International Trade I

General Information:

 

Outline:

This is a Master-level course introducing the concepts and models of international trade theory. The lectures will be complemented by tutorials, discussing the implementations of theoretical models for case studies and empirical research. 

The lectures cover the economic theory that underpins the understanding of international trade fundamentals: why countries trade, what determines trade patterns, and what the implications of trade are. The course introduces theoretical models along with the empirical studies helping students develop capabilities to participate in discussions related to international trade, formulate own questions and opinions, and analyze real-world developments. 
The topics included in this course are:
• Classical Trade Theory: Absolute and comparative advantage, Factor productivity, Resource endowments and Trade, Gains from trade, Gravity model of trade 
• Elements of the International Trade Policy: Instruments of trade policy, trade wars