14.581 International Economics I, Spring 2011
Author(s)Donaldson, Dave; Costinot, Arnaud
International Economics I
MetadataShow full item record
This course covers, with a focus on both theory and empirics, advanced topics in international trade (as well as inter-regional trade and economic geography). It includes the study of positive issues, such as: Why do countries trade? What goods do countries trade? What are the implications of openness for the location of production, industries, occupations, and innovative activity? And, what impedes trade and why do some countries deliberately erect policy impediments to trade? The course also concerns normative issues, such as: Is trade openness beneficial to a representative agent? And, Are there winners and losers from trade and if so, can we identify them? Throughout, these issues are approached in neoclassical settings as well as those with market failures, at the industry-level as well as the firm-level, and in the presence of both mobile and immobile factors (e.g., foreign direct investment (FDI), offshoring of tasks, multinational firms and immigration).
international economics, international trade, Ricardian model, law of comparative advantage, Ricardo-Viner model, Heckscher-Ohlin model, neoclassical trade theories, monopolistic competition, trade theory, firm-level heterogeneity, foreign investment, gravity models, trade and growth, labor markets, offshoring, fragmentation of production, multinational firms, political economy, WTO, world trade organization, dynamic trade theory, neoclassical growth, technology and growth, innovation, technology transfer, product cycles, tariff retaliation, regionalism