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: Scope of Trade Theory
Topic 03: Some Core Concepts
Topic 04: The Ricardian Model
Topic 05: Specific Factors Model (Part I)
Topic 06: Specific Factors Model (Part II)
Topic 07: Specific Factors Model (Part III)
Topic 08: Specific Factors Model (Part IV)
Topic 09: HOS Model (Part I)
Topic 10: HOS Model (Part II)
Topic 11: HOS Model (Part III)
Topic 12: The Gains from Trade Theorem
Topic 13: Implications of External Economies
Topic 14: Reciprocal Dumping
Assignment 01: Due date is September 22.
Assignment 02: Due date is October 11.
Assignment 03: Due date is October 27. Extended to November 1.
Assignment 04: Due date is November 17.
Assignment 05: Due no later than December 9.
September 8: Here is the Excel sheet we worked on in class.
September 28: Here is the Excel sheet for the Specific Factors model.
August 26: First class is on Tuesday August 30 at 10:30 in Huntsman Hall 160. See you there.
September 28: Your first midterm is scheduled for Thursday October 6, in class. To help you prepare, here are four practice questions from previous midterm examinations. Please do not ask for solutions, the questions and how to best answer them, are for you to think about. On Tuesday October 4 there will not be a class. You should use that time to prepare for the midterm.
November 23: Your second midterm is scheduled for Thursday December 1, in class. To help you prepare, here are four practice questions from previous midterm examinations. Please do not ask for solutions, the questions and how to best answer them, are for you to think about. Enjoy the Thanksgiving break.
December 7: Unfortunately I do have to cancel class tomorrow morning. Thanks for a great semester. You can drop off assignments directly to me in the afternoon or Friday, or leave them in the main office.
John P. Gilbert >