Current
International Trade (Spring 2024 - ITAM)
ECO-13101-003 (Monday, Wednesday 17:30-19:00, room RH106)
Syllabus and Itam calendar 2024
Other media: Charlie Rose's debate about NAFTA with James Goldsmith and Laura Tyson; Paul Krugman Prize Lecture; Russ Roberts on Smith, Ricardo, and Trade
Additional readings on international trade and pollution:
Arik Levinson (2009), “Technology, International Trade, and Pollution from US Manufacturing”
Melissa Dell, Benjamin Feigenberg, and Kensuke Teshima (2019) “The Violent Consequences of Trade-Induced Worker Displacement in Mexico”
Matilde Bombardini and Bingjing Li (2020), “Trade, pollution and mortality in China”
Shinsuke Tanaka, Kensuke Teshima, and Eric Verhoogen (2021), “North-South Displacement Effects of Environmental Regulation: The Case of Battery Recycling”
Readings for this course:
Week 1: Introduction to international trade and static optimization [handout1, handout2; KOM2012chp1 and chp2; readings:(1)(2)]
Week 2: Pure exchange model and the Ricardian model [handout3; KOM2012chp3; readings:(1)(2)]
Week 3: Ricardian model (cont) [handout3; KOM2012chp3; readings:(1)(2)]
Week 4: Implications and extensions of Ricardian model; understanding non-traded sectors [handout4; KOM2012chp3, F2003chp1; readings:(1)]
Week 5: The specific factors model [handout5; KOM2012-chp4, F2003chp3; readings:(1)(2)]
Week 6: The Heckscher-Ohlin model [handout5, handout6; KOM2012chp5, F2003chp2: readings (1)(2)]
Week 7: Empirical evidence of classical trade models; gravity equations and the Armington model [handout7;handout8, handout9; armington model matlab code; KOM2012chp2 and 6, F2003chp5; readings:(1),(2)]
Week 8: Revisions and Midterm 13 March [additional questions]
Week 9: Inter/Intra sectoral trade; market power and increasing returns to scale [handout10; handout 11; KOMchp7, F2003chp5; readings:(1)(2)]
Week 10: Inter/Intra sectoral trade: the Krugman Model [handout10; handout 11; KOMchp7, F2003chp5; readings:(1)(2)]
Week 11: Extensions of the Krugman model [handout12; KOM2012chp7, F2003chp5; readings:(1)]
Week 12: New new trade theory: Melitz Model [handout13; KOM2012chp7,8; readings:(1)(2)(3)]
Week 13: New new trade theory: Melitz Model (cont) [handout13; KOM2012chp7,8; readings:(1)(2)(3)]
Week 14: New new trade theory: Melitz Model (cont) [handout13; KOM2012chp7,8; readings:(1)(2)(3)]
Practice exercises: assignment 1; assignment 2; assignment 3; assignment 4; assignment 5
Practice exams: practice midterm 1; exam 1; practice midterm 2; practice midterm 3; practice midterm 4; practice midterm 5; midterm 6; midterm 7; midterm 8; midterm 9; midterm 10; midterm 11; midter 12; exam 1; exam 2; exam 3; exam 4; exam 5; exam6; exam7; exam 8; exam 9; exam 10; multiple choice 1; multiple choice 2; multiple choice 3
Assignments: Homework 1 (due on the 11 April); homework 2 (due on the 15th May)
Grades: Exam1
International Macroeconomics (Spring 2024 - ITAM)
ECO-13101-003 (Monday, Wednesday 19:00-20:30, room RH312)
Syllabus and Itam calendar 2024
Readings for this course:
Week 1: Introduction to international macroeconomics; models of the inter-temporal current account [handout1a, handout1b; chapters: 1-6; codes]
Week 2: Simple financial frictions in models of the inter-temporal current account [handout2a; chapters 6; codes]
Week 3: Determinants of the real exchange rate [handout3a; chapters 9 and 10; codes]
Week 4: Determinants of the real exchange rate (cont.) [handout3a; chapters 9 and 10; codes]
Week 5: Business cycle fluctuations in small open economies [handout5a; chapter 5; codes]
Week 6: Monetary policy in small open economies [handout6a; chapter 9, 10, 11 (and optional 12); codes]
Week 7: First midterm [Wednesday, February 28th]
Week 8: Monetary policy in small open economies with nominal rigidities [handout8a; codes]
Week 9: Monetary policy in small open economies with nominal rigidities (cont) [handout8a; codes]
Week 10: Monetary policy and the relationship with the real exchange rate [handout9; codes]
Week 11: Monetary policy and the relationship with the real exchange rate (cont) [handout9; codes]
Week 13: Monetary policy and the relationship with the real exchange rate (cont) [handout9; codes]
Week 13: Balance of payment crises [handout10]
Week 14: Second midterm [Wednesday, April 24th]
Practice exercises: [set1; solutions1]; [set2; solutions2]; [set3; solutions3] [set4; solutions4]
Grades: Midterm1
Previous
Introduction to Macroeconomics (Summer 2013); Economic Statistics (Summer 2014); International Economics (Fall 2015; Spring 2016; Fall 2016; Spring 2017; Fall 2017, Spring 2018, Fall 2018, Spring 2019, Fall 2019; Spring 2020; Fall 2020; Spring 2021; Fall 2021; Spring 2022; Fall 2022; Spring 2023; Fall 2023); Applied Economics Research Workshop - Masters (Fall 2020); =