TRADE Globalization, firms and trade policies - PSE SUMMER SCHOOL

From June 18 to June 22, 2018

TRADE
Globalization, firms
and trade policies

PSE SUMMER SCHOOL
www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018                                                                                 .           TRADE

TRADE
Globalization, firms and trade policies
From June 18 to June 22, 2018

OVERVIEW
This programme addresses recent debates at the frontier of the field: globalization, the distributive effects of trade, the
role of large firms in the global economy, advances in methods to analyze firm level export data and finally the revival of
trade policies:
          - Recent Developments in Trade Policy Analysis (Anne-Célia Disdier, PSE) - 6 h
          - Advanced Methods for Firm Level Trade Data (Maria Bas, Université Paris 1) - 6 h
          - Large Firms in the Global Economy (Mathieu Parenti, ULB) - 9 h
          - Trade and Income Distribution (Ariell Reshef, PSE) - 9 h

WORKSHOP
Participants will have the opportunity to submit a paper to be presented within this program. Selected papers will be
presented in front of participants and faculty in daily one-hour slots.

PREREQUISITES
Graduates in economics with strong theoretical and empirical skills.

PROFESSORS
Maria Bas is Professor of economics at the Université Paris I Panthéon-Sorbonne, affiliated with the Centre d’Economie
de la Sorbonne and the Director of the Master 2 International Trade. She received her PhD from Ecole des Hautes
Etudes en Sciences Sociales and Paris School of Economics in 2008. She did her Post-doctoral studies at Penn State
University and London School of Economics before joining the Centre d’Etudes Prospectives et d’Informations
Internationales (CEPII, Paris) from 2009 to 2015. She has joint the University of Paris 1 in 2015. She has written
numerous micro-econometric studies on the effects of trade integration on firm performance. Her recent works focus
on the determinants of trade elasticities, the effects of globalization on local labor markets and product quality and
trade. https://sites.google.com/site/basmaria80/research

Anne-Célia Disdier is Senior Researcher at the Paris School of Economics, INRA since 2011. She was researcher at the
Public Policy lab’ of the INRA since 2009. She has also been and Consultant for the OECD, Trade and Agriculture
Directorate, and a Post-doc fellow with the Centro Studi Luca d’Agliano, within the CEPR Research Training Network
“‘Trade, Industrialization and Development”. In 2011 she won the INRA Young Researcher Award. She has published
papers in many journals, including American Journal of Agricultural Economics, Canadian Journal of Economics, Health
Economics, Journal of Comparative Economics, Journal of International Economics, Review of Economics and Statistics,
Review of International Economics, or The World Bank Economic Review. Her research focuses on modelling
international trade, and measuring the impact of NTMs, with a particular reference to agriculture.
https://www.parisschoolofeconomics.eu/en/disdier-anne-celia/

PSE SUMMER SCHOOL 2018                                                                       www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018                                                                                .           TRADE
Mathieu Parenti is an assistant Professor at Université Libre de Bruxelles, a research fellow at the European Center for
Advanced Research in Economics and Statistics (ECARES) and a research affiliate at the Center for Economic Policy
Research (CEPR). He has received his PhD from the Paris School of Economics (Université Paris 1) in 2012. His fields of
research are International Trade and Industrial Organization. His recent papers focus on the determinants of firms’
market power in the global economy as well as tax avoidance by multinational firms.
https://sites.google.com/site/mathieuparenti/home/

Ariell Reshef is an Associate Member of the Paris School of Economics and a CNRS researcher (Directeur de Recherche)
at the Centre d'Economie de la Sorbonne, Université Paris 1 Panthéon-Sorbonne. Until January 2016 he was an
Associate Professor (with tenure) at the University of Virginia. He obtained his Ph.D. in economics from New York
University in 2008. His research interests focus on income distribution – in particular, the relationship of labor markets
with global trade, technological change, and regulation. His work lies at the intersection of International Trade, Labor
Economics, and Macroeconomics. His current research projects examine structural change of employment and
evolution of productivity in France, compensation in the financial sector, and the long run evolution of the legal
services sector in the United States.
http://www.parisschoolofeconomics.eu/en/reshef-ariell/

Programme Supervisor: Lionel Fontagné

Lionel Fontagné is Professor of economics at the Paris School of Economics, Université Paris I Panthéon Sorbonne, and
the Director of the Centre d’Economie de la Sorbonne (CES, Paris). He has been the Director of the Centre d’Etudes
Prospectives et d’Informations Internationales (CEPII, Paris) from 2000 to 2006. He is also a member of the Conseil
d'Analyse Economique (Council of Economic Analysis to the French Prime Minister), a scientific advisor to CEPII and a
CESifo Research Fellow (Munich). He has written numerous studies on international trade and integration issues. His
recent works focus on heterogeneous firms’ reaction to trade protection and long-term developments of the world
economy. http://www.parisschoolofeconomics.eu/en/fontagne-lionel/

