This course details the main trade theories that have been developed since the 19th century, and reviews the main changes in international trade and globalization that called for a continuous renewal of these explanations for international trade.
This course is taught in English, so are the TDs. Due to the small effective, we opt for a continuous assessment.
By the end of this course, participants will be able to:
Introduction – Globalization
Stylized facts about globalization :
When did it start?
Has it been constant?
What are the main recent shifts?
Traditional Trade Theories
What were the first economic theories developed to explain international trade?
The Ricardian Model
The HOS Model
What type of trade to they (fail to) explain?
New Trade Theories
New Trade Theories refer to Krugman’s input in explaining international trade.
Why some additional explanation were needed? What’s the Krugman’s Model How does it articulate with Traditional Trade Theories?
New new Trade Theories
The new new trade theories were developped in the early 2000s to explain how firm-level behavior matches with the stylized facts underlined by the Krugman model.
Multinational Firms and FDIs
At last, we will review the last major shift in international trade : the rise of multinational firms and what it implies
Test
Microeconomics 1 & Macroeconomics 1
Please check with your home university for credit recognition.