- GRA 6649
- 6 Credits
This course offers an advanced introduction to the major theories of international trade, thereby providing critical insight in the functioning of our globalized economy and the breeding grounds for resentment against this globalization. Specifically, these major trade theories enhance our understanding of first, the aggregate and distributional consequences of international trade. Second, they shed light on the interplay between firm dynamics and international trade: the role firms play in shaping outcomes of international trade, and how trade affects the distribution of economic activity across firms.
Main topics are
- comparative advantage and gains from trade
- new trade theory based on monopolistic competition and increasing returns to scale
- firm in international trade
- international trade, factor mobility and foreign direct investments
- international trade and growth
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