Syllabus
2016 final exam and solution
Introduction:
Globalization in the Data
Part 1: Neoclassical
Trade Models
Ricardian Comparative
Advantage
- Lecture notes
- Ricardo model spreadsheet simulator
- 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
Factor Endowments:
the 2*2*2 HOS model
Factor Endowments:
More goods, More Factors
- Lecture notes
- 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
The
"Modern" Neoclassical Trade Model: Eaton and Kortum (2002)
Part 2: Imperfect
Competition and Trade in Differentiated Varieties
Trade
in Differentiated Varieties: The Krugman Model
- Lecture notes
- References:
- Handbook of International Economics, Chapter 1
- Krugman (1980), "Scale Economies, Product Differentiation and the Pattern of Trade,"
American Economic Review
Heterogeneous
Firms: The Melitz Model
- Lecture notes
- Analytical appendix
- References:
- Handbook of International Economics, Chapter 1
- Melitz (2003), "The Impact of Trade on Intra-Industry
Reallocations and Aggregate Industry Productivity,"
Econometrica
Part 3: Topics in
International Trade
The
Gravity Equation
Quantifying
the Gains from Trade
Fragmentation and
Trade in Value Added
- Lecture notes
- 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)