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This course explains why countries trade goods and services, patterns of trade, and the consequences of trade and of trade interventions. It extends the basic theory of international trade to more complex, interesting and empirically relevant cases. It will provide students with an advanced understanding of the core of modern trade theory, from both positive and normative perspectives.
ECON657 focuses on the microeconomic aspects of international trade and trade policy and explains why countries trade goods and services, patterns of trade, and the consequences of trade and of trade interventions. This course extends the basic theory of international trade to more complex, interesting and empirically relevant cases, aiming at providing students with (a) an advanced understanding of the core of modern trade theory, from both positive and normative perspectives, and (b) analytical tools necessary to understand existing trade models and to construct new models to further trade knowledge.
· Be able to discuss causes and consequences of international trade and trade interventions.· Be able to use traditional models to analyse inter-industry trade patterns and the effects of trade on consumption, production and welfare.· Be able to use models of imperfect competition to analyse intra-industry trade and strategic trade policy issues.· Be able to use models of imperfect competition to analyse the differences between internationally active and non-active firms.· Be able to read, understand and discuss academic research papers in international trade.
Subject to approval of the Head of Department
Students must attend one activity from each section.
Onur Koska
Feenstra, R.C; Advanced International Trade: Theory and Evidence (any Ed.) ; any Ed; Princeton Univ Press.
Gene M. Grossman and Kenneth Rogof; The Handbook of International Economics, vol. 3 (1995) & vol. 4 (2014) ; Elsevier.
Markusen, J.R., Melvin, J.R., Kaempfer, W.H. & Maskus, K.E; International Trade: Theory and Evidence ; International ed; MacGraw-Hill, 1995.
Domestic fee $1,130.00
International Postgraduate fees
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .