|Graduate in Finances and Accounting|
|Assessment||Sources of information||Recommendations|
|UNIT 1. Introduction.
||1.1. Reasons for trade.
1.2.Trade flows, movement of people (migration) and movement of capital (FDI) nowadays.
|UNIT 2. Trade and technology: the Ricardian model.
||2.1. Absolute advantage and comparative advantage.
2.2. Trade and wages.
2.3. Application: Labor productivity and wages.
2.3. Other applications.
|UNIT 3. Gains and losses from trade: the specific-factor model.
||3.1. Mobile and specific factors.
3.2. Determination of wages.
3.3. Earning of capital and land.
3.4. Redistributive effects of trade.
|UNIT 4. Trade and resources: the Heckscher-Ohlin model.
||4.1. Model assumptions and model predictions.
4.2. Application: the Leontief paradox.
4.3. The effect of trade on factor prices.
4.4. Model extensions: many goods, factors and countries.
4.5.More empirical tests of the model.
|UNIT 5. Movement of labor and capital between countries.
5.2. Foreign Direct Investment (FDI).
5.4. Gains from migration and FDI: theory and empirical evidence.
|UNIT 6. Intra-industry trade: economies of scale and perfect competition.
||6.1. Monopolistic competition.
6.2. Trade and monopolistic competition.
6.3. Applications: the gravity equation and the adjustment costs due to the opening to trade.
|UNIT 7. Foreign outsourcing of goods and services.
||7.1. The value chain and outsourcing.
7.2. Application: outsourcing and the skilled-unskilled wage premium.
7.3. A simple model of outsourcing.
7.4. Gains from outsourcing.
7.5. Outsourcing of services.
|UNIT 8. Trade policy I: tariffs and quotas under perfect competition.||
8.1. A brief history of WTO and the key provisions of GATT.
8.2. Tariffs for a large and a small country.
8.3. Quotas for a large and a small country.
8.4. Applications: the Multifibre arrangment and others.
|UNIT 9. Trade policy II: tariffs and quotas under imperfect competition.
||9.1. Tariffs and quotas with a monopoly at home.
9.2. Infant industry protection.
9.4. Tariffs with a foreign monopoly.
9.5. Dumping and the policy response to dumping.
|UNIT 10. Trade policy III: export subsidies in agriculture and high-technology industries.
||10.1 Agricultural export subsidies in a large and a small country.
10.2. Agricultural production subsidies.
10.3. High-technology export subsidies.
|UNIT 11. International agreements: trade, labor and the environment.
||11.1. Multilateral and regional trade agreements.
11.2. Trade creation and trade diversion.
11.3. International trade agreements and labor issues.
11.4. International trade agreements and the environment.