Macroeconomics of Open Economy (Spring - Summer 24/25):

Presentations for selected topics:

• Tutorial 1:  Introduction and small open economy model

• Tutorials 2 + 3: Exchange rates

• Tutorials 4 + 5: National income and balance of payments

• Tutorial 6: Long-run exchange rate determination

Solutions to problem sets:

• Tutorials 1 + 3 (basic MOE model problems)

• Tutorials 4 + 5 (national income and BOP)

• Tutorial 6 (long-run exchange rate determination)

• Tutorial 7 (short-run exchange rate determination)

• Tutorial 8 (various problems on interest rates and exchange rates)

• Tutorial 9 (Marshall-Lerner condition)

• Tutorial 10 (Mundell-Fleming model)

• Extra problems

Computer lab:

• Lab description and tasks

• Materials

International Trade Theory and Policy (Autumn - Winter 24/25):

• Course outline

• Tutorial 0: Revision of basic microeconomics

• Tutorial 1: The gravity equation and its application

1. Solutions for T1

2. Estimation script (R)

• Tutorial 2: Ricardian model (part 1)

1. Solutions for T2

• Tutorial 3: Ricardian model (part 2)

1. Solutions for T3

• Tutorial 4: Specific factors model

1. Solutions for T4

2. R script that computes P given K/L ratio.

• Tutorial 5: Heckscher-Ohlin model (part 1)

1. Solutions for T5

• Tutorial 6: Heckscher-Ohlin model (part 2: GE model)

1. Solutions for T6

2. HOS model simulation

3. Lerner diagram extra reading (credit: Alan Deardorff)

• Tutorial 7: New Trade Theory (part 1: oligopoly)

1. Solutions for T7

• Tutorial 8: New Trade Theory (part 2: monopoly)

1. CES utility (separate solutions for i) two discrete goods, ii) N discrete goods, iii) elasticity, iv) continuum of goods)

2. Solutions for T8

• Tutorial 9: New Trade Theory (part 3: productivity)

1. Solutions for T9

• Tutorial 10: Multinational firm and foreign direct investment

1. Solutions for T10

• Tutorial 11: Trade policy (part 1)

1. Solutions for T11

• Tutorial 12: Trade policy (part 2)

1. Solutions for T12

• Extra practice problems

• Colloquium solutions

Microeconomics III (Autumn - Winter 23/24):

• Course outline

• Tutorial 1: Partial equilibrium

• Tutorial 2:  Government intervention

• Tutorial 3: General equilibrium (Additional graphs and geometric explanation: here [credit: Paolo Crosetto])

• Tutorial 4: Theorems of welfare economics 

• Tutorial 5: Production and general equilibrium

• Tutorial 6: Welfare

• Tutorial 7: Externalities - slides

• Tutorial 7: Externalities - problems

• Tutorial 8: Public goods - slides

• Tutorial 8: Public goods - problems

• Tutorial 9: Asymmetric information - adverse selection 

• Tutorial 9: Asymmetric information - signalling

Homework:

• Problem set 1 - Solutions

• Problem set 2 - Solutions

Presentation:

• Task description, format, structure, and tips

• Group assignments