Syllabus - Summer 2022
Introduction
Gravity Models of Trade
Labor Productivity and Comparative Advantage: The Ricardian Model
A General Equilibrium Model of Exchange: The Edgeworth Box
Winners & Losers from Trade: Specific Factors & Income Distribution
Autor/Dorn/Hanson China Shock
Resources & Trade: The Heckscher-Ohlin Model
Labor mobility
Standard Model of International Trade
Kremer’s O-Ring Theory of Development
External Economies of Scale and International Location of Production
Firms in the Global Economy
Outsourcing and Supply Chains
Instruments of Trade Policy
Conclusion