalization and rising protectionism. The course is divided into two parts: the
first part, taught by Malik Curuk, will focus mainly on international trade theory; and
the second part, taught by Angelos Theodorakopoulos, will concentrate on the empirical
aspects of trade. The details are provided below.
Teaching methods
Class participation
You are expected to attend all lectures and participate in discussions.
Assignments
During the first part of the course, you will be given exercise problems in the lecture notes.
These exercises will not be graded but the students are expected to work out the problems
themselves to have a better understanding of the material, which will be helpful in the
final examination.
Presentations
During the last week of the second part of the course, each student will have to make a 15-
minute presentation of a paper chosen from a list provided by the tutor. The presentations
will be followed up by a 5-minute discussion/questions from the rest of the class. Unless
the class size is large and groups need to be formed, the presentations will be student-
specific. These presentations will not be graded but are expected to provide students with
a better understanding of the material, which will be helpful in the final examination.
You are expected to attend all lectures and participate in discussions.
Assignments
During the first part of the course, you will be given exercise problems in the lecture notes.
These exercises will not be graded but the students are expected to work out the problems
themselves to have a better understanding of the material, which will be helpful in the
final examination.
Presentations
During the last week of the second part of the course, each student will have to make a 15-
minute presentation of a paper chosen from a list provided by the tutor. The presentations
will be followed up by a 5-minute discussion/questions from the rest of the class. Unless
the class size is large and groups need to be formed, the presentations will be student-
specific. These presentations will not be graded but are expected to provide students with
a better understanding of the material, which will be helpful in the final examination.
Evaluation methods
There will be a final oral examination which covers both the theory and the empirical part
of the course.
of the course.
Other information
A course in micro-economics, statistics and mathematics The exam is written and consists of questions related to the lectures in class Robert Feenstra (2004) "Advanced International Trade, Princeton University Press
Bibliography
- Lecture notes and slides will be provided.
- There is no required textbook for this course. However, we will sometimes draw from the following textbook: \Advanced International Trade' by R.Feenstra, Princeton University Press, 2004
- Lecture notes and slides will be provided.
- There is no required textbook for this course. However, we will sometimes draw from the following textbook: \Advanced International Trade' by R.Feenstra, Princeton University Press, 2004
border puzzle. American economic review, 93(1):170{192, 2003.
[2] Thomas Chaney. Distorted gravity: the intensive and extensive margins of interna-
tional trade. American Economic Review, 98(4):1707{21, 2008.
[3] Arnaud Costinot and Jonathan Vogel. Beyond ricardo: Assignment models in inter-
national trade. economics, 7(1):31{62, 2015.
[4] Alan V Deardorf. The general validity of the law of comparative advantage. The
Journal of Political Economy, 88(5):941{957, 1980.
[5] Rudiger Dornbusch, Stanley Fischer, and Paul Anthony Samuelson. Comparative
advantage, trade, and payments in a ricardian model with a continuum of goods. The
American Economic Review, 67(5):823{839, 1977.
[6] Jonathan Eaton and Samuel Kortum. Technology, geography, and trade. Economet-
rica, 70(5):1741{1779, 2002.
[7] Ronald W Jones. Comparative advantage and the theory of tarifs: A multi-country,
multi-commodity model. The Review of Economic Studies, 28(3):161{175, 1961.
[8] Paul R Krugman. Increasing returns, monopolistic competition, and international
trade. Journal of international Economics, 9(4):469{479, 1979.
[9] Marc J Melitz. The impact of trade on intra-industry reallocations and aggregate
industry productivity. Econometrica, 71(6):1695{1725, 2003.
[10] Marc J Melitz and Gianmarco IP Ottaviano. Market size, trade, and productivity.
The review of economic studies, 75(1):295{316, 2008.
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Teaching materials
- Lecture notes and slides will be provided.
- There is no required textbook for this course. However, we will sometimes draw from the following textbook: \Advanced International Trade' by R.Feenstra, Princeton University Press, 2004
Faculty or entity
ECON
