436syl(1) - Economics 436 International Trade Fall 2011...

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Economics 436: International Trade Fall 2011 Mingmei Jones LT 914 Phone: 777-4755 Office Hours: Mon., 1:30 2:30 p.m. Email: [email protected] Thur., 3:00-4:00 p.m. and by appointment Text : Krugman, Obstfeld and Melitz, “International Economics: Theory and Policy” (with MyEconLab), 9 th edition, Pearson/Addison-Wesley, 2012. Course documents and assignments will be on Blackboard. Quizzes will be assigned on MyEconLab. Content We study the economics of international trade and government policies on trade. In the first part of the course, we introduce the classic trade models (the Ricardian model, the specific factors model, the Heckscher-Ohlin model and the standard trade model) to explain where the gains from trade come from and who benefits from it, and also to predict the pattern of trade. We then examine economies of scale and imperfect competition as the cause trade, and we study the role of firms in global trade. In the second part of the course, we consider trade policy instruments such as tariff and export subsidy. We then turn to the political economy of trade policy, paying particular
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