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14.581

International Economics I

5-0-7 units · Graduate

Covers a variety of topics, both theoretical and empirical, in international trade, international macroeconomics, and economic geography. Focuses on general equilibrium analysis in neoclassical economies. Considers why countries and regions trade, and what goods they trade; impediments to trade, and why some countries deliberately erect policy to impede; and implications of openness for growth. Also tackles normative issues, such as whether trade openness is beneficial, whether there are winners and losers from trade and, if so, how they can possibly be identified.

Spring 2013

Topics

  • Gains From Trade and the Law of Comparative Advantage (Theory)
  • The Ricardian Model (Theory, Part I)
  • The Ricardian Model, (cont.) (Theory, Part II)
  • The Assignment Model Approach (Theory)
  • Gains From Trade and the Law of Comparative Advantage (Empirics)
  • The Ricardian Model (Empirics)
  • The Assignment Model Approach (Empirics)
  • The Heckscher-Ohlin Model (Theory, Part I)
  • The Heckscher-Ohlin Model, (cont.) (Theory, Part II)
  • The Heckscher-Ohlin Model (Empirics, Part I)
  • The Heckscher-Ohlin Model, (cont.) (Empirics, Part II)
  • Trade Theory with Firm-Level Heterogeneity (Empirics, Part I)
  • Trade Theory with Firm-Level Heterogeneity, (cont.) (Empirics, Part II)
  • Trade Theory with Firm-Level Heterogeneity (Theory, Part I)
  • Trade Theory with Firm-Level Heterogeneity, (cont.) (Theory, Part II)
  • Gravity Models (Theory)
  • Gravity Models (Empirics)
  • Trade Costs (Empirics)
  • Offshoring and Fragmentation of Production (Theory, Part I)
  • Offshoring and Fragmentation of Production, (cont.) (Theory, Part II)
  • Economic Geography (Empirics, Part I)
  • Economic Geography, (cont.) (Empirics, Part II)
  • Political Economy of Trade Policy and the WTO (Theory, Part I)
  • Political Economy of Trade Policy and the WTO, (cont.) (Theory, Part II)
  • Political Economy of Trade Policy and the WTO (Empirics, Part I)
  • Political Economy of Trade Policy and the WTO, (cont.) (Empirics, Part II)

Readings

Prerequisites & course information

Prereq: 14.04 G (Fall) 5-0-7 units

Sources