4507: International Trade ( efterår 2010 - 10 ECTS )
Rammer for udbud
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Uddannelsessprog:
engelsk
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Niveau:
COURSE LEVEL: Elective MSc/IMSQE course
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Semester/kvarter:
SEMESTER FOR WHICH THE COURSE DESCRIPTION APPLIES: Fall 2010
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Timer per uge:
NUMBER OF HOURS PER WEEK: 4 lectures per week for 12 weeks
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Deltagerbegrænsning:
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Undervisningssted:
Århus
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Hovedområde:
Det Samfundsvidenskabelige Fakultet
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Udbud ID:
23337
Formål
LEARNING OBJECTIVES: The aim is that the student through this course becomes able to
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identify and explain motivations for trade, effects of trade policy and trade liberalizations and distributional consequences of trade, trade policy and trade liberalizations
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explain central mechanisms in the covered trade models
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compare, contrast and relate different trade models to each other
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apply the analytical tools/models of the course in an independent analysis of a specific problem within the topics covered
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reflect on the importance of assumptions and model structure for model results, and to evaluate how this affects the generality and applicability of the results
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reflect on the consequences of adding new features to known trade models
Indhold
COURSE DESCRIPTION: This course covers most recent research in international trade theory including topics of imperfect competition, firm heterogeneity, trade policies, trade liberalization, gains from trade, outsourcing, political economy and endogenous growth. The course will bring students to the forefront of knowledge in international trade and prepare them to read state of the art research papers and to undertake research of their own.
COURSE SUBJECT AREAS:
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1. Classic trade theory (brush up)
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2. New-trade theory
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3. Trade barriers and costs
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4. Trade policy
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5. Trade liberalization and the adjustment process
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6. Political economy of trade policy
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7. Trade and growth
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8. Outsourcing
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9. "New new trade theory" - new trade theory with heterogeneous firms
Faglige forudsætninger
REQUIRED COURSES (progression): International economics and growth and Micro 1
ADDITIONAL INFORMATION: This course may not appear on the same individual study programme as 2105 International trade due to overlap of the course content
Underviser
LECTURER: Allan Sørensen
Undervisnings- og arbejdsform
TEACHING METHOD: Lectures and problem sets
TEACHING LANGUAGE: English
Litteratur
LITERATURE:
Textbook:
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Feenstra, R. C., 2004, "Advanced international trade: theory and evidence", Princeton University Press, Chapters 5-11 (chapters 1-3 are cursory) (311 pages)
Articles
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Baldwin, R., 2006, "Globalisation: the great unbundling(s)", working paper
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Bernard, A.B., J.B. Jensen, S.J. Redding and P.K. Schott, 2007, "Firms in InternationalTrade, NBER Working Paper No. 13054
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Bernard, A.B., S.J. Redding and P.K. Schott, 2007, "Comparative Advantage and Heterogeneous Firms", Review of Economic Studies, vol. 74, 31-66
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Chaney, T., 2008, "Distorted Gravity: The Intensive and Extensive Margins of International Trade", American Economic Review, vol. 98, 1707-1721
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Davidson, C. and S. J. Matusz, 2000, Globalization and labour market adjustment: Howfast and at what cost?, Oxford Review of Economic Policy, vol 16., 42-56
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Dornbusch, R, S. Fisher, and P. A. Samuelson, 1977, Comparative Advantage, trade and Payments in a Ricardian Model with a Continuum of Goods, American Economic Review, vol. 67, 823-839
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Grossman, G.M. and E. Rossi-Handsberg, 2006, The Rise of Offshoring: It's Not Wine for Cloth Anymore, Forthcoming in Conference Volume: "The New Economic Geography: Effects and Policy Implications
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Krugman, Paul, 1980, "Scale Economies, Product Differentiation, and the Pattern of Trade, American Economic Review, vol. 75, 950-959
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Melitz, M.J., 2003, "The impact of trade on intraindustry reallocations and aggregate industry productivity, Econometrica, vol. 71, pp 1695-1725
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Melitz, M.J. and G.I.P. Ottaviano, 2008, "Market Size, Trade, and Productivity", Review of Economic Studies, vol. 75, p. 295-316
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Schröder P. and A. Sørensen, 2009, Second Thoughts on Exporter Productivity, working paper
A few new articles may be added to the list. Some articles will be covered in depth and others we will just brush through. Total number of article pages will be less than 500.
Bedømmelse
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Skriftlig, bedømt efter 7-skala med intern censur
5 xxxxx
FORM OF ASSESSMENT: 4 hour written exam
EXAMINATION AIDS ALLOWED: All - except any means of electronic communication equipment including calculators, mobile phones and PCs.
