This course focuses on theoretical knowledge and practical skills that are critical to making and evaluating international trade and finance choices. In the first part of the course, we will explore the phenomenon of globalization, and historic and modern-day patterns of international trade. We will discuss productivity differences as the drivers of trade (Ricardian model), differences in factor endowments (Hecksher-Olin model), how trade may increase inequality, and how distances (market and non-market) impact cross-border trade flows (gravity model). We will explore firms' trading decisions and the role of government policies in international trade. In the second part of the course, we will build on understanding of international financial flows and financial markets, study national accounts, monetary policies, and the determination of currency exchange rates. The prerequisite for the course is the first-year core economics course (or an introductory economics course in another university).
Mariya BOBINA,Yuki TADA
Cours magistral et conférences
English
Autumn 2024-2025
To validate the course, students will take the final exam (40%), submit two case analysis papers (2@20%), and complete the take-home assignment (20%).
At the end of semester, students are expected to: (1) know the most important theories of international trade and finance; (2) understand modern trends in international trade and government policies in shaping the cross-border flows; (3) and learn about international financial flows and monetary policies.
The course combines lectures, class discussions, problem sets, and case analyses.
Krugman, P., Obstfeld, M. & Melitz, M. (2022) International Economics: Theory and Policy. Global Edition (12nd ed.) Pearson Education Limited.