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| Detailed information |
| Original study plan |
Diploma programme (*)Wirtschaftswissenschaften 2009W |
| Objectives |
Course objectives include gaining base knowledge of both traditional and new trade theory. After the course, students should be able to explain main theories and empirical findings from international trade literature. In addition, students should be able to work with (formal) models used in international trade theory at a basic level.
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| Subject |
The following topics will be covered:
(a) Comparative advantage
(b) Factor abundance
(c) Trade policy
(d) Imperfect competition
(e) Intraindustry trade and monopolistic competition
(f) Strategic trade policy
(g) Geographical economics
(h) Multinationals and foreign direct investment
(i) Gravity models
(j) Firm heterogeneity
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| Criteria for evaluation |
Grading will be based on a mid-term examination (40%), a final examination (45%) and homework assignments (15%).
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| Methods |
Lectures are held each week and every other week, half of the course time will be used to discuss homework assignments. Online sources, such as slides and transparencies will be made available to students via KUSSS.
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| Language |
English |
| Study material |
(a) Van Marrewijk, Charles (2007). International Economics, Theory, Application, and Policy. Oxford University Press, Chapters 3-11, 14-15,17. or Van Marrewijk, Charles (2012). International Economics, Theory, Application, and Policy. Second Edition. Oxford University Press, Chapters 3-11, 14-15,17.
(b) Articles on gravity models and firm heterogeneity
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| Changing subject? |
No |
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