8291 - INTERNATIONAL TRADE
MM-LS - OSI-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - CLEACC-LS - DES-LS - CLG-LS - M-LS
Department of Economics
Course taught in English
PAOLO EPIFANI
Course Objectives
The main focus of the course is on the applied theory of international trade and the empirical test of trade models. Its main aim is to train experts in applied theory able to analyze complex issues related to the globalization of goods and factor markets. To this aim, the course will provide a detailed illustration of the models and methodologies most commonly used in the analysis of international trade. The course is mainly addressed to graduate students who possess notions of macroeconomics and microeconomics at an intermediate level, and some basic notions of statistics and econometrics.
Course Content Summary
- Main properties of C.E.S. and Cobb-Douglas production and utility functions
- Two-sector models and models with a continuum of goods with perfect competition
- Models with increasing returns, imperfect competition and heterogeneous firms
- Eclectic models with costly trade
- Economic geography and the gravity model
- Trade, technology and wage inequality
- Offshoring and foreign direct investment
- Trade, growth and institutions
Detailed Description of Assessment Methods
Written exam
Textbooks
- R.C. Feenstra, (2004). Advanced International Trade. Theory and Evidence, Princeton University Press, Princeton.
- Additional readings will be available at the beginning of the course.
For further and continuously updated information consult the IEP web site or
contact S.I.D. - Servizio Informazioni Didattica - Institute of Economics -
via Gobbi, 5 - Room 313.