Applied international trade

Aims of the course

• Familiarize students with recent developments in the field of trade, 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 and capital flows 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. Ricardo-Torrens-Mill (RTM) model: matemathical treatment and empirical verification
2. Heckscher-Ohlin-Samuelson (HOS) model: matemathical treatment and empirical verification
3. Panagariya-Markusen-Melvin (PMM) models with external economies of scale: matemathical treatment and empirical verification
4. Helpman-Krugman-Ethier (HKE) models with internal economies of scale: matemathical treatment and empirical verification
5. Grossman-Helpman (GH) models of technology, endogenous growth and trade: matemathical treatment and empirical verification
6. Brainard-Markusen-Venables (BMV) models of international mobility of capital and multinational firm: matemathical treatment and empirical verification
7. Krugman-Venables (KV) models of new economic geography: matemathical treatment and empirical verification
8. Helpman-Melitz (HM) models of firm heterogeneity and dynamic export vs. FDI decision
9. Empirical research papers regarding firms’ decision to exports, learning from trade and expansion in foreign markets.

Course director(s)