- The main purpose of the International trade course for students is to study the evolution of trade ideas.
- Systemize theoretical knowledge received at lectures
- Extending theoretical knowledge
- Learn how to use legal, regulatory, referential information and professional literature
- Development of cognitive and soft skills: creativity and self-sufficiency
- Enhancing critical thinking and personal development skills
- Development of research skills
- Obtaining skills of efficient independent professional activities
- Introduction to International tradeThe object of International trade: why countries trade with each other, what the effects of international trade are. The history of trade: empirical evidence. The role of space: spatial inequality and transportation costs. Productivity gains and falling transport costs under Industrial Revolution.
- Classical trade theories: technology, comparative advantages, and factor endowments. Inter-industry trade.Trade between dissimilar countries and the theory of comparative advantage. Ricardian model and technological differences across countries: absolute and comparative advantage. Specialization of countries. Changes in prices. Stolper-Samuelson theorem. Changes in endowments. Rybczynski theorem. The Heckscher-Ohlin Model: differences in factor endowment. Factor price equalization. The welfare effects: GDP and gains form trade.
- Monopolistic competition modelStarett Theorem. Differentiated product. The Dixit-Stiglitz model: assumptions, preferences and demand function, market power and price index, technology, market equilibrium, the mass of firms, monopolistic competition as a limiting case of oligopoly.
- New trade theory: intra-industry tradeThe role of increasing returns to scale at the firm level and love for variety. The Dixit-Stiglitz-Krugman model: iceberg-type transportation costs, demands at the domestic and foreign markets, price indices and market sizes, trade patterns, gains from trade. Trade and space: market crowding effect and market access effects, firms’ location decisions, Home Market Effect, partial specialization of countries.
- Firms in international tradeStylized facts on firms’ heterogeneity. Monopolistic competition model with heterogeneous firms: endogenous distribution of firms within industry, relative performance, firms entry and exit, equilibrium. Implications to trade: fixed export costs, sorting to exporters and non-exporters (how many firms export; do more or less productive firms export?), reallocation of resources within a sector under opening trade and trade liberalization, impact of trade liberalization and decreasing export cost on a trade pattern.
- Variable markups and tradeThe role of demand structure in international trade. Variable markups. Pro-competitive effect. Gains from trade: product diversity and gains from pro-competitive effects. Price policy: dumping effect. Patterns of trade and trade liberalization: export pricing and export values. Distortions from trade. Impact of trade on welfare and efficiency. Multi-sector model and intersectoral distortions.
- Fujita, M., & Thisse, J.-F. (2002). Does Geographical Agglomeration Foster Economic Growth? And Who Gains and Looses From It? CEPR Discussion Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.cpr.ceprdp.3135
- Feenstra, R. C. (2004). Advanced International Trade : Theory and Evidence. Princeton, N.J.: Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=295542
- Fujita, M., Krugman, P. R., & Venables, A. (1999). The Spatial Economy : Cities, Regions, and International Trade. Cambridge, Mass: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=9243
- Helpman, E. (2011). Understanding Global Trade. Harvard University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.hup.pbooks.9780674060784
- Pierre-Philippe Combes, Thierry Mayer, & Jacques-François Thisse. (2008). Economic Geography: The Integration of Regions and Nations. Post-Print. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.journl.hal.00311000