Handbook

This course provides a theoretical analysis of international trade topics with references to empirical evidence. The course covers the main theories of international trade and international trade policy. You will learn the main empirical patterns of current international trade and how to access sources of this information. You will become familiar with the concept of comparative advantage, and study models showing how technological differences, differences in resource endowments, and economies of scale determine trade patterns and income distribution. The effects of various trade policy instruments on welfare will be analysed. You will acquire the problem-solving skills necessary to analyse these and similar matters.