040842 UK International Trade (2013W)
International Trade
Continuous assessment of course work
Labels
This is a course for master (Magister) students in economics. Good knowledge of microeconomics at the master level (consumption and production theory, basic concepts of general equilibrium) and basic knowledge of econometrics are required.
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 Fr 06.09.2013 09:00 to Fr 20.09.2013 14:00
- Registration is open from We 25.09.2013 09:00 to Th 26.09.2013 17:00
- Deregistration possible until Mo 14.10.2013 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
- Tuesday 01.10. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 08.10. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 15.10. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 22.10. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 29.10. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 05.11. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 12.11. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 19.11. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 26.11. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 03.12. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 10.12. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 17.12. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 07.01. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 14.01. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 21.01. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 28.01. 12:00 - 14:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Information
Aims, contents and method of the course
The course is an introduction to international trade at the graduate (=master) level. No previous knowledge of trade theory is required, but the material will be presented in a rigorous and formal way. We will discuss the ideas of comparative advantage and gains of trade and some of the workhorse models of international trade, such as the Ricardian model (sectoral productivity differences), the Heckscher-Ohlin model (differences in factor endowments), the Krugman model of intra-industry trade (increasing returns), and trade models with firm-level heterogeneity in productivity (Melitz, 2003). We will also cover trade policy and trade agreements. Some emphasis will be given to studying the empirical relevance of different trade models and their implications.
Assessment and permitted materials
Evaluation will be based o a midterm exam (40%), a final exam (40%) and problem sets (20%). Students can deregister from the course until the end of October.
Minimum requirements and assessment criteria
The goal of the course is to make students familiar with the basic models and methods used in modern international trade at the graduate level.
Examination topics
The course will have a lecture structure.
Reading list
Textbooks:No single textbook covers all topics adequately. Some useful references are:Dixit, A.K. and V. Norman (1980): Theory of International Trade, Cambridge University Press. (DN)Feenstra, R.C. (2004): Advanced International Trade: Theory and Evidence, Princeton University Press. (F)Helpman, E. and P.R. Krugman (1985): Market Structure and Foreign Trade, MIT Press. (HK1)Helpman, E. and P.R. Krugman (1989): Trade Policy and Market Structure, MIT Press. (HK2)For an introductory treatment of the material -- too basic for the level of the course but adequate for getting the basic ideas:Feenstra R.C, and A. Taylor (2008): International Economics, Worth Publishers.Krugman, P.R. and M. Obstfeld (2007): International Economics, Addison-Wesley.Syllabus:1) The Ricardian Model Relative Productivity DifferencesF, Chapter 1Dornbusch, R., S. Fischer and P. Samuelson (1977): Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods, American Economic Review, December.2) The Heckscher-Ohlin Model Relative Factor Endowment DifferencesF, Chapters 1-3HK1, Chapter 1Trefler, D. (1995): "The Case of Missing Trade and Other Mysteries," American Economic Review 85, 1029-1046.3) Increasing Returns, New Trade Theory and the Gravity EquationF, Chapter 5HK1, Chapters 3, 6-9Krugman, P.R. (1979): Increasing Returns, Monopolistic Competition, and International Trade, Journal of International Economics, November 9 (4), 469-479.Krugman, P.R. (1980): Scale Economies, Product Differentiation, and the Pattern of Trade, American Economic Review 70, 950-959.Trefler, D. (2004): "The Long and Short of the Canada-U.S. Free Trade Agreement," American Economics Review, 870-895.4) Heterogeneous Firms and TradeMelitz, Marc (2003): "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, vol. 71(6), 1695-1725.5) Trade Policy & Trade AgreementsF, Chapters 6-8HK2, Chapters 1, 6Venables, A. (1987): "Trade and Trade Policy with Differentiated Products: A Chamberlinian-Ricardian Model", Economic Journal 97, 700-717.Bagwell, K. and R. W. Staiger (1999), "An Economic Theory of GATT", American Economic Review 89, 215-48.
Association in the course directory
Last modified: Mo 07.09.2020 15:29