International Trade

Uitgebreide vaknaam	International Trade
Leerdoelen	1. reflect on the main theoretical and empirical insights from modern international trade theory, and problem solving. 2. evaluate the usefulness of these theories for empirical research and economic policy. 3. present the relevant ‘state of the art’ academic research to a “knowledgeable” audience. 4. formulate relevant academic questions that are raised during the presentations of fellow students (presenters). 5. analyze the problems that are raised during the presentations and discussions, and be able to suggest answers. 6. investigate possible answers to the queries and present these to the audience of fellow students.
Omschrijving	Three topics are analyzed in depth: Show that trade is beneficial from a welfare point of view but that: showing this is difficult, and that not all agents benefit from more trade and globalization. Furthermore, one of the remarkable recent findings w.r.t. international trade is that most international trade is done by a limited number of firms. These findings are based on micro-firm data-sets that only recently have become available. Findings like these have been a stimulus for theoretical research. The most successful study in this respect is the recent work by Marc Melitz; his model has become the standard model to analyze data sets on heterogeneous firms. Finally, The recent trend of slicing-up-the value chain is beneficial for firms (and we will show why) but this also affects the organization structure of global firms. How organizational structures need to be adapted is also part of the course.
Uren per week	2
Onderwijsvorm	-interactief hoorcollege (Combination of lectures and tutorials. During tutorials assignments will be discussed)
Toetsvorm	-individuele opdracht,  -schriftelijk tentamen (open vragen) (Assignments, participation, exam)
Vaksoort	master
Coördinator	prof. dr. S. Brakman
Docent(en)	prof. dr. S. Brakman ,prof. dr. J.H. Garretsen , Ch. Marrewijk
Verplichte literatuur	Titel Auteur ISBN Prijs Advanced International Trade: Theory and Evidence, Princeton University Press*, latest edition, currently: 2016 Note; a basic knowledge of micro-economics is required to follow the course successfully Feenstra, R.
Entreevoorwaarden	For students in the Research Master in Economics & Business.
Opmerkingen	Note; a basic knowledge of micro-economics is required to follow the course successfully
Opgenomen in	Opleiding Jaar Periode Type Research Master in Economics and Business  (keuzevakken ReMa-Economics) 1 semester II a keuze