International Economics Lecture Notes

Short Description

Globalization is one of the major development trends in the world economy today. To understand the causes and consequences of globalization, we need basic knowledge about international trade theory. This course aims at getting familiar with the theory of international trade. At first, traditional approaches (the Ricardo model and the Heckscher-Ohlin model) are discussed. Moreover, more recent approaches (keywords are "imperfect competition" and "increasing returns to scale") are considered. In addition, we highlight the role of technological progress as well as the importance of public policy.

General information about the lecture can be found under Information

Lecture Notes

Chapter 1: Introduction

Chapter 2: Production and Supply

Chapter 3: Preferences

Chapter 4: General Equilibrium

Chapter 5: Gains from Trade

Basic Literature:

Markusen, J.R., J.R. Melvin, W.H. Kaempfer und K.E. Maskus, International Trade: Theory and Evidence, McGraw-Hill, New York, 1995.