This course examines the causes and consequences of international trade and investment through basic theoretical frameworks, empirical evidence, and applications to real-world questions of interest to business leaders, policy makers and the general public. It investigates why nations trade, what they trade, and how trade affects welfare, growth and income inequality. It explores the role of multinational companies, foreign direct investment, and international migration. Finally, it analyzes the rational for international trade policies and their economic impact. Special segments highlight key current phenomena, such as global value chains; heterogeneity in firm productivity, quality and management; financial and labor market frictions.
|Taught by:||Dennis Novy|
|Assessment:||2 hours of lectures per week and weekly tutorial/practical classes, with written assignments every other week. The course will be examined by (1) a coursework essay in Term 2 (25%) and (2) a 2-hour unseen written exam in Term 3 (75%).|
|Suitable for:||Graduate students|
|Maximum module enrolments:|