International Trade and Globalization

(3 Credit Hours) · Undergraduate

The objective of the course is to offer students an introduction to the theory and empirics of international trade and globalization. The course will cover both theoretical and empirical contributions and will often refer to current issues of globalization. Among the treated questions are: What are the similarities and differences between the current globalization wave and the one that took place in the late 19th century? Why do countries trade? Does comparative advantage or economies of scale explain the structure of trade? Does globalization deepen wage inequality and what are the mechanisms? How to explain offshoring and the location of multinational firms in the world? What are the characteristics of successful exporters? What are the consequences of protectionism and trade policies?