040168 KU International Economics (MA) (2023S)
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 13.02.2023 09:00 to We 22.02.2023 12:00
- Registration is open from Mo 27.02.2023 09:00 to Tu 28.02.2023 12:00
- Deregistration possible until Fr 17.03.2023 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Date of midterm exam: May 2nd 16:45-18:15 (OMP HS5)
Date of final exam: June 6th 16:45-18:15 (OMP HS5)
Tuesday
07.03.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
14.03.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
21.03.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
28.03.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Friday
31.03.
09:45 - 11:15
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
18.04.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
25.04.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
02.05.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Friday
05.05.
09:45 - 11:15
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
09.05.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
16.05.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
23.05.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Friday
26.05.
09:45 - 11:15
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
06.06.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
13.06.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
20.06.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
27.06.
16:45 - 18:15
Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
Information
Aims, contents and method of the course
The course covers some of the most important issues in international economics. It will discuss the related theoretical and empirical approaches, and apply them to questions of interest in 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 85% a 1.
Examination topics
The topics treated are international trade (gravity, comparative advantage, increasing returns, heterogeneous firms, trade and growth) and international finance (current account, international capital markets and their imperfections, financial crises).
Reading list
Anderson, J.E., & E. van Wincoop (2002): “Gravity with Gravitas: A Solution to the Border Puzzle,” American Economic Review, 93(1), pp. 170-192
Anderson, J.E. (2011): “The Gravity Model,” Annual Review of Economics, 3(1), pp. 133-160
Jacks, D.S., C.M. Meissner & D. Novy (2011): “Trade Booms, Trade Busts, and Trade Costs,” Journal of International Economics, 83, pp. 185-201
Bernhofen, D.M. & J.C. Brown (2004): “A Direct Test of the Theory of Comparative Advantage: The Case of Japan,” Journal of Political Economy, 112(1), pp. 48-67
Eaton, J., & S. Kortum (2002): “Technology, Geography, and Trade,” Econometrica, 70, 5, pp. 1741-1779
Eaton, J., & S. Kortum (2012): “Putting Ricardo to Work,” Journal of Economic Perspectives, 26(2), pp. 65-90
Obstfeld, M., & K. Rogoff (1996): Foundations of International Macroeconomics, MIT Press, chapter 1,2,4-9
Costinot, A., D. Donaldson, M. Kyle & H. Williams (2019): “The More We Die, the More We Sell? A Simple Test of the Home-Market Effect,” Quarterly Journal of Economics, 134(2), pp. 843-894
Brülhart, M. (2009): “An Account of Global Intra-industry Trade, 1962–2006,” World Economy 32(3), PP. 401-459
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., & A.J. Venables (1995): “Globalization and the Inequality of Nations,” Quarterly Journal of Economics, 110(4), pp. 857-880
Bernard, A.B., J.B. Jensen, S.J. Redding & 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
Melitz, M.J., & D. Trefler (2012): “Gains from Trade when Firms Matter,” Journal of Economic Perspectives, 26(2), pp. 91-118
Acemoglu, D. (2009): Introduction to Modern Economic Growth, Princeton University Press, chapter 19
Acemoglu, D., & J. Ventura (2001): “The World Income Distribution,” Quarterly Journal of Economics, 11(2), pp. 659-694
Krugman, P.R. (1979): “A Model of Innovation, Technology Transfer, and the World Distribution of Income,” Journal of Political Economy, 87(2), pp. 253-266
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
Ventura, J. (1997): “Growth and Interdependence,” Quarterly Journal of Economics, 112, pp. 57-84
