7 ECTS / 60 hours (including tutorial and exams) Course Description
Office Hours: on appointment
Tutorials: Every Monday 18:00-20:00 in V8-119
(ONCE ONLY: first meeting is on Wednesday, 16 April, 14:00-16:00 in W8-107)
• Important Dates:
Starts on: April 14, 2014 Ends: July 16, 2014
Midterm exam: TBA Final exam: TBA
Grading: 50% midterm, 50% final.
Students will receive full credit, dealing with the working papers, providing the papers to the tutors, and by
regularly attending the tutorials.
• Content of the Course:
1. Old trade: Ricardo, Heckscher-Ohlin,Specific Factors
2. "New" trade theory: increasing returns
3. Trade Policy
4. Pareto gains from trade
5. Political Economy of Trade Policy
6. The GATT/WTO
7. Preferential Liberalization: Custom Unions and FTAs
8. The gravity equation
9. New new trade: heterogeneous firms
10. Economies of scope and trade
11. Product quality and trade
12. Economic Geography
13. Outsourcing and FDI
15. Labor and Trade
16. Environment and Trade
The required textbook for this class is
Advanced International Trade: Theory and Evidence by Robert C. Feenstra, Princeton University Press, 2004.
Additional readings will be provided as we go along, at the rate of approximately 2 articles a week. These will be handed out in class and/or (depending on class size) linked to on the class webpage if they are available online.
Good knowledge of microeconomics will be helpful, and prior exposure of international trade is a plus.
Updated: March, 2014