Courses: International economics: Syllabus

  COURSE CONTENT  

1. Global economy. Survey of international trade, investment, labor mobility
2. Comparative advantages: Ricardian Model
3. Hecksher-Ohlin-Samuelson-Vanek theory of international trade. Gravity equation.
4. Specific factors and international trade
5. Economy of scale and international trade. New theories of international trade.
6. International investment and multinational corporations 
7. Trade policy
8. Regional trade agreements and WTO
9. Exchange rates and the foreign exchange markets
10. Money, interest rates, and exchange rates
11. Fixed exchange rates
12. Optimum currency area and monetary integration
13. Economic and financial integration in the EU

  GRADING

Active participation at seminars and lectures and homeworks            20 %
Paper, due 12th week of semester                                                    10 %
Midterm, 7th week                                                                            35 %
Final, 14th week                                                                                35 %

  REQUIRED READINGS

Krugman, Obstfel, Melitz, International Economics, 9th edition. Prentice Hall, 2011.