Cuñat, A., & R. Zymek (2023): “Bilateral Trade Imbalances,” https://sites.google.com/site/alecunat/research
Lane, P., & G.M. Milesi-Ferretti (2008): “International Investment Patterns,” Review of Economics and Statistics, 90(3), pp. 538-549
Obstfeld, M., & K. Rogoff (2001): “The Six Major Puzzles in International Macroeconomics. Is There a Common Cause?” NBER Macroeconomics Annual 2000
Broner, F., A. Martín & J. Ventura (2010): “Sovereign Risk and Secondary Markets,” American Economic Review, 100(4), pp.1523-1555
Broner, F., & J. Ventura (2016): “Rethinking the Effects of Financial Globalisation,” Quarterly Journal of Economics, pp. 1497-1542
Chang, R., & A. Velasco (2001): “A Model of Financial Crises in Emerging Markets,” Quarterly Journal of Economics, pp. 489-517
Lorenzoni, G. (2014): “International Financial Crises,” in Gita Gopinath, Elhanan Helpman and Kenneth S. Rogoff (eds.), Handbook of International Economics, 4, chapter 12, pp. 689-740
Morris, S., & H.S. Shin (1998): “Unique Equilibrium in a Model of Self-fulfilling Currency Attacks,” American Economic Review, 88, pp. 587-597
Anderson, J.E. (2011): “The Gravity Model,” Annual Review of Economics, 3(1), pp. 133-160
Jacks, D.S., C.M. Meissner & D. Novy (2011): “Trade Booms, Trade Busts, and Trade Costs,” Journal of International Economics, 83, pp. 185-201
Bernhofen, D.M. & J.C. Brown (2004): “A Direct Test of the Theory of Comparative Advantage: The Case of Japan,” Journal of Political Economy, 112(1), pp. 48-67
Eaton, J., & S. Kortum (2002): “Technology, Geography, and Trade,” Econometrica, 70, 5, pp. 1741-1779
Eaton, J., & S. Kortum (2012): “Putting Ricardo to Work,” Journal of Economic Perspectives, 26(2), pp. 65-90
Obstfeld, M., & K. Rogoff (1996): Foundations of International Macroeconomics, MIT Press, chapter 1,2,4-9
Costinot, A., D. Donaldson, M. Kyle & H. Williams (2019): “The More We Die, the More We Sell? A Simple Test of the Home-Market Effect,” Quarterly Journal of Economics, 134(2), pp. 843-894
Brülhart, M. (2009): “An Account of Global Intra-industry Trade, 1962–2006,” World Economy 32(3), PP. 401-459
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., & A.J. Venables (1995): “Globalization and the Inequality of Nations,” Quarterly Journal of Economics, 110(4), pp. 857-880
Bernard, A.B., J.B. Jensen, S.J. Redding & 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
Melitz, M.J., & D. Trefler (2012): “Gains from Trade when Firms Matter,” Journal of Economic Perspectives, 26(2), pp. 91-118
Acemoglu, D. (2009): Introduction to Modern Economic Growth, Princeton University Press, chapter 19
Acemoglu, D., & J. Ventura (2001): “The World Income Distribution,” Quarterly Journal of Economics, 11(2), pp. 659-694
Krugman, P.R. (1979): “A Model of Innovation, Technology Transfer, and the World Distribution of Income,” Journal of Political Economy, 87(2), pp. 253-266
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
Ventura, J. (1997): “Growth and Interdependence,” Quarterly Journal of Economics, 112, pp. 57-84
Cuñat, A., & R. Zymek (2023): “Bilateral Trade Imbalances,” https://sites.google.com/site/alecunat/research
Lane, P., & G.M. Milesi-Ferretti (2008): “International Investment Patterns,” Review of Economics and Statistics, 90(3), pp. 538-549
Obstfeld, M., & K. Rogoff (2001): “The Six Major Puzzles in International Macroeconomics. Is There a Common Cause?” NBER Macroeconomics Annual 2000
Broner, F., A. Martín & J. Ventura (2010): “Sovereign Risk and Secondary Markets,” American Economic Review, 100(4), pp.1523-1555
Broner, F., & J. Ventura (2016): “Rethinking the Effects of Financial Globalisation,” Quarterly Journal of Economics, pp. 1497-1542
Chang, R., & A. Velasco (2001): “A Model of Financial Crises in Emerging Markets,” Quarterly Journal of Economics, pp. 489-517
Lorenzoni, G. (2014): “International Financial Crises,” in Gita Gopinath, Elhanan Helpman and Kenneth S. Rogoff (eds.), Handbook of International Economics, 4, chapter 12, pp. 689-740
Morris, S., & H.S. Shin (1998): “Unique Equilibrium in a Model of Self-fulfilling Currency Attacks,” American Economic Review, 88, pp. 587-597
Association in the course directory
Last modified: Mo 08.05.2023 15:26