Syllabus/achievement requirements


I. References

Required textbooks

Dixit, Avinash and Norman, Victor D.: Theory of International Trade: A Dual, General Equlibrium Approach, 1980. Cambridge Economic Handbooks, Cambridge University Press.

Feenstra, Robert C.: Advanced International trade: Theory and Evidence, 2004. Princeton University Press.

Krugman, Paul Rr: Rethinking international trade, 1994. MIT Press. ch. 5, 6.

Krugman, Paul R. : Geography and trade, 1991. MIT Press. all chapters.

Other useful texts (Undergraudate  textbooks)

Krugman and Obstfeld. International Economics: Theory and Policy, 8th ed.

Norman, V. og L. Orvedal. 2010. Næringstruktur og Utenrikshandel. Universitetsforlaget Oslo.

II. Topics and selected reading

Section I. Introduction: Facts and basic methods

1. Trade facts

Krugman, P. 1993. What do undergrads need to know about trade?. AER.May 2003.

Freeman, Richard B.: "Trade Wars: The Exaggerated Impact of Trade in Economic Debate" i 2003. NBER Working paper 10000 here

2. General equilibrium and the gains from trade

DN ch. 1,2,3

Feenstra ch. 1,6,7

Krugman, 1994, ch. 5

3. Technological differences and trade: The Ricardian model

DN ch. 2-4

Feenstra ch 1

Dornbusch, R., S. Fischer, and P. Samuelson. 1977. Comparative Advantage, Trade and Payments in a Ricardian Model with a Continuum of Goods. American Economic Review 67: pp. 823-839.

4. The Specifi…c factor model (Ricardo-Viner)

DN ch. 2, 4

Feenstra ch. 3

5. The Factor endowment model (Heckscher-Ohlin)

DN ch. 2-4

Feenstra ch 2.

Section II: Imperfect competition and the geography of trade

6. Imperfect competition and trade

DN ch. 9

Feenstra ch 5.

Krugman, P.: "Scale Economies, Product Differentiation, and the Pattern of Trade" i American Economic Review 70, 1980. pp 950-959 here

7 Geography, agglomeration and trade

Krugman, P. R., 1990, Geography and trade, MIT Press, 1990

Krugman, P. R. and A. J. Venables, 1995, Globalization and the inequality of nations, Quarterly Journal of Economics 110: pp. 857-880 here

Ottaviano, G. I. P. and D. Puga, 1998, Agglomeration in the global economy: a survey of the “new economic geography”, World Economy 25: pp. 707-731 here

Section III: Topics –if time allows

8. The Gravity equation

Feenstra ch. 5

9. Trade and heterogeneous fi…rms

Bernard, A. B., J. Eaton, B. Jensen, and S. Kortum (2003): “Plants and Productivity in International Trade,”American Economic Review, 93(4), 1268— 1290.

Chaney, T. (2008), “Distorted Gravity: The Intensive and Extensive Margins of International Trade,”American Economic Review, 98(4), 1707-1721

Melitz, M. J. (2003): “The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity,”Econometrica, 71(6), 1695— 1725.

Published June 21, 2013 7:33 AM - Last modified Nov. 19, 2015 10:38 AM