Firm_Level_trade_syllabus.doc - Department of Economics...

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Department of Economics, Yale University International Trade 720a Firm-Level Theory and Quantitative Analysis in International Trade Syllabus Instructor: Costas Arkolakis Office: 37 Hillhouse, Rm 35 Office phone: 203-432-3547 Email: [email protected] Website Class time: M-W 1:00-2:20 Office hours: M 11-12, W 2:30-3:30 & by apt DESCRIPTION This course is designed to introduce you to the new firm-level theories of trade and analyze their quantitative implications. In addition, and time allowing to do so, we will introduce the firm level analysis of trade into dynamic general equilibrium models and also look at newly identified margins of export sales. Our approach will be mainly deductive, while in order to built our models we will continuously draw motivation from empirical observations. We will explicitly test the predictions of our models on different aspects of the data. In our analysis we will give increasing attention to some main methodological points. First, what are the important features that firm-level models of trade can offer not attainable by previous theory? Second, how can we construct a reasonable mapping of firm-level models of trade to the data? Last, can the main “successful” firm-level models of trade be integrated in a unified macroeconomic framework, without loosing the desirable properties that each model individually attains? The Graduate International Trade course (720a) will be taught over the Fall semester by me and Peter Schott will offer guest lectures. The second part of the course (721b, half a semester) will be taught by Steve Redding over the Spring. In 720a There will be no final exams but there will be 5 problem sets and 1 presentation each counting towards 1/6 of the final grade. LECTURE NOTES Eaton, Jonathan and Samuel Kortum, Technology in the Global Economy: A Framework for Quantitative Analysis (henceforth, TGE ) Class notes will also be posted online
TOPICS AND DATES COVERED (TENTATIVE) Note: the papers below are quoted in the (tentative) order that they will be mentioned in class. A small introduction into deductive reasoning (Week 1) In class notes Some facts on international trade (Week 1) TGE chapter 2 Background on H-O and Ricardian models of trade (Week 2) In class notes Bernard, A. B., S. Redding, and P. K. Schott (2007), “ Comparative Advantage and Heterogeneous Firms ,” Review of Economic Studies, 74 (1), 31-66 Costinot A., and J. Vogel, (2008) “ Matching and Inequality in the World Economy ,” mimeo, MIT and Columbia University Blanchard E. and G. Willman, (2008), “ Trade, Education, and the Shrinking of Middler Class, ” mimeo University of Virginia Gravity and estimation of trade flows (Week 3) In class notes Anderson, James E. (1979) “

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