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Instructors: Andrea Lassmann
Event type:
Lecture
Displayed in timetable as:
03.184.4175
Hours per week:
2
Language of instruction:
Englisch
Min. | Max. participants:
- | -
Requirements / organisational issues:
Professorin Lassmann
Tutor: Shiyun Hu
Prerequisites:
Students should be familiar with basic micro- and macroeconomics. You are strongly advised to attend the first lecture, which provides an overview on the goal of this course.
Contents:
Course Objectives:
Theoretical and empirical research has shown that international integration induces moderate to sizeable aggregate welfare gains in countries. At the same time, there are widespread perceptions that globalization has strong distributional effects, aggravates economic inequality and disrupts local labor markets. In this course we want to understand the consequences of increased integration for labor markets, and to identify winners and losers from globalization. We review standard trade theory with a focus on labor market effects of trade. We also put empirical literature on this topic into context, for example regarding the labor market effects of rapid economic integration and trade liberalization periods. We shed light on distributional effects of outsourcing and offshoring. Finally, we discuss policies that can support groups harmed by globalization. Specifically, we shed light on international agreements relevant for labor, and on economic and social instruments, which potentially absorb losses from trade. The course mostly discusses distributional effects of globalization. We do not cover general macro-related aspects related to globalization and labor markets (e.g., trade imbalances, aggregate unemployment, labor market frictions).
In the lecture, we will shed light on two fundamental trade models, the specific factors and the Heckscher-Ohlin model. Other seminal models that we cover are trade in intermediate inputs and trade in tasks. Students will also learn about empirical strategies that can be used to examine aspects of these models. To complete the picture, we will look at the distributional effects of immi-gration and the relationship between immigration and trade.
Grading: E-exam on the basis of the aim of this course (see course objectives). Successful students will receive 6 ECTS. I will provide an application of each lecture topic during the lecture or prepare problem sets for the tutorial: you can solve them on your own or in groups.
Recommended reading list:
Textbooks used in this course:
- International economics, by Paul R. Krugman, M. Obstfeld and Marc J. Melitz
- Advanced international trade, by Robert C. Feenstra: relevant chapter here: https://cid.econ.ucdavis.edu/Papers/pdf/Feenstra_Ohlin_Lecture_2008.pdf
These books are optional. Depending on your precursory level, the second book can be difficult for Bachelor students.
Additional information:
Extra Help:
Slides and materials will be made available via LMS Moodle.
Do not hesitate to write us an email or obtain an office hour appointment to discuss your questions concerning the course.
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