PSE SUMMER SCHOOL 2018                                                                      www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018                                                                  .           TRADE

SCHEDULE
      Monday June, 18th
      8.30 am - 9 am Welcome coffee
      9 am - 10.30 am Maria Bas, Firm level Trade Data
      10.30 am - 10.45 am Break
      10.45 am - 12.45 pm Ariell Reshef, Trade and Income Distribution
      12.45 pm - 2 pm Lunch
      2 pm - 4 pm Ariell Reshef, Trade and Income Distribution
      4 pm - 4.15 pm Break
      4.15 pm - 5.15 pm Workshop/Workgroup/Discussion
      From 6 pm Welcome Cocktail

      Tuesday June, 19th
      9 am - 10.30 am Ariell Reshef, Trade and Income Distribution
      10.30 am - 10.45 am Break
      10.45 am - 12.45 pm Mathieu Parenti, Large firms in the global economy
      12.45 pm - 2 pm Lunch
      2 pm - 4 pm Maria Bas, Firm level Trade Data
      4 pm - 4.15 pm Break
      4.15 pm - 5.30 pm Workshop/Workgroup/Discussion
      From 6 pm Social Event

      Wednesday June, 20th
      9 am - 10.30 am Anne-Célia Disdier, Trade Policies
      10.30 am - 10.45 am Break
      10.45 am - 12.45 pm Maria Bas, Firm level Trade Data
      12.45 pm - 2 pm Lunch
      2 pm - 4 pm Mathieu Parenti, Large firms in the global economy
      4 pm - 4.15 pm Break
      4.15 pm - 6 pm Workshop/Workgroup/Discussion
      6 pm - 7 pm François Bourguignon, Plenary lecture

      Thursday June, 21th
      9 am - 10.30 am Mathieu Parenti, Large firms in the global economy
      10.30 am - 10.45 am Break
      10.45 am - 12.45 pm Anne-Célia Disdier, Trade Policies
      12.45 pm - 2 pm Lunch
      2 pm - 4 pm Mathieu Parenti, Large firms in the global economy
      4 pm – 4.15 pm Break
      4.15 pm - 5.30 pm Workshop/Workgroup/Discussion
      From 6 pm Social Event

      Friday June, 22nd
      9 am - 10.30 am Ariell Reshef, Trade and Income Distribution
      10.30 am - 10.45 am Break
      10.45 am - 12.45 am Anne-Célia Disdier, Trade Policies
      12.45 pm - 2 pm Lunch
      2 pm - 4 pm Ariell Reshef, Trade and Income Distribution
      4 pm - 4.15 pm Break
      4.15 pm - 6.15 pm Workshop/Workgroup/Discussion
      From 6 pm Social Farewell cocktail/certificates

PSE SUMMER SCHOOL 2018                                                         www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018
TRADE                                                                                                   .           TRADE

Advanced Methods for Firm Level Trade Data
Maria Bas

                                                            This course takes place on Monday, Tuesday and Wednesday
OBJECTIVES
This course presents the recent micro-econometric studies on the effect of globalization on firm performance using
firm level data. The first part of the course concentrates on the empirical trade literature that investigates the role of
trade liberalization, through reductions of both output and input tariffs, on firm productivity gains, product innovation
and wages. The second part presents the recent works that have introduced heterogeneous product quality, both on
the demand and supply side, to understand why firms that export are not only the most productive but also sell
products at higher prices (unit values) on the export market. The last part of the course focuses on the micro-
determinants of the trade elasticity including both demand and supply factors. It also presents the different micro-level
methodologies to estimate trade elasticities with micro-data.

