International Economics for International Students (IntL3)

This course provides analytical tools to understand globalization through international trade in goods. Topics include the causes of trade, the effects of trade on development and inequality, and the implications of protectionism.

Prerequisites

Basic microeconomics and introductory international economics are required. Familiarity with comparative advantage, market equilibrium, welfare analysis, basic algebra, and graphical tools is expected.

Learning outcomes

• Explain the main theories of international trade and their predictions regarding trade flows
• Analyze the impact of trade on income distribution, inequality, and economic development
• Assess the economic rationale for protectionist measures and their welfare consequences
• Apply theoretical models to real-world policy debates on globalization and trade
• Interpret empirical evidence on trade patterns, development outcomes, and inequality

Evaluation

Tutorial exam (50%) and final exam (50%).

Textbooks

• Feenstra, R. C., & Taylor, A. M., International Economics, 2nd ed., Worth.
• Krugman, P., Obstfeld, M., & Melitz, M., International Economics: Theory and Policy, 9th ed., Pearson.

Lecture notes

1. Globalization: Historical Perspective – PDF
2. Ricardo: Productivity and Comparative Advantage – PDF
3. Heckscher–Ohlin–Samuelson: Trade and Wages – PDF
4. Trade Policy – forthcoming
5. Trade and Environment – forthcoming
6. Monopolistic Competition and Trade Between Similar Countries – PDF

International Trade (IEL3)

This course studies international trade theory and policy, with emphasis on welfare, inequality, and globalization.

Evaluation

Tutorial exam (50%) and final exam (50%).

Textbooks

• Feenstra, R. C., & Taylor, A. M., International Economics, 2nd ed., Worth.
• Krugman, P., Obstfeld, M., & Melitz, M., International Economics: Theory and Policy, 9th ed., Pearson.

Lecture notes

1. Globalization: Historical Perspective – PDF
2. Ricardo: Productivity and Comparative Advantage – PDF
3. Heckscher–Ohlin–Samuelson: Trade and Wages – PDF
4. Trade Policy – PDF
5. Monopolistic Competition and Trade Between Similar Countries – PDF
6. The Gravity Model – PDF
7. Multinational Firms – PDF

Corporate Income Taxation in a Globalized Economy (M1)

This seminar develops economic tools to analyze corporate taxation in an open economy, with emphasis on location decisions, international profit shifting, and policy coordination in a digitalized context.

Materials

• Lecture slides and seminar materials (PDF)
• Selected OECD/IMF reports and academic papers

Lecture notes

1. Corporate Income Taxation: Fundamental Concepts – PDF
2. Seminar Overview – PDF

Quantitative International Economics (IEM2)

This course covers advanced topics in international economics with a focus on quantitative methods, including structural gravity models and trade policy analysis. Students study both theoretical foundations and empirical applications.

Evaluation

Grades are based on an essay submission assessing comprehension and application of the discussed methodologies.

References

• Head, K., & Mayer, T. (2014). “Gravity Equations: Workhorse, Toolkit, and Cookbook” (Handbook of International Economics, Vol. 4). See also the Gravity Cookbook website.
  • PDF
  • Website
• Costinot, A., & Rodríguez-Clare, A. (2014). “Trade Theory with Numbers: Quantifying the Consequences of Globalization” (Handbook of International Economics, Vol. 4). PDF
• Yotov, Y. V., Piermartini, R., Monteiro, J. A., & Larch, M. (2016). An Advanced Guide to Trade Policy Analysis: The Structural Gravity Model. Website

Lecture notes

1. Basic Concepts – PDF
2. Structural Gravity Applications – PDF
3. General Equilibrium with Gravity: Theory and Applications – PDF

Disclaimer: Most slides and materials are adapted from Yotov, Piermartini, Monteiro, and Larch (2016).

Student materials: Dropbox folder.