This is an advanced course in the theory of international trade. We will cover positive and normative aspects of standard and new trade theory, along with recent developments in the literature. Microeconomics (3010 or 4010) is required, and mathematical economics (4310) is recommended. A complete syllabus for the class is here. All lecture notes are in PDF format.
Topic 01: Course Outline
Topic 02: Preliminaries
Topic 03: The Ricardian Model
Topic 06: The Factor Proportions Model Part II
Topic 08: The Standard Model and Applications
Topic 10: Monopolistic Competition
Topic 11: Standard Theory of Commercial Policy
Assignment 1: Patterns of Trade. Due date is October 3.
Assignment 2: Ricardian and Specific Factors Models. Due date is November 5.
Assignment 3: Reciprocal Dumping Extensions. Due date is November 26.
Assignment 4: Tariffs and Growth. Due date is no later than December 13.