Università Roma Tre

This course will provide students with an analytical framework for the study of international trade. It is divided into three 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 analyse the topic of migration flows, their characteristics, determinants and historical evolution.
The course considers both the theories and recent empirical works, as well as a discussion of the relevant methodological issues in measurement and estimation.
Articles on current topics will be proposed during the class with the purpose of stimulating class discussion.

Outline
Section 1: International trade: stylized facts
- Facts, changes and history of globalization
Section 2: Trade theories
- The Ricardian Model
- The Specific-Factors Model
- Factor endowments and the Heckscher-Ohlin Model
- Movement of labor and Capital
- The New Trade Theories
- Offshoring and Global Value Chain
- Firm Heterogeneity
Section 3: Trade policy
- Import Tariffs and Quotas
- Export subsidies and taxes
- Non-tariff barriers
- Multilateral trade integration: the World Trade Organization
Section 4: Migration
- International migration flows
- Determinants of migration
- Economic impact of migration on countries of origin and destination
Section 5: Empirical lab sessions
- Trade and trade policies data sources
- Working with trade and trade policies data: the gravity model

Feenstra R. C. and A.M Taylor (2017), International Trade, Forth Edition, Worth Publishers, chapters: 1, 2, 3, 4, 5, 6, 7, 8, 9.
Clemens, M. A. 2011. “Economics and Emigration: Trillion-Dollar Bills on the Sidewalk?”, Journal of Economic Perspectives, Vol. 25, No. 3 (Summer), pp. 83-106.
Lecture slides, articles and other teaching material will be downloadable from the Web page of the course.

Students attended the MA program (Laurea Magistrale) in International Studies:
The course offers 6 CFU for students admitted to the MA program in International Studies in the academic year 2023-2024. Therefore, a shorter study program is provided for these students: chapters 3 and 9 are excluded from the program.