01 – 03 Jul
2026
Advanced Studies Program
Trade Models – Christoph Böhm
Course description
This course offers an introduction to standard trade models. It covers the Armington model, the Krugman model, the Melitz model, and – time permitting – additional models. For each model, we will carefully set up the economic environment, define the equilibrium, and solve it. We will then discuss properties of these models, such as the gains from trade, and the gravity relationship. We will also discuss the calibration of these models and how to perform counterfactual exercises.
Christoph Böhm (UT Austin)
Christoph E. Böhm is an associate professor at the department of Economics at UT Austin and NBER Faculty Research Associate. He has outstanding research on open and closed economy aspects of business cycles and stabilisation policy.
Timetable:
the course starts on Wednesday July 1st at 1:00pm and ends on Friday July 3rd at 2:00pm.