COURSE STRUCTURE & REFERENCES
    1. Trade integration and firm performance
        - Pavcnik, N. (2002) Trade liberalization, Exit and Productivity improvements: Evidence from Chilean Plants, Review
        of Economic Studies, 69, 245-276.
        - Amiti, M. and Konings, J. (2007) Trade Liberalization, Intermediate Inputs, and Productivity. American Economic
        Review, December vol. 97(05), pp.1611-1638.
        - Goldberg, P., Khandelwal, A, Pavcnik, N. and P. Topalova (2010) Imported Intermediate Inputs and Domestic
        Product Growth: Evidence from India, Quarterly Journal of Economics 125(4), pp. 1727-1767.
        - Amiti, M. and Davis, D. (2012) Trade, Firms, and Wages: Theory and Evidence, Review of Economic Studies, vol.
        79(1) 1 -36.
    2. Trade and product quality in heterogeneous firms’ models
        - Verhoogen, E. (2008) Trade, quality upgrading and wage inequality in the Mexican
        manufacturing sector, Quarterly Journal of Economics. 123 (2), 489–530.
        - Kugler, M., Verhoogen, E. (2012) Prices, plant size and product quality. Review of Economic Studies, 79 (1), 307–
        339.
        - Khandelwal, A., Schott, P., Wei, S. (2013) Trade liberalization and embedded institutional reform: evidence from
        Chinese exporters. American Economic Review,. 103 (6), 2169–2195.
        - Bas, M. and Strauss-Kahn, V. (2015) Input-Trade Liberalization, Export Prices and Quality Upgrading, Journal of
        International Economics, Vol. 95 (2), p.p. 250–262.
    3. Trade, Prices, Markups and Micro-determinants of trade elasticities
        - De Loecker, P. Goldberg, A. Khandelwal and N. Pavcnik (2016) Prices, Markups and Trade Reform, 2016,
        Econometrica, Vol. 84, No. 2 (March), 445-510.
        - Chaney, T. (2008) Distorted gravity: the intensive and extensive margins of international trade. American Economic
        Review 98 (4), 1707–1721.
        - Bas, M., T. Mayer and M. Thoenig (2017) From Micro to Macro: Demand, Supply, and Heterogeneity in the Trade
        Elasticity, Journal of International Economics, 108: 1-19.

PSE SUMMER SCHOOL 2018                                                                        www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018
TRADE                                                                                                   .           TRADE

Trade and Income Distribution
Ariell Reshef

                                                                   This course takes place on Monday, Tuesday and Friday
OBJECTIVES
The goal is to study the income distribution consequences of globalization: trade in final goods, trade in intermediate
inputs, trade in capital, offshoring, foreign direct investment, multinational firm activity. We will consider several
channels through which globalization, and in particular changes in market access, affects domestic labor markets, for
example, through changes in relative demand for different types of labor inputs, or through changes in incentives to
invest and technological responses. These manifest themselves in the distribution of income via reallocation of
resources across productive units, changes in the internal organization of productive units, fair wages, and more. Given
the inherent complementarities between technology and market access, it is impossible to discuss globalization
without any mention of technological change, so we will also touch upon this topic as well.

COURSE STRUCTURE & REFERENCES
    0. General Background Readings
        - Wood (1995): “How Trade Hurt Unskilled Workers”, The Journal of Economic Perspectives
        - Richardson (1995): “Income Inequality and Trade: How to Think, What to Conclude”, The Journal of Economic
        Perspectives
        - Freeman (1995): “Are Your Wages Set in Beijing?”, The Journal of Economic Perspectives
        - Harrison, McLaren and McMillan (2011): “Recent Perspectives on Trade and Inequality”, World Bank, Policy
        Research Working Paper 5754.
        - Dix-Carneiro and Kovak (2017): "Trade Liberalization and Regional Dynamics", American Economic Review.
    1. Why do we think trade and income distribution are linked?
        - Basic Heckscher-Ohlin logic: competition in the product space and industry reallocation.
        - Theoretical underpinnings
        - Counterfactual predictions and (tentative) empirical failure
        - Does China joining the global trade system not matter for income distribution?
    2. Juxtaposing the technology narrative with trade liberalization
        - Berman, Bound and Griliches (1994): "Changes in the Demand for Skilled Labor within U.S. Manufacturing:
        Evidence from the Annual Survey of Manufacturers", The Quarterly Journal of Economics
        - Machin and van Reenen (1998): "Technology and Changes in the Skill Structure: Evidence from Seven OECD
        Countries", The Quarterly Journal of Economics
        - Bernard and Jensen (1997): "Exporters, Skill Upgrading, and the Wage Gap", Journal of International Economics
        - Harrigan and Reshef (2015): "Skill-biased heterogeneous firms, trade liberalization and the skill premium",
        Canadian Journal of Economics
    3. The capital input channel of trade liberalization
        - Csillag and Koren (2011): "Machines and machinists: Capital-skill complementarity from an international trade
        perspective", working paper
        - Burstein, Cravino and Vogel (2013): "Importing Skill-Biased Technology", AEJ: Macroeconomics
        - Raveh and Reshef (2016): "Capital Imports Composition, Complementarities, and the Skill Premium in Developing
        Countries", Journal of Development Economics
    4. Special consideration for developing countries
        - Goldberg and Pavcnik (2003): "The response of the informal sector to trade liberalization", Journal of Development
        Economics
        - Attanasio, Goldberg and Pavcnik (2004): "Trade reforms and wage inequality in Colombia", Journal of Development
        Economics
        - Goldberg and Pavcnik (2005): "Trade wages and the political economy of trade protection", Journal of International
        Economics
        - Zhu and Trefler (2005): “Trade and inequality in developing countries: a general equilibrium analysis”, Journal of
        International Economics

