ECON5440 INTERNATIONAL TRADE
This course offers theoretical, empirical and current topics in international trade. It covers studies of positive issues, such as: Why do countries trade? What goods do countries trade? How does openness to trade shape countries' industrial structure and global production sharing? The course also concerns the normative issues, such as: Is trade beneficial to everyone, or are there winners and losers? What is the impact of trade on economic growth, wage inequality and poverty? All these issues will be discussed both from theories and empirics, as well as at country, industry and firm level. In particular, we will also discuss the ongoing US-China trade war.