Introduction to International Trade; Gains from Trade and Policy Coordination Reading: Ch. 2 (Ch. 1 optional)

Topic: Productivity & Comparative Advantage: The Ricardian Model Reading: Ch. 3 + Intro to Ch. 4

Topic: Specific Factors, Endowment & Income Distribution; Migration Reading: Ch. 4 + Intro to Ch. 5

Topic: Resources, Comparative Advantage, and Income Distribution; Heckscher-Ohlin Model Reading: Ch.5

The Standard Trade Model; Terms of Trade; International Transfers of Income and Trade Policy Tools Reading: Ch. 6 (case study on p.158-160 & appendix on p.170 not required but recommended)

External Economies of Scale, Dynamic Increasing Returns Reading: Ch. 7 (yellow box on p.188 recommended) Ch. 8 Imperfect Competition Theory (p.193-201)

Imperfect Competition, and International Trade; Dumping and Anti-Dumping Policies; Export Decisions, Outsourcing & Multinationals Reading: Ch. 8 p.201-230 (p.202-205, yellow box on p.225 recommended; appendix optional)

Midterm exam: An open-book, 75-minute exam on Chapters 3-8 Held on 24-March at 18:15~19:30 in Room 3.13.

The (real) midterm solutions are now attached below. Again, apologies for making the exam too long! I will grade leniently, recognizing that you had to make tough choices on how to answer different questions. I will be emailing you updates as I grade your quizzes & exam.

Instruments of Trade Policy; Tariffs, Subsidies, and Non-Tariff Barriers Reading: Ch. 9 (appendix recommended) Guest lecture by Zuzana Havránková (paper & PPT attached - to be covered on Final Exam!) Student presentations by Tereza and Denisa (PPT attached)

The Political Economy of Trade Policy; Free Trade vs. Protectionism; WTO & FTAs; Agricultural Trade & Specific Safeguard Mechanisms Reading: Ch. 10 + appendix Guest lecture by Maroš Ivanič

Trade Policy in Developing Countries; Export-Oriented Industrialization and Trade Liberalization Reading: Ch. 11 Presentation by Lukas on 'Import-Substituting Industrialization'

Market Imperfections as Sources of Controversy; Strategic Considerations in Trade Policy; Low-Wage Labor Exploitation Reading: Ch. 12 Viktor's talk on "Arguments for Activist Trade Policy" & Petr's talk on "Globalization & Low-Wage Labor + Globalization & Environment"

- Quiz on ch.12 - Lecture: Globalization & Environment: Theory; International Environmental Agreements: Theory & Practice - Information & materials for the final exam

The Final Exam will be held on 14-May from 19:15 to 20:30 in Room 3.10! The open-book exam will span from Multinationals & Outsourcing in Ch.9 to Strategic Trade Policies in Ch.12.

The course is officially over. Final exam solutions are attached. You can pick up your exams from my mailbox anytime! You'll have questions? I'll have answers! Contact me with any concerns! Then I will run some last checks, sleep it over, & post your course grades on the system. And we will all enjoy a great summer!

Come pick up anytime!