This course will provide students with an analytical framework for the study of international trade. It is divided into four main parts. The first considers both the predictions of the classical trade theory (i.e., the Ricardian Model and the Heckscher-Ohlin Model) and the new trade models with imperfect competition, including the most recent developments related to firm- level evidence. The second one discusses the effects and the political economy determinants of trade policy. Preferential trade agreements will also be discussed. The third part is devoted to analysing the topic of migration flows, their characteristics, determinants, evolution and impacts. Finally, the last part deals with the empirical analysis of international trade.
The course considers both the theories and recent empirical works, as well as a discussion of the relevant methodological issues in measurement and estimation.
At the end of the course students will be able to understand the main determinants of international trade and migration flows, the characteristics and implications of trade policy measures and to work with trade and trade policy data.