Topics that will be covered are:

• Stylized facts about world trade
• Myths surrounding trade and trade policy
• Why is there trade between different and between similar countries?
• Who are winners and losers from trade?
• What is the WTO and how does it influence trade?
• What are the tools of trade policy and how do they affect countries and firms?
• Why are there trade negotiations, free trade areas, customs unions and how do they work?
• How are trade disputes settled?
• Actions of governments that are faced with "unfair" trade practices such as dumping or export subsidies.
• Short overview of current topics

These topics are covered in chapters 1-4, 6, 8-11 in Feenstra & Taylor (see below). Additional sources will be provided by the lecturer.

Students are requested to attend the course regularly. Attendance will be checked in each unit. You can miss the course twice without notice.

Classic lectures, one data assignment (home work), readings and discussion on current topics.

You can earn 100 points in total:

• 20 points on homework assignments
• 30 points on a midterm exam
• 50 points on a final exam
   

Please log in with your WU account to use all functionalities of read!t. For off-campus access to our licensed electronic resources, remember to activate your VPN connection connection. In case you encounter any technical problems or have questions regarding read!t, please feel free to contact the library at readinglists@wu.ac.at.

• Applied Microeconomics: knowledge of different market forms, concepts of demand and supply, consumer and producer surplus
• International Macroeconomics would be advantageous: basic knowledge of the current account and institutions

mghodsi@wu.ac.at