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General Information

Lecture: Wednesday, 08.15 - 09.45, V
Tutorial: Wednesday (fortnightly), 11.30 - 13.00, SFo1
Credit Points: Depending on course of studies
Grading Final exam (75%), presentation (25%)
Office: Templergraben 64, 6th floor, phone: 80-93931
Office hours: Thursday, 10.00 - 11.00, or by appointment
Email: lorz@rwth-aachen.de
Webpage: www.iw.rwth-aachen.de


Contents of the Course

This course provides a deeper understanding of the causes and effects of international trade. We will begin by reviewing the textbook models of international trade and discuss some important extensions. We will then deal with additional topics such as trade with heterogeneous firms or offshoring.

 

Preliminary Outline

  1. Ricardian Trade Theory
  2. Heckscher-Ohlin Trade Theory
  3. Heckscher-Ohlin-Vanek Model
  4. Intra-Sectoral Trade
  5. Trade with Heterogeneous Firms
  6. Fragmentation and Offshoring
  7. International Outsourcing
  8. Current Topics in International Trade

 

References

Bhagwati, J.N., T.N. Panagariya and A. Srinivasan (1998). Lectures in International Trade. MIT Press, 2nd Edition.

Feenstra, R. (2003). Advanced International Trade: Theory and Evidence. Princeton University Press.

Further references will be provided during the course.