ECON 40710 - INTERNATIONAL TRADE
Monday and Wednesday
DeBartolo Hall 117
Section 01 from 1:30 pm - 2:45 pm
Section 02 from 3:00 pm - 4:15 pm
Office Hours
Monday 9:00am - 10:30am
Wednesday 10:30am - 12noon
716 Flanner Hall
Final
If I read the schedule correctly, the final for section 1 (1:30pm) will be Thrusday May 9th 4:15pm-6:15pm and the final for section 2 (3pm) will be Wednesday May 8th 4:15pm-6:15pm. The final will cover all the material we discussed in class with emphasis on the second part of the class (imperfect competition and trade policy).
Course Material
Syllabus
Main text:
Robert Feenstra and Alan M. Taylor, International Trade, Worth
Lecture Notes:
Introduction
GFT
Ricardo
Specific Factors Model
Heckscher-Ohlin Model
Lerner Pearce Diagrams
Testing Trade Theories
Monpolistic Competition Part I
Monpolistic Competition Part II
Monpolistic Competition Part III
Trade Policy Part I
Trade Policy Part II
Conclusions
Problem Sets:
PS1, Solutions (Optimization)
PS2, Solutions (Ricardian model)
PS3, Solutions (Specific factors and Heckscher-Ohlin model)
PS4, Solutions (Heckscher-Ohlin model)
PS5, ExcelFile, Solutions (Monopolistic competition)
PS6, Solutions (Trade policy)
Additional Readings:
Note: Most of these articles are protected by copyrights. As a Notre Dame student you have access to them at no costs. However, you need to be within ND's network (e.g. at the library).
- Paul Krugman, “What do Undergrads Need to Know About Trade?,” American Economic Review Papers and Proceedings, May 1993.
- Douglas Irwin, “The United States in A New Global Economy? A Century’s Perspective,” American Economic Review Papers and Proceedings, May 1996.
- David Ricardo, On the Principles of Political Economy and Taxation, On Foreign Trade, Chapter 7
- Paul Krugman, "Ricardo’s Difficult Idea" in The Economics and Politics of International Trade.
- Paul Krugman, "In Praise of Cheap Labor," Slate, March 1997.
- Paul Krugman, "Does Third World Growth Hurt First World Prosperity?," Harvard Business Review, July-August 1994.
- Bernard, Jensen, Redding, and Schott, "Firms in International Trade", Journal of Economic Perspectives, 2007.
- Paul Krugman, "Is Free Trade Passe?," Journal of Economic Perspectives, Fall 1987.
- Robert E. Baldwin, "The Political Economy of Trade Policy", The Journal of Economic Perspectives, Autumn, 1989.
- Robert Feenstra, “How Costly is Protectionism?,” Journal of Economic Perspectives, Summer 1992.
There is a "Study Guide with Worked Examples" for use with the main text. The book is available for purchase online. You can see a preview on Google books (link).
There are some exercises and additional material that you can access on the publisher's website (link). You do not need to provide my email address when you register.
Below you will find additional material I used in class
- International Trade Statistics
- James Markusen et al., International Trade, Chapters 1-5
- Math review
- Intra Industry Trade
- Keith Head, “Gravity for Beginners”
University of Notre Dame Academic Code of Honor: read about it here, link.
Midterm Examination: Makeup exams will only be given for students who have a valid University excuse, applied for in writing and adequately documented. Read the University of Notre Dame policy on class attendance here, link.
Final Examination: Unexcused absences from the semester examination will result in a student receiving a grade of no credit on the final examination. Read the University of Notre Dame Final Examination Policy here, link.
Extra Credit Opportunity: There will be no extra credit opportunities for this class.
A Guide to Student Life, Notre Dame Student Handbook, link.
Additional Information
Undergraduate Scholar Conference
Carroll Round: Undergraduate International Economics Conference at Georgetown University
Research Opportunities
Graduate studies (AEA web site)