KECD 2280 - INTERNATIONAL TRADE

The course is made of two parts: international trade and international macroeconomics. The course will cover both theoretical and empirical contributions. Using theoretical and empirical tools, we will consider a wide range of issues such as: what is driving the patterns of trade across countries? What are the gains from trade? How does market power of firms affect international trade? What is the effect of financial integration on growth and welfare? What are the drivers of international capital flows? How do macroeconomic shocks propagate across countries? TOPICS COVERED Part 1. International Trade The empirics of comparative advantage Ricardian Trade Trade and imperfect competition Gravity and Welfare Gains from Trade. Part 2. International Macroeconomics Financial integration, growth and capital flows Global imbalances and external adjustment Risk-sharing and the international transmission of shocks.

Thierry MAYER

Séminaire

English

Spring 2024-2025

EVALUATION There will be two problem set (25% each) and a final examination (50%).