Economics and politics of the agrifood sector

A.Y. 2017/2018
14
Max ECTS
120
Overall hours
SSD
AGR/01
Language
English
Learning objectives
¿ learn the basic elements of economic theory for the analysis of the food market
¿ develop knowledge about the organization of food chains and about the main economic issues of the food market
¿ analyze EU food policiesCompare 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, such as migration.
Demonstrate the ability to conduct diagrammatically (and with simple algebra) partial and general equilibrium analyses of prevalent trade policy instruments.
Integrate the insights from trade theory, trade policy analysis and political economy of trade policy, for the purposes of explaining the landscape of protectionism across different countries and industries and its implication for the environment and climate change issues.
Expected learning outcomes
¿ improve the knowledge on the food market and the organisations of the food supply chains
¿ improve the skills to be updated on the food policiesDevelop 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 multilateral and bilateral trade agreements, and issues concerning economic development and environmental problems.
Course syllabus and organization

Single session

Responsible
Lesson period
Second semester
International agrifood markets and policies
Course syllabus
International agri-food markets & policies

Goals and learning outcomes
The course will introduce students to basic and advanced topics in international trade with emphasis to the agri-food sector and environmental issues. Knowledge of international trade models, of the effects of trade policy, and topics such as the political economy of trade policy, environmental and food standards, climate change and migration, will be the main learning outcomes. The presentation of the different theoretical models will give emphasis to applied works and issues pertinent to current real problems.

Course outline:

Neoclassic Trade Models (F-T ch. 2-4)
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. Movement of labor and migration
New (New) Trade Models (F-T ch 6; K-O-M ch. 7; readings)
5. Economies of Scale and Imperfect Competition
6. Monopolistic Competition with Firms Heterogeneity
7. Gravity Models and Gravity Equations
International Trade Policy (F-T ch. 8, 10 and 11)
8. Tariff and Quota Under Perfect Competition
9. Export and Production Subsidies and Tax
10. International Agreements on Trade and the environment
Advanced Topics (mainly through research papers)
11. The political economy of trade policy (K-O-M ch 10; F ch 9; Slides & readings)
12. Trade and welfare effects of environmental and food standards (Slides & readings)
13. Trade and the environment (F&T ch 11, Slides & readings)
14. Climate change, migrations and agriculture (F-T ch. 5, Slides & readings)

Textbooks

1. Feenstra R. C. e Taylor A. M. (2014). International Trade, Worth MacMillan, New York (F-T). This represent the reference book.
2. Krugman P., Obstfeld M. and Melitz M.J. (2012). International Economics. Theory and Policy, Pearson (K-O-M, just ch 8 (pp. 202-08) and Ch. 10. These chapters will be available on Ariel.
3. Readings suggested by the teacher (available on Ariel).

Assessment:

The exam consists of:
1. a written mid-term test (40% of the grade);
2. a group work (30%);
3. a final oral examination (20%).
Students who do not achieve a minimum grade in the mid-term test, cannot repeat it, but are required to bring the relative material to the final oral examination.
The group work will be based on a short written paper of about 12 pages that will be presented and discussed with the class. Details of the group composition, paper organization and ppt presentation structure will be given later.
Teaching methods
Textbooks:

1. Feenstra R. C. e Taylor A. M. (2014). International Trade, Worth MacMillan, New York (F-T). This represent the reference book.
2. Krugman P., Obstfeld M. and Melitz M.J. (2012). International Economics. Theory and Policy, Pearson (K-O-M, just ch 8 (pp. 202-08) and Ch. 10. These chapters will be available on Ariel.
3. Readings suggested by the teacher (available on Ariel).
Agrifood economics
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 7
Lessons: 56 hours
International agrifood markets and policies
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 7
Practicals: 16 hours
Lessons: 48 hours
Professor: Olper Alessandro