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Facoltą di Scienze Agrarie e Alimentari Universitą degli Studi di Milano
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International agrifood markets and policy
Codice: G581F-
Docente:  Alessandro Olper
Anno di corso:   
Quadrimestre/semestre: 
CFU: 
Articolazione dei CFU: Lezioni frontali: 5
Esercitazioni in aula: 1
Obiettivi formativi:  Compare and contrast different theoretical models of international trade and assess the suitability of these models in explaining observed international trade patterns and other related phenomena.
Demonstrate the ability to conduct diagrammatically simple partial and general equilibrium analyses of prevalent trade policy instruments.
Integrate the insights from theoretical trade models, trade policy analysis and political economy arguments of trade policy, for the purposes of explaining the landscape of protectionism across different countries and industries.
Competenze acquisite:  Develop coherent, structured and balanced opinions on ongoing debates in international trade, international cooperation, and globalization and be able to communicate these opinions both orally and in writing forms.
Apply the theoretical knowledge and analytical skills acquired from the course to analyze relevant policy issues in the areas of agriculture trade, the WTO trade negotiations, and issues concerning developing countries and economic development.
Sintesi del programma:  This course primarily covers the following topics. First, models seeking to explain the causes, patterns and consequences of international trade are presented. These include the Ricardian model, the HO model, the Specific Factors model and several new trade models featuring increasing returns and imperfect competition. Second, the theory of international trade policy, mainly the analysis of trade policy instruments under perfect and imperfect competitions, is introduced. Third, the institutions, such as the WTO and its various trade agreements, are discussed. Last, we turn to topics specific to agrifood trade and policy.
Programma:  Course Structure

The structure of international trade (F-T ch. 2-7; K-O-M ch. 2-7)
1. Technology and International trade: the Ricardian model
2. Gains and losses from international trade: the specific-factors model
3. Trade and resource endowment: the Heckscher-Ohlin model
4. Economies of scale and imperfect competition

International trade policy (F-T ch. 8-11; K-O-M ch. 9-12)
5. Tariff and quota under perfect competition
6. Export and production subsidies
7. International agreements on trade

Advanced topics (mainly through discussion of research papers)
8. The political economy of trade policy
9. Trade liberalization and productivity growth
10. Products quality and international trade

Recommended readings (Bibliography)
1. Feenstra R. C. e Taylor A. M. (2009), International Trade, Worth Publishers, New York (F-T)
2. Krugman P., Obstfeld M. and Melitz M.J. (2012). International Economics. Theory and Policy, Pearson (K-O-M)
3. Readings list suggested by the teacher

Assessment
The exam consists of a written mid-term test plus a final oral examination. Students who do not achieve a minimum grade in the mid-term test, are required to bring the relative material to the final oral.
Prerequisiti:  Info non disponibile
Propedeuticitą:  Info non disponibile
Materiale didattico:  1. Feenstra R. C. e Taylor A. M. (2009), International Trade, Worth Publishers, New York (F-T)
2. Krugman P., Obstfeld M. and Melitz M.J. (2012). International Economics. Theory and Policy, Pearson (K-O-M)
3. Readings list suggested by the teacher
Modalità d'esame e altre info:  The exam consists of a written mid-term test plus a final oral examination. Students who do not achieve a minimum grade in the mid-term test, are required to bring the relative material to the final oral.
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Programma di International agrifood markets and policy (versione in pdf)
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