International Trade
University of Oslo
ECON4415 - Fall 2019 - Seminar
Wednesday 8:15-10:00, HH Seminar Room 101 (S101)
Lecturer: Yuan Zi (yuanzi.economic-at-gmail.com)
Office hours: Tuesday 10:00-12:00 (class weeks)
Wednesday 10:00-12:00 (upon request)
You can make the appointment here
Description
This seminar is designed for Masters students specializing in economics. This seminar covers advanced empirical topics in international trade (as well as economic geography).
Seminars will be organized with a 45 min lecture of empirical studies on international trade and 45 min on problem set. The lecture is divided in four parts. The first considers testings on predictions of the neoclassical trade theories and their implications. The second presents empirical evidences on new trade models with imperfect competition and economic geography. The third considers firms in international trade and gravity equations. The last covers facts and empirical works on trade policies.
The problem set will be distributed one week ahead before the seminar (see seminar page). Students are expected to finish the assignment before the seminar.
Goals
After the lecture/seminar, you should be able to address positive issues with data/facts, such as: Why do countries trade? What goods do countries trade? What are the implications of openness for the location of production? And, what impedes trade and why do some countries deliberately erect policy impediments to trade? You should also be able to offer your thoughts on normative issues, such as: Are there winners and losers from trade and if so, can we identify them? Most importantly, you should be able to think how your answers to above questions may differ under different environments, such as a neoclassical setting or those with market failures, or in the presence of both mobile and immobile factors.
Main complementary textbooks
There are no compulsory reading books for this seminar. Use the textbooks and references listed behind each seminar slides to enhance your understanding of course materials.
Pre-requisites
Grading
Outline (preliminary)
_____________________________________________________________________________________________________________
Abbreviations: GFT: Gains from Trade; CA: Comparative Advantage; LCA: Law of Comparative Advantage; HO: Heckscher–Ohlin; PFS: Protection for Sale; WARP: Weak Axiom of Revealed Preference
Journal Abbreviations: AER: American Economic Review; EER: European Economic Review; EMA: Econometrica; JIE: Journal of International Economics; JPE: Journal of Political Economy; JDE: Journal of Development Economics. JEL: Journal of Economic Literature; NBER National Bureau of Economic Research (nber.org); QJE Quarterly Journal of Economics, RIESTAT: Review of Economics and Statistics; RES: Review of Economic Studies
______________________________________________________________________________________________________________
Seminars
Resources
Miscellaneous Information
University of Oslo
ECON4415 - Fall 2019 - Seminar
Wednesday 8:15-10:00, HH Seminar Room 101 (S101)
Lecturer: Yuan Zi (yuanzi.economic-at-gmail.com)
Office hours: Tuesday 10:00-12:00 (class weeks)
Wednesday 10:00-12:00 (upon request)
You can make the appointment here
Description
This seminar is designed for Masters students specializing in economics. This seminar covers advanced empirical topics in international trade (as well as economic geography).
Seminars will be organized with a 45 min lecture of empirical studies on international trade and 45 min on problem set. The lecture is divided in four parts. The first considers testings on predictions of the neoclassical trade theories and their implications. The second presents empirical evidences on new trade models with imperfect competition and economic geography. The third considers firms in international trade and gravity equations. The last covers facts and empirical works on trade policies.
The problem set will be distributed one week ahead before the seminar (see seminar page). Students are expected to finish the assignment before the seminar.
Goals
After the lecture/seminar, you should be able to address positive issues with data/facts, such as: Why do countries trade? What goods do countries trade? What are the implications of openness for the location of production? And, what impedes trade and why do some countries deliberately erect policy impediments to trade? You should also be able to offer your thoughts on normative issues, such as: Are there winners and losers from trade and if so, can we identify them? Most importantly, you should be able to think how your answers to above questions may differ under different environments, such as a neoclassical setting or those with market failures, or in the presence of both mobile and immobile factors.
Main complementary textbooks
There are no compulsory reading books for this seminar. Use the textbooks and references listed behind each seminar slides to enhance your understanding of course materials.
Pre-requisites
- Intermediate Microeconomics (e.g. Snyder, Christopher and Nicholson. Microeconomic Theory: Basic Principals and Extensions) and Intermediate Econometrics (e.g. Green, Econometric Analysis).
- Bachelor's degree in Economics, or equivalent.
- ECON4200 – Microeconomics and Game Theory, ECON4215 – Microeconomics (discontinued), ECON4230 – Microeconomic Theory (discontinued) or ECON4235 – Microeconomic Theory (discontinued)
- The prerequisites are fulfilled if one of the courses mentioned above is taken during the same semester as ECON4415 – International Trade
- Students on the master’s programme in Economic Theory and Econometrics (the 5-year programme) also need ECON3010 – Anvendt økonomisk analyse.
Grading
- The grade is on a final exam (3 hours).
- More about examination can be found here.
- Voluntary term paper deadline: 28 October, at 14:00
- Please book me in advance for the 15 min Q&A (also see office hours).
Outline (preliminary)
- September 11 (Globalization overview), S101
- September 25 (Ricardian), S101
- October 9 (HO), S101
- October 16 (New trade theory), S101
- October 23 (Economic geography), S101
- October 30 (Melitz), S101
- November 6 (Gravity), S101
- November 13 (Trade policy and recap), S101
_____________________________________________________________________________________________________________
Abbreviations: GFT: Gains from Trade; CA: Comparative Advantage; LCA: Law of Comparative Advantage; HO: Heckscher–Ohlin; PFS: Protection for Sale; WARP: Weak Axiom of Revealed Preference
Journal Abbreviations: AER: American Economic Review; EER: European Economic Review; EMA: Econometrica; JIE: Journal of International Economics; JPE: Journal of Political Economy; JDE: Journal of Development Economics. JEL: Journal of Economic Literature; NBER National Bureau of Economic Research (nber.org); QJE Quarterly Journal of Economics, RIESTAT: Review of Economics and Statistics; RES: Review of Economic Studies
______________________________________________________________________________________________________________
Seminars
Resources
Miscellaneous Information