PSE SUMMER SCHOOL 2018                                                                         www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018                                                                             .           TRADE
   5. Foreign direct investment and offshoring
      - Feenstra and Hanson (1997): "Foreign direct investment and relative wages: Evidence from Mexico’s
      maquiladoras", Journal of International Economics
      - Grossman and Rosi-Hansberg (2008): "Trading Tasks: A Simple Theory of Offshoring", The American Economic
      Review
      - Hummels, Munch, and Xiang (2016): “Offshoring and Labor Markets”, NBER Working Paper No. 22041
   6. Trade-induced technological change
      - Thoenig and Verdier (2003): "A Theory of Defensive Skill-Biased Innovation and Globalization", The American
      Economic Review
      - Yeaple (2005): "A simple model of firm heterogeneity, international trade, and wages", Journal of International
      Economics
      - Verhoogen (2008): "Trade, Quality Upgrading, and Wage Inequality in the Mexican Manufacturing Sector",
      Quarterly Journal of Economics
      - Bloom, Draca and van Reenen (2015): "Trade Induced Technical Change? The Impact of Chinese Imports on
      Innovation, IT and Productivity", Review of Economic Studies
   7. Individual effects and sorting
      - Egger and Kreickemeier (2009): "Firm Heterogeneity and the Labor Market Effects of Trade Liberalization",
      International Economic Review
      - Amiti and Davis (2011): "Trade, Firms, and Wages: Theory and Evidence", Review of Economic Studies
      - Helpman, Itskhoki and Redding (2010): "Inequality and unemployment in the global economy", Econometrica
      - Costinot and Vogel (2010): Matching and Inequality in the World Economy”, Journal of Political Economy
      - Sampson (2014): “Selection into Trade and Wage Inequality”, American Economic Journal: Microeconomics
   8. Local labor market effects
      - Autor, Dorn and Hanson (2013): “The China Syndrome: Local Labor Effects of Import Competition in the United
      States”, The American Economic Review
      - Autor, Dorn and Hanson (2014): “Untangling Trade and Technology: Evidence from Local Labor Markets”, The
      Economic Journal

PSE SUMMER SCHOOL 2018                                                                    www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018
TRADE                                                                                                      .            TRADE

Large Firms in the Global Economy
Mathieu Parenti

                                                             This course takes place on Tuesday, Wednesday and Thursday
OBJECTIVES
Thanks to the availability of firm-level data, a series of empirical studies has brought to the fore that only a few large
firms participate significantly to the globalization of trade. Understanding the behavior of the average exporting firm
does not tell us much about an industry as a whole. In this course, we devote a specific attention to these large players.
The course starts with a presentation of various extensions of the canonical Mélitz with general preferences under
monopolistic competition that can rationalize sales and markup dispersion across firms. It continues with a focus on
large firms’ strategic behavior regarding their product scope and/or pricing decisions. Last, it discusses recent
advancements about the macroeconomic impact of “granular” economies in international trade.

COURSE STRUCTURE & REFERENCES
    1. Firm heterogeneity and market power
           a. Firm size distribution
           b. Variable mark-ups
        - De Loecker, J. & Warzynski, F. (2012), ‘Markups and firm-level export status’, The American Economic Review pp.
        2437–2471.
        - Dhingra, S. & Morrow, J. (2016), ‘Monopolistic competition and optimum product diversity under firm
        heterogeneity’, mimeo.
        - Mrázová, M., Neary, J. P. & Parenti, M. (2015), ‘Technology, demand and the size distribution of firms’, University
        of Oxford, Department of Economics Economics Series Working Papers (774).
        - Melitz, M. J. & Ottaviano, G. I. (2008), ‘Market size, trade, and productivity’, The review of economic studies 75(1),
        295–316.
        - Parenti, M., Ushchev, P. & Thisse, J.-F. (2014), ‘Toward a theory of monopolistic competition’, CEPR DP10014
    2. Strategic behavior
           a. Pass-through; strategic pricing
           b. Multi-product firms
        - Amiti, M., Itskhoki, O. & Konings, J. (2016) " International Shocks and Domestic Prices: How Large Are Strategic
        Complementarities?" CEPR DP11182
        - Berman, N., Martin, P. & Mayer, T. (2012), ‘How do different exporters react to exchange rate changes?’, The
        Quarterly Journal of Economics 127(1), 437–492.
        - Bernard, Andrew B., et al. Carry-along trade. No. w18246. National Bureau of Economic Research, 2012.
        - Eckel, C. & Neary, J. P. (2010), ‘Multi-product firms and flexible manufacturing in the global economy’, The Review
        of Economic Studies 77(1), 188–217.
        - Fontagné, L., A. Secchi, and C. Tomasi. (2015) "Exporters product mix across markets: the fickle fringe and the
        stable core.", mimeo
        - Hottman, C., Redding, S. J. & Weinstein, D. E. (2016), ‘Quