AØKK08214U Advanced International Trade
MSc programme in Economics – elective course
This is a graduate-level course in international trade. The course is research-oriented with the goal of introducing students to the latest and most important research in international trade.
The course will present and discuss recent as well as classic theories of international trade. Empirical evidence is used throughout the course to examine the validity of the presented theories. Topics covered include:
Gains from trade and the law of comparative advantage
- Multi-product Ricardian trade theory
- Generalized Heckscher-Ohlin theory
Monopolistic competition theory with heterogeneous firms
Multinationals and the organization of the firm
Theory and empirics of the Gravity equation
Margins of international trade
Trade, tasks, offshoring and the structure of wages
- Immigration
The objective of this graduate-level course is to equip students with an in-depth understanding of international trade and enable them to read, understand and critically reflect on the most recent theoretical and empirical research in the field.
By the end of the course, students should be able to:
Knowledge
Understand, describe and identify the core theories of international trade
Account for the stylized facts and direct empirical tests of the core theories of international trade
Provide an overview of recent theoretical and empirical developments in the field
Skills
Analyze and critically reflect on main predictions of core theories of international trade
Select relevant theories and methods for analyzing trade-related questions
Communicate and discuss key concepts in international trade
Competencies
Read the most recent theoretical and empirical research in international trade
Apply relevant theories and concepts in independent work to analyze new problems and policy proposals
Robert C. Feenstra (2015): Advanced International Trade: Theory and Evidence, Princeton University Press, 2nd edition, chapters 1-5.
Bernhofen, D., and J. Brown (2004): “A Direct Test of the Theory of Comparative Advantage: The Case of Japan”, Journal of Political Economy, vol. 112, no. 1, pp. 48-67.
Dornbusch, R., S. Fischer and P.A. Samuelson (1977): “Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods”, American Economic Review, vol. 67, no. 5, pp. 823–831.
Eaton, J., and S. Kortum (2002): “Technology, Geography and Trade”, Econometrica, vol. 70, no. 5, pp. 1741–1779.
Melitz, M. (2003): “The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity”, Econometrica, vol. 71, no. 6, pp. 1695–725.
Helpman, E., M.J. Melitz, and S.R. Yeaple (2004): “Export versus FDI with Heterogeneous Firms”, American Economic Review, vol. 94, no. 1, pp. 300–16.
Anderson, James E., and Van Wincoop. “Gravity with Gravitas: A Solution to the Border Puzzle.” American Economic Review 93, no. 1 (2003): 170–92.
Hummels, David and Peter Klenow (2005) “The Variety and Quality of a Nation's Exports” American Economic Review 95, no 3 704-723.
Grossman, Gene and Esteban Rossi-Hansberg (2008) “Trading Tasks: A Simple Theory of Offshoring” American Economic Review 98, no. 5:1978-1997.
Hummels, David, Rasmus Jørgensen, Jakob Munch, and Chong Xiang. 2014. “The Wage Effects of Offshoring: Evidence from Danish Matched Worker-Firm Data.” American Economic Review 104, no. 6:1597–1629.
Ottaviano, Gianmarco, Giovanni Peri, and Greg Wright. “Immigration, Offshoring, and American Jobs.” American Economic Review 103, no. 5 (2013):1925–59.
Additional readings will be announced at the beginning of the course.
3 hours of lectures every week from week 36 to 50 (except week 42).
The overall schema for the Master can be seen at https://intranet.ku.dk/economics_ma/courses/CourseCatalogue-E17/Courseschema/Pages/default.aspx
Timetable and venue:
To see the time and location of lectures please press the link under "Se skema" (See schedule) at the right side of this page. E means Autumn.
You can find the similar information partly in English at
https://skema.ku.dk/ku1718/uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E17; [Name of course]””
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn – Weeks 31-5”
Press: “ View Timetable”
- Category
- Hours
- Exam
- 3
- Lectures
- 42
- Preparation
- 161
- Total
- 206
for enrolled students. More information about registration, schedule, rules, courses etc. can be found at the intranet for Master students (UK) and Master students (DK).
Registration and information for foreign students not enrolled please find more information at Study Economics.
For enkelfagsstuderende sker tilmelding via Åbent Universitet og Merit.
Læs om uddannelsen og studieordningen på KA uddannelsen i økonomi.
- Credit
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilationclosed-book exam at the computers of Copenhagen University.
The exam assignment is given in English and can be answered in English or in Danish. Language must be chosen at the course or exam registration. - Exam registration requirements
None
- Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
if chosen by the Head of Studies.
- Exam period
for the autumn semester 2017:
22 December 2017
The written exam takes place in the exam venues of the university
The exact time and room of the exam will be informed in the Self-Service at KUnet
For enrolled students more information about examination, rules, exam schedule etc. is available at the intranet for master students (UK) and master students (DK).
- Re-exam
for the autumn semester 2017:
13 February 2018
The written exam takes place in the exam venues of the university
The exact time and room of the exam will be informed in the Self-Service at KUnet
If only a few students have registered the exam it might change to oral including the date, time and place, which will be informed in KUNet or by the Examination Office.
More information about reexamination, rules, schedule etc. is available at the intranet for master students (UK) and master students (DK).
Criteria for exam assesment
Students are assessed on the extent to which they master the learning outcome for the course.
To receive the top grade, the student must be able to demonstrate in an excellent manner that he or she has acquired and can make use of the knowledge, skills and competencies listed in the learning outcomes.
Course information
- Language
- English
- Course code
- AØKK08214U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 semester
- Placement
- Autumn
- Schedule
- and venue:
Go to "Remarks"
Exam and re-sits: Go to "Exam" - Continuing and further education
- Price
Information about admission and tuition fee: Master and Exchange Programme, credit students and guest students (Open University)
- Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Course Coordinators
- Rasmus Jørgensen (16-7c6b7d777f7d3874797c716f787d6f784a6f6d797838757f386e75)
Lecturers
See ‘Course responsibles’