| Dozent/in |
Ulrich Schetter / David Torun; Dr. Ulrich Schetter; David Torun, PhD, Schetter / Torun |
| Veranstaltungsart |
Vorlesung |
| Code |
FS231144 |
| Semester |
Frühjahrssemester 2023 |
| Durchführender Fachbereich |
Wirtschaftswissenschaften |
| Studienstufe |
Master |
| Termin/e |
Di, 21.02.2023, 14:15 - 18:00 Uhr, 3.B52
Di, 28.02.2023, 14:15 - 18:00 Uhr, 3.B52
Di, 07.03.2023, 14:15 - 18:00 Uhr, 3.B52
Di, 14.03.2023, 14:15 - 18:00 Uhr, 3.B52
Di, 21.03.2023, 14:15 - 18:00 Uhr, 3.B52
Di, 28.03.2023, 14:15 - 18:00 Uhr, 3.B52
Di, 04.04.2023, 14:15 - 15:45 Uhr, 3.B52 (Prüfung) |
| Umfang |
2 Semesterwochenstunden |
| Turnus |
weekly
|
| Inhalt |
Why do countries trade, and who gains from trade liberalizations and globalization? To answer these central questions, this course provides an in-depth treatment of modern theories of international trade. We discuss their empirical validity and illustrate their relevance through anecdotal evidence.
First, we review classical trade theory: trade occurs due to (i) productivity differences (Ricardo model) or (ii) different factor endowments (Heckscher-Ohlin). We investigate the general reason why there are gains from trade and discuss the empirical validity of classic trade models. Second, we analyze “gravity” models of international trade. We first discuss the Ricardian benchmark, the Eaton-Kortum (2002) model, and then turn to the new trade theory. Here, trade happens within industries (intra-industry) due to increasing returns to scale and love-of-variety. We consider the case of homogeneous firms (Krugman model) and heterogeneous firms (Melitz model). We finally discuss how these models give rise to a gravity equation and their empirical merit. We conclude by giving an outlook on other topics in international trade and related fields. |
| Lernziele |
Understand why countries trade, how they (might) benefit from openness, how trade policy works, and how to study international trade empirically. Be able to form and express critical views on public and policy debates in this area.
The students will learn to apply central methods on which the literature on international trade is founded. This will enable them to conduct research – either for their Master’s or Ph.D. theses, or in central banks – on topics related to international trade. |
| Voraussetzungen |
Basics in micro- and macroeconomics.
The course is mainly designed for Master’s students in economics. Other students are welcome too but are advised to consult with the instructors first. |
| Sprache |
Englisch |
| Anmeldung |
To attend the course / exercise, registration via e-learning platform OLAT is required. Registration is possible from 6 February to 3 March 2023. The students themselves are responsible for checking the creditability of the course to their course of study.
Direct link to OLAT course:
https://lms.uzh.ch/url/repositoryentry/17335386584
|
| Leistungsnachweis |
***IMPORTANT*** In order to acquire credits, resp. to take the examination, registration via the Uni Portal within 6 February - 3 March 2023 is ESSENTIALLY REQUIRED. Further information on registration: www.unilu.ch/wf/pruefungen |
| Abschlussform / Credits |
Written exam / Written paper / 3 Credits
|
| Hörer-/innen |
Ja |
| Kontakt |
ulrich_schetter@hks.harvard.edu / david.torun@unisg.ch |
| Literatur |
Robert C. Feenstra, Advanced International Trade: Theory and Evidence, Second Edition, Princeton University Press, 2016 (mandatory literature)Markusen, James, James Melvin, William Kaempfer, and Keith Markus; International Trade: Theory and Evidence, McGraw Hill, 1995References to journal articles are given in class. |