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International Trade

 

Syllabus

Introduction: Globalization in the Data

Part 1: Neoclassical Trade Models

Ricardian Comparative Advantages

  • Course
  • References:
    • Feenstra (2003), Chapter 1
    • Dornbusch, Fischer, Samuelson (1977), Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods, American Economic Review

Factoral Endowments: the 2*2*2 HOS model

  • Course
  • References:
    • Feenstra (2003), Chapters 1-2

Factoral Endowments: More goods, More Factors

  • Course
  • References:
    • Feenstra (2003), Chapter 3
    • Dornbusch, Fischer, Samuelson (1980), Heckscher-Ohlin Trade Theory with a Continuum of Goods, Quarterly Journal of Economics
Empirical Performance of Neoclassical Trade Models
  • Course
  • References:
    • Feenstra (2003), Chapter 3
The "Modern" Neoclassical Trade Model: Eaton and Kortum (2002)
  • Course
  • Analytical appendix
  • References:
    • Eaton and Kortum (2002), "Technology, Geography and Trade", Econometrica, Vol. 70(5): 1741-1779

Part 2: Imperfect Competition and Trade in Differentiated Varieties

Trade in Differentiated Varieties: The Krugman Model

  • Course
  • References:
    • Handbook of International Economics, Chapter 1
    • Krugman, 1979, "Increasing returns, monopolistic competition, and international trade," Journal of International Economics

Heterogeneous Firms: The Melitz Model

  • Course
  • Analytical appendix
  • References:
    • Handbook of International Economics, Chapter 1
    • Melitz, 2003, "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica
    • Handbook of International Economics, Vol 4, Chapter 1


Part 3: Topics in International Trade

The Gravity Equation

  • Course
  • References:
    • Handbook of International Economics, Vol 4, Chapter 3

Quantifying the Gains from Trade

  • Course
  • References:
    • Handbook of International Economics, Vol 4, Chapter 4
    • Arkolakis et al, 2012. ``New Trade Models, Same Old Gains?'' American Economic Review, 102(1):94-130. Appendix

Trade, Welfare and Volatility

Fragmentation: Trade in Value Added

  • Course
  • References:
    • R. Johnson and G. Noguera (2012), "Accounting for Intermediates: Production Sharing and Trade in Value Added," Journal of International Economics, 86(2)
    • G. M. Grossman and E. Rossi-Hansberg (2008), "Trading Tasks: A Simple Theory of Offshoring," American Economic Review, 98(5)