Credit

3.00   (L-T-P:   3-0-0)

Department / Center / School / Unit

Economics

Course Objectives

This is an advanced level course in trade. The objective of this course would be to give adequate training to graduate students in economics (and related disciplines) to bring them to the forefront of knowledge in international trade and prepare them to undertake independent work in the areas of trade theory and policy.

Course Contents

The contents of this course will include topics such as - Ricardian and Hecksher-Ohlin models, their extension to many goods and factors, the role of tariffs, quotas, and other trade policies, trade under imperfect competition, outsourcing, political economy, multinationals, trade and growth, gravity equation, organization of the firms, etc.

Suggested References

Text Books:
1. Robert C. Feenstra, Advanced International Trade: Theory and Evidence, First Edition, Princeton University Press, 2004.
2. Elhanan Helpman, Understanding Global Trade, First Edition, Belknap Press, 2011.
3. Paul R. Krugman, Maurice Obstfeld and Marc Melitz, International Economics: Theory and Policy, 10 Edition, Pearson, 2014.
4. Obstfeld, Maurice and Kenneth Rogoff, Foundations of International Macroeconomics, MIT Press, 1996.
5. Robert C. Feenstra and Alan M. Taylor, International Trade, Second Edition, Worth Publishers, 2010.
6. Richard E. Caves , Jeffrey A. Frankel and Ronald W. Jones, World Trade and Payments: An Introduction, 10 Edition, Prentice Hall, 2006.
Apart from textbooks, resources from journal and magazine papers will be frequently referred.