Topics (Issues) in international trade and globalisation
Aims of the course
• Familiarize students with recent developments in the field of trade and policy, including the most recent contributions dealing with the topical issues of global economy.• Provide students with contemporary tools for the analysis of the main issues concerning international trade in the age of globalization.
• Secure students’ understanding of effects and causes behind complex global processes.
• Help build students’ competencies to address the challenges that globalization raises for individuals, businesses, nations, and the world economy.
Course syllabus
1. Firm Heterogeneity and International Trade: trade liberalization and intra-industry reallocations, selection process, comparative advantages and heterogeneous firms2. Exporters’ Behaviour in global markets: export diversification, product-market mix dynamics, exporting and firm performance
3. Multinational firms, Integration vs. Outsourcing, and Incomplete Contracts: FDI and multinationals, firm organization and trade, contract enforcement and intellectual property rights protection
4. Global supply chains: changing patterns of global production, domestic value added of exports, development implications
5. Economic geography: location, production networks, spatial and urban economies, regional development
6. Gravity and Trade Costs: proper specification of gravity model, the intensive and extensive margins, border puzzle, information frictions in trade
7. Trade and Labour Market: migration and wage inequality, trade and income inequalities, costs of redistribution, labour market polarization
8. Trade, Growth and Institutions in global markets: trade and growth causalities, technology diffusion, trade and institutional change
9. Granularity, impact of firm-level hubs on the propagation of trade shocks and aggregate output fluctuations
10. Globalization and Trade Policy, Economic Integration Processes and New Global Economic Order
Course director(s)
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