International Trade Theory and Policy
This course examines international trade from two perspectives. The first covers the main trade theories explaining why countries engage in global markets. The second analyzes trade policy, its role in advancing national objectives, its relationship with political economy, and its implications for developing economies, structural transformation, and migration.
- Week 1 — Introduction: World Trade and the Gravity Model
- Week 2 — Comparative Advantage: The Ricardian Model (Part 1)
- Week 3 — Comparative Advantage: The Ricardian Model (Part 2)
- Week 4 — The Heckscher-Ohlin Model
- Week 5 — Income Distribution and the Specific Factors Model
- Week 6 — The Standard Trade Model
- Week 7 — External Economies of Scale
- Week 8 — Internal Economies of Scale
- Week 9 — Trade Policy
- Week 10 — Trade Policy and Political Economy
- Week 11 — Trade Agreements and Trade Wars
- Week 12 — Review