AECO 22A00 - Trade and International Finance

AECO 22A00 · Fall semester 2026-2027

Language of tuition
English
Course type
Cours magistral
Number of hours
48
Credits
6

Information

Description

This course offers students an introduction to two key dimensions of g lobalization: international trade and international finance. The course applies an empirically grounded theoretical structure to current policy issues. Using theoretical and empirical tools, we will consider a wide range of questions such as: What are the gains of specialization? What is the effect of trade on inequality?

How does market power of firms affect international tr ade? What are the consequences of trade policies? What drives international financial fl ows? What is the relation between exchange rates and monetary policy? How does globalization affect the conduct of macroeconomic p olicies? Is the euro an optimal currency area? Why have there been so many international financial crises?

Teaching format

Two hour lecture by professor, including participation activities, on Wednesdays, 13:20–15:20.

There are also tutorials (traveau dirigés in French) conducted by the teaching assistant.

Assessment

The grading of the course is broken down as follows:

  • 1/3 final exam (two hours, closed book)
  • 1/3 mid term exam (two hours, closed book)
  • 1/3 continuous assessment activities in the tutorials (e.g. problem sets)

Readings

Main readings 1

  1. Head, Keith, and Thierry Mayer. 2021. “The United States of Europe: A Gravity Model Evaluation of the Four Freedoms." Journal of Economic Perspectives 35 (2): 23–48. DOI: 10.1257/jep.35.2.23, available without charge at https://www.aeaweb.org/journals/jep.

Further readings 2

  1. David H. Autor, David Dorn, Gordon H. Hanson. 2016. The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade. Annual Review Economics. 8:205- 240. Available free at https://doi.org/10.1146/annurev-economics-080315-015041

  2. Krugman, Paul R., Maurice Obstfeld, and Marc Melitz International Economics, Pearson. Current editions on Amazon, 9th edition here: https://users.ssc.wisc.edu/~cengel/ Econ730/International%20Economics%20Theory%20and%20Policy%20Book%209th%20Edition. pdf Referred to as KOM chapter # (9th edition chapters)

Teaching units

Unit no.Unit type Teaching unitsTeachers Number of hoursCredits
13387Cours magistral Trade and International Finance Keith HEAD246
13388Conférence Trade and International Finance Anh-tuan NGUYEN240
20759Conférence Trade and International Finance Anh-tuan NGUYEN240

Teachers

  • Keith HEAD
  • Anh-tuan NGUYEN

In the curricula

Contacts and resources

Contact
BENOIT Aurélie