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International trade in the global economy (ex International trade: economics and policy)

lauree magistrali

Course Description

This course will provide students with an analytical framework for the study of international trade.
It is divided in two parts. The first considers both the predictions of the Neoclassical trade theory (i.e., the Ricardian Model and the Heckscher-Ohlin Model) and the new trade models with imperfect competition, including the most recent developments related to firm-level evidence. The second part discusses the effects and the political economy determinants of trade policy. International agreements multilateral trade liberalization and on regional trade liberalization will be also discussed.
The course considers both the theories and recent empirical works, as well as a discussion of the relevant methodological issues in measurement and estimation.

Final exam

The course assessment will be based on an oral exam. Students attending the class will have the possibility to present to their colleagues one of the articles from the reading list.


Lectures will be held in the first semester


Il corso si svolge nel I semestre (dal 24/9/2018 al 14/12/2018)

Docenti: Silvia Nenci (docente titolare)

Crediti: 9

Numero moduli: 2

Date di esame


Course Outline

The outline below includes the main topics will be dealt with in the course. It is arranged for the most part in the typical order in which course will be taught. The order can be changed as appropriate to meet the instructor’s objectives, including coverage of additional content.

Main topics include:

Section 1: International trade: stylized facts

  • Facts, changes and history of globalization
  • New players: Emerging economies

Section 2: Trade theories

  • The Absolute and Comparative Advantage
  • The Ricardian Model
  • Factor endowments and the Heckscher-Ohlin Model
  • The New Trade Theories
  • Firm Heterogeneity

Section 3: Trade policy

  • Import Tariffs and Quotas
  • Export subsidies and taxes
  • Measuring trade protection
  • Non-tariff barriers
  • Political economy of trade policy
  • Multilateral trade integration: the World Trade Organization
  • Regional trade integration: trade creation and trade diversion

Section 4: Empirical lab sessions

  • Trade and trade policies data sources
  • Working with trade data

[ ultimo aggiornamento 11/2/2019 ]


Teaching material
Lecture slides and other teaching material will be downloadable from the course website.
International Trade, R. C. Feenstra and A.M Taylor, Third Edition, 2014, Worth MacMillan.
Some topics rely on journal articles and papers. 

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