| Detailed information |
| Original study plan |
Master's programme Economics (Economic Policy Analysis) 2022W |
| Objectives |
The goal of this course is to gain a basic understanding of both traditional and new trade theory. After the course, students should be able to explain the main theories and empirical findings from the international trade literature. They should also be able to work with the formal models used in international trade at a basic level, and apply theoretical concepts to policy questions.
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| Subject |
Comparative advantage and the Ricardian model. Factor abundance and the Heckscher-Ohlin model. Increasing returns to scale and monopolistic competition and the Krugman model. Heterogeneous firms and the Melitz model. The gravity equation.
|
| Criteria for evaluation |
Exam and homework exercises
|
| Language |
English |
| Study material |
Robert Feenstra (2016), Advanced International Trade: Theory and Evidence, Princeton University Press. Van Marrewijk (2012), International Economics, Theory, Application, and Policy, Oxford University Press.
|
| Changing subject? |
No |
| Is completed if |
2IOMEHIK / 971ATECATPK17: KS Advanced Trade Policy (4 ECTS)
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