040168 KU International Economics (MA) (2022S)
Continuous assessment of course work
Labels
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 07.02.2022 09:00 to Mo 21.02.2022 23:59
- Registration is open from Th 24.02.2022 09:00 to Fr 25.02.2022 23:59
- Deregistration possible until Mo 14.03.2022 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Depending on the evolution of the pandemic and the corresponding regulation by the University of Vienna, the course will take place in the following formats (ranked by preference, and subject to feasibility): (1) physical presence, (2) hybrid format, (3) online.
- Tuesday 01.03. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 08.03. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 15.03. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 22.03. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 29.03. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 05.04. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 26.04. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 03.05. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 10.05. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 17.05. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 24.05. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 31.05. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 14.06. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Monday 20.06. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 21.06. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 28.06. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Information
Aims, contents and method of the course
The course will cover the most important models in the field of international economics, as well as the related empirical evidence and applications to questions of interest in economics and policy debates. At the end of the course, students will have developed the skills needed to understand the major forces driving international trade in goods and assets, as well as their impact on welfare.
Assessment and permitted materials
Evaluation will be based on a mid-term exam (35%), a final exam (35%), and a term paper (30%).
For midterm and final exams, no materials (computer, notes, books, etc.) will be allowed.
For midterm and final exams, no materials (computer, notes, books, etc.) will be allowed.
Minimum requirements and assessment criteria
Students should prove a good command (at least 50%) of the course’s topics. 50% - 60% implies a 4; 60% - 70% a 3; 70% - 85% a 2; above 80% a 1.
Examination topics
The topics treated are international trade (gravity, comparative advantage, increasing returns, heterogeneous firms) and international finance (current account, capital markets and their imperfections, financial crises).
Reading list
Trade:- Anderson, J.E. and E. van Wincoop (2002): “Gravity with Gravitas: A Solution to the Border Puzzle,” American Economic Review, 93(1), pp. 170-192
- Krugman, P.R. (1987): “The Narrow Moving Band, the Dutch Disease, and the Competitive Consequences of Mrs. Thatcher: Notes on Trade in the Presence of Dynamic Scale Economies,” Journal of Development Economics, 27, pp. 41-55
- Obstfeld, M. and K. Rogoff (1996): Foundations of International Macroeconomics, MIT Press, Chapter 4, pp. 235-256 (OR)
- Davis, D.R. (1998): “Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade,” American Economic Review, June, 88(3), pp. 478-494
- Helpman, E. and P.R. Krugman (1985): Market Structure and Foreign Trade, MIT Press, chapter 1
- Trefler, D. (1993): “International Factor Price Differences: Leontief Was Right!” Journal of Political Economy, Dec., 101(6), pp. 961-987
- Costinot, A., D. Donaldson, M. Kyle and H. Williams (2019): “The More We Die, the More We Sell? A Simple Test of the Home-Market Effect,” Quarterly Journal of Economics
- Krugman, P.R. (1979): “Increasing Returns, Monopolistic Competition, and International Trade,” Journal of International Economics, November 9 (4), pp. 469-479
- Krugman, P.R. (1980): “Scale Economies, Product Differentiation, and the Pattern of Trade,” American Economic Review 70, pp. 950-959
- Krugman, P.R. (1981): “Intra-industry Specialization and the Gains from Trade,” Journal of Political Economy, 89 (5), 959-974
- Bernard, A.B., J.B. Jensen, S.J. Redding and P.K. Schott (2007): “Firms in International Trade,” Journal of Economic Perspectives, 21(3), pp.105-130
- Melitz, M.J. (2003): “The Impact of Trade on Intra-industry Reallocations and Aggregate Industry Productivity,” Econometrica, 71, pp. 1695-1725
- Trefler, D. (2004): “The Long and Short of the Canada-U.S. Free Trade Agreement,” American Economic Review, 94, pp. 870-895Finance:- OR: chapters 1-3, 5-7,
- Obstfeld, M. and K. Rogoff (2001): “The Six Major Puzzles in International Macroeconomics. Is There a Common Cause?” NBER Macroeconomics Annual 2000.
- Broner, F., A. Martin, and J. Ventura (2010): “Sovereign Risk and Secondary Markets,” American Economic Review, 100(4).
- OR: chapter 6.
- Chang, R. and A. Velasco (2001): “A Model of Financial Crises in Emerging Markets,” Quarterly Journal of Economics, May: 489-517.
- Krugman, P.R. (1987): “The Narrow Moving Band, the Dutch Disease, and the Competitive Consequences of Mrs. Thatcher: Notes on Trade in the Presence of Dynamic Scale Economies,” Journal of Development Economics, 27, pp. 41-55
- Obstfeld, M. and K. Rogoff (1996): Foundations of International Macroeconomics, MIT Press, Chapter 4, pp. 235-256 (OR)
- Davis, D.R. (1998): “Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade,” American Economic Review, June, 88(3), pp. 478-494
- Helpman, E. and P.R. Krugman (1985): Market Structure and Foreign Trade, MIT Press, chapter 1
- Trefler, D. (1993): “International Factor Price Differences: Leontief Was Right!” Journal of Political Economy, Dec., 101(6), pp. 961-987
- Costinot, A., D. Donaldson, M. Kyle and H. Williams (2019): “The More We Die, the More We Sell? A Simple Test of the Home-Market Effect,” Quarterly Journal of Economics
- Krugman, P.R. (1979): “Increasing Returns, Monopolistic Competition, and International Trade,” Journal of International Economics, November 9 (4), pp. 469-479
- Krugman, P.R. (1980): “Scale Economies, Product Differentiation, and the Pattern of Trade,” American Economic Review 70, pp. 950-959
- Krugman, P.R. (1981): “Intra-industry Specialization and the Gains from Trade,” Journal of Political Economy, 89 (5), 959-974
- Bernard, A.B., J.B. Jensen, S.J. Redding and P.K. Schott (2007): “Firms in International Trade,” Journal of Economic Perspectives, 21(3), pp.105-130
- Melitz, M.J. (2003): “The Impact of Trade on Intra-industry Reallocations and Aggregate Industry Productivity,” Econometrica, 71, pp. 1695-1725
- Trefler, D. (2004): “The Long and Short of the Canada-U.S. Free Trade Agreement,” American Economic Review, 94, pp. 870-895Finance:- OR: chapters 1-3, 5-7,
- Obstfeld, M. and K. Rogoff (2001): “The Six Major Puzzles in International Macroeconomics. Is There a Common Cause?” NBER Macroeconomics Annual 2000.
- Broner, F., A. Martin, and J. Ventura (2010): “Sovereign Risk and Secondary Markets,” American Economic Review, 100(4).
- OR: chapter 6.
- Chang, R. and A. Velasco (2001): “A Model of Financial Crises in Emerging Markets,” Quarterly Journal of Economics, May: 489-517.
Association in the course directory
Last modified: We 15.06.2022 13:08