11376 - Economics 247 International Trade Spring 2010...

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International Trade, Spring 2010 Professor Gordon Hanson Office: RCB 1324, ph. 822-5087, email: [email protected] Class: TuTh 9:30-10:50am (Econ 300) Office hours: M 12:30-2:30 (and by appointment) This is the third course in the graduate international economics sequence. We will strive to achieve a balance between theory, empirical literature, and current work on international trade. The course requirements are a research paper (worth 85% of the grade) due during finals week (there will be no extensions of this deadline) and participation in class activities (worth 15% of the grade). The paper may be empirical or theoretical in nature and is described in more detail below. Attendance of the Tuesday International/Development workshop is mandatory. Required readings are indicated by an asterisk (*) and are available from me in a zipped file directory. The text for the course is, Feenstra, R.C. Advanced International Trade: Theory and Evidence. Princeton University Press, 2004. Additional readings are optional, but recommended for those interested in the field. I will make required readings available electronically. Key for journals: AER (American Economic Rev.), EMA (Econometrica), EER (European Economic Rev.), EJ (The Economic Jo.), IER (International Economic Rev.), JDE (Jo. of Development Economics), JEL (Jo. of Econ. Lit.), JEP (Jo. of Econ. Perspectives), JIE (Jo. of Interntnl Economics), JPE (Jo. of Political Economy), QJE (Quarterly Jo. of Economics), ReStud (Rev. of Economic Studies), ReStat (Rev. of Economics and Statistics). Paper Assignment. The goal of the paper assignment is to give students experience in turning ideas into research projects. You may choose either an empirical or a theoretical paper. Nearly all empirical work in trade is grounded in a general equilibrium model of some kind. Important skills for doing empirical work in the field include how to construct simple tractable models for empirical estimation and how to derive estimable specifications from complicated general equilibrium theories. If you choose to do an empirical paper, the construction of a simple tractable model will be an important part of the assignment. To help in this regard, I list below four papers that develop simple trade models for purposes of empirical estimation: Costtinot, A., L Oldenski, and J. Rauch. 2010. Adaptation and the Boundary of Multinational Firms. ReStat, forthcoming. 1
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11376 - Economics 247 International Trade Spring 2010...

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