International economics


These lectures continue the course of International Trade, presented by professor Émilie Caldeira. We introduce the Standard Trade Model, which may be seen as a general model from which the Ricardian and the Hecksher-Ohlin model are special cases.

We then study some commonly used trade policy instruments using partial equilibrium analysis.

  • Tariff policies
    • Tariffs
    • Subsidies
  • Other instruments in international trade
    • Quotas

The course closely follows “International Economics, Theory and Policy” by Krugman, Obstfeld and Melitz.