Trade Analysis and Policy

As Taught Spring Semester 2011


Professor C Milner & Dr H Gorg, School of Economics, University of Nottingham

Module Title: Trade Analysis and Policy

Module Code: L14042

Total Credits: 15

Level of Study: Post Graduate

Offering School: School of Economics

Frequency of Class: 1 x 1 hour lecture per week

Targeted Students: MSc students in the School of Economics

The content presented here provides information for prospective students on module L14042 – ‘Trade Analysis and Policy’, offered by the School of Economics, University of Nottingham. The module convenors are Professor C Milner and Dr H Gorg.

This module is made up of a series of related topics on trade analysis and policy. It is designed to show how the current tools of trade and trade policy analysis are used to explain trade flows and the effects of trade policy interventions and to test trade theories. The module will not seek to comprehensively review trade and commercial policy theory, but it will require both the theory and empirical techniques relevant to a particular topic to be examined. Material will be drawn from research on both developed and developing countries. The module will cover all of the broad topics below, but lectures will concentrate on a selection of the specific topics listed.

1. International trade

  • Comparative advantage
  • Monopolistic competition

2. International organization of the firm

  • Heterogeneity of firms
  • Boundaries of the firm

3. Trade Policy Analysis

  • Review of theory of trade policy
  • Instruments of trade policy

4.  Trade Policy Applications

  • Structure and measurement of protection
  • Incidence of protection and true protection measures
  • Trade openness, liberalisation and economic performance
  • Design and limits of trade policy reform