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: Introduction to GAMS
Topic 04: The Ricardian Model
Topic 05: The Specific Factors Model
Topic 06: The Factor Proportions Model
Topic 07: Theory of Commercial Policy
Assignment 1: Demand and Supply for a Closed and Open Economy. Here is my program. Yours may look a bit different, but so long as it gets the right solution that is fine.
Assignment 2: Growth and Demand in the Ricardian Model. Here is the program you need to use. Due date is Tuesday October 20.
Assignment 3: The Shape of the Long Run Production Possibilities. Due date is Tuesday November 24. The GAMS program you need is in the links below.
Assignment 4: Tariffs and Other Trade Interventions. Due no later than Friday December 18. The GAMS program you need is here.
GAMS program for closed/open world economy in partial equilibrium. Remember that this is for reference only. With programming, as with anything, practice is what makes perfect! If you haven't already, make sure that you have a working GAMS system for class by Thursday.
REMINDER: Your first midterm examination is scheduled for October 8 (Thursday). The format is 4 short essay questions. You must answer all 4 questions. Here are some sample questions that might help you gauge the level of difficulty/type of problems that might be asked. Also remember that there is no class on October 6 (Tuesday). You should use the time to prepare for your first midterm.
GAMS program for HOS economy. For now I just want you to download, verify that it runs and play around a little bit. Formal questions will follow soon...
REMINDER: Your second midterm examination is scheduled for December 3 (Thursday). The format is the same as the first midterm. Here are some sample questions that might help you gauge the level of difficulty/type of problems that might be asked.
John P. Gilbert >