- to prepare students for future careers in policy and research that require understanding of the global economic processes
- to develop a critical understanding of economic theory, empirical evidence and key phenomena relevant to the role of international trade in a globalized world
- to introduce the key models economists use to think about international trade and build understanding through math, graphs and economic intuition
- to confront the discussed models with empirical data and anecdotal evidence
- be familiar with the main trade models that explain trade between different countries
- be familiar with the Krugman model that explains trade between similar countries
- understanding the approaches used to measure the gains from trade
- understanding the implications of different trade policies for economic well-being of different agents: consumers, firms, the government
- understanding the role of multinational companies, foreign direct investment, international offshoring in a globalized world
- develop critical thinking about economic matters related to international trade
- Comparative Advantage and TradeThe role of differences in technologies and factor endowments in explaining trade patterns.
- Increasing Returns To Scale and TradeThe role of increasing returns to scale in explaining trade patterns and volumes
- The Magnitude of the Gains from TradeWe will try to understand what the size of the gains from trade can be.
- International Trade Policy Under Perfect CompetitionThe effects of different policies on welfare in a perfectly competititve enviroment
- Different Consequences of International TradeHere we explore different consequences of international trade on some developing countries such as Mexico, India, Bangladesh.
- Assorted Topics in International Trade
- Interim assessment (2 module)0.53 * Final test + 0.18 * Homeworks + 0.29 * Midterm test
- International economics : theory and policy, Krugman P. R., Obstfeld M., 1997
- International economics : theory and policy, Krugman P. R., Obstfeld M., 2015
- Robert C. Feenstra. (2015). Advanced International Trade: Theory and Evidence Second Edition. Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.pup.pbooks.10615
- Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946