Sustainable Globalization

Degree programs: MSc Logistics & SCM, MSc Management

This course is an introduction to the economics of international trade and trade policy. Students will learn analytical tools that help them to critically assess the complex phenomenon of globalization. We will aim at demystifying some of the intricate issues surrounding its debate, such as:

• What makes an industry competitive in world markets?

• Which firms engage in exporting and foreign direct investment?

• How does globalization affect the environment?

• Can international trade facilitate economic development?

• Who gains and who loses from international trade?

• Is it desirable to run an aggregate trade surplus?

• Is trade liberalization responsible for rising inequality?

• What are the labor market effects of trade?

• Do free trade agreements increase welfare?

During the course, I will seek to cover the following topics:

(1) Gravity equation

(2) Ricardian trade theory

(3) Gains from trade

(4) Factor proportions theory

(5) Trade and inequality

(6) Trade and unemployment

(7) New trade theory

(8) Heterogeneous firms

(9) Foreign direct investment

(10) Trade and development

(11) Aggregate trade imbalances

(12) Trade and the Environment

(13) The world trading system

Course facts

Offered byProf. Marcos Ritel, PhD
ECTS credits5
Method of examinationWritten Exam (70%) Problem Sets (30%)