KECD 2280 - INTERNATIONAL TRADE


Course description:


This course covers the baseline toolkit of modern international trade, on both the theoretical and empirical sides.

The toolkit is then applied to specific topics, which vary from year to year depending on the students' research interests.


Outline


Lecture 1: Introduction

Lecture 2: A primer on Comparative Advantage
From Ricardo to Dornbusch, Fisher & Samuelson (1977)
The empirics of comparative advantage: Deardorff (1984), Bernhofen & Brown (2004), Costinot & Donaldson (2012)

Lecture 3: The revival of Comparative Advantage
Baseline: Eaton & Kortum (2002)
Extensions: Costinot, Donaldson & Komunjer (2012), Caliendo & Parro (2014), Bernard, Eaton, Jensen & Kortum (2003), Lenoir, Martin & Mejean (2020)

Lecture 4: Trade under increasing returns to scale
Krugman (1979), Krugman (1980), Helpman & Krugman (1985)
Empirics: Costinot, Donaldson, Kyle & Williams (2019)

Lecture 5: Heterogeneous firms and the decision to export
Baseline: Melitz (2003)
Empirics: Eaton, Kortum & Kramarz (2011)

Lecture 6: Taking stocks: New and Old Gains from Trade
Arkolakis, Costinot & Rodriguez-Clare (2012), Head & Mayer (2014), Melitz & Redding (2014)

Lecture 7-: Topics in international macro and trade (to be defined)
Isabelle MEJEAN
Séminaire
English
Spring 2025-2026

Assessment


Essay and oral presentation (100%).

Organisation


12*2 hours
Feenstra: Robert C. Feenstra (2003), Advanced International Trade: Theory and Evidence, Princeton University Press, ISBN: 9780691114101
Handbook: Handbook of International Economics, Volume 4, Pages 1-740 (2014), Edited by G. Gopinath, E. Helpman and K. Rogoff, North-Holland, ISBN: 978-0-444-54314-1