Content
This course, built on the concepts and models of international trade theory, introduces the major
instruments and rational for the international trade policy, examines the implications of such
policies for international organizations, multinational firms, and capital allocation or investments.
The lectures will be complemented by seminars or tutorials, discussing the implementations of
theoretical models for case studies and empirical research.
Learning outcomes
Upon successful completion students will be able to understand and participate in international
trade policy debates, analyze strategies of multinational firms, and development of international
supply chains.
Examination
The examination consists of a presentation of the case study results, including a written report and
in-class presentation. The reports are a means to assess the students’ understanding of theories
and methods, their ability to apply them to real-world problems.
Prerequisites
Microeconomics 1
Teaching & learning methods
The lectures review the advances in international trade theory, models to understand and analyze
international trade policies and its implications. Special attention will be given to the behavior and
impact of trade on multinational firms international, international trade wars, link between trade
and endogenous growth. The course develops analytical instruments required to understand and
analyze empirical evidence and real-world problems.
Media & reading list
• International Economics Theory & Policy by Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz,
Pearson, 2017.
• International Trade: Theory and Evidence by James Markusen, James Melvin, William Kaempfer,
and Keith Maskus, McGraw Hill, Boston, 1995.
• Advanced International Trade by Robert C. Feenstra, Princeton University Press, Princeton,
2004.
• International Trade Theory: Capital, Knowledge, Economic Structure, Money, and Prices over
Time by Wei-Bin Zhang, Springer-Verlag, 2008.
• Handbook of International Trade, edited by E. Kwan Choi and James Harrigan, Blackwell, 2003.
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