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Regular version of the site
Master 2020/2021

International Trade and Development

Type: Elective course (Financial Economics)
Area of studies: Economics
When: 2 year, 3 module
Mode of studies: offline
Instructors: Roman Zakharenko
Master’s programme: Financial Economics
Language: English
ECTS credits: 3
Contact hours: 32

Course Syllabus

Abstract

The course is divided into two major parts, Trade and Development. In the Trade part of the course,we will first review recent developments in the classical theories of trade based on comparative advantage of countries. Then, we will go over theories of trade with monopolistic competition and increasing returns to scale. Finally, we will discuss other recent research in international trade, such as theories of offshoring and multinational corporations,the effects of international ethnic networks on trade,the effects of trade on hostility between countries, and some others. The Development part of the course focuses on the study of effects of institutions and culture on economic development. There will be two segments in this section: the empirical and theoretical sections. Different approaches to understanding and modeling culture will be discussed. Prerequisites: One important prerequisite is a thorough knowledge of calculus. Aknowledge of trade theories at undergraduate level is also a plus, but is not essential.The working language in the course is English.
Learning Objectives

Learning Objectives

  • The aim of the course is to introduce students to various aspects of modern theories of trade and development, with a focus on a formal theoretical and empirical analysis
Expected Learning Outcomes

Expected Learning Outcomes

  • be able to explain and discuss the economic forces that drive international trade and international inequality in development
  • apply methods of analysis of data related to trade and development
Course Contents

Course Contents

  • Trade 1.1 Comparative Advantage and Trade 1.2 Monopolistic Competition and Trade 1.3 Other Topics in Trade
  • Development 2.1 Empirical Research in Development 2.2 Theoretical Research in Development
Assessment Elements

Assessment Elements

  • non-blocking homeworks
  • non-blocking presentation of an academic paper
  • non-blocking in-class quizzes
  • blocking final exam
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.5 * final exam + 0.2 * homeworks + 0.1 * in-class quizzes + 0.2 * presentation of an academic paper
Bibliography

Bibliography

Recommended Core Bibliography

  • De Janvry, A., & Sadoulet, E. (2016). Development Economics : Theory and Practice. London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1165371
  • Rogoff, K. S., Helpman, E., & Gopinath, G. (2014). Handbook of International Economics. Oxford, England: North Holland. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=576373

Recommended Additional Bibliography

  • Robert C. Feenstra. (2015). Advanced International Trade: Theory and Evidence Second Edition. Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.pup.pbooks.10615