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Macroeconomics 2

7 ECTS / 60 hours (including tutorial and exams) Course Description


Gerald Willmann


Contact: Room V8-112. Email. Homepage.

Office Hours: on appointment

Class: Every Monday 16:00-18:00 in V2-213 and every Wednesday 10:00-12:00 in U2-205
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

14. Immigration

15. Labor and Trade

16. Environment and Trade


References:

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. 


• Prerequisites

Good knowledge of microeconomics will be helpful, and prior exposure of international trade is a plus. 


Updated: March, 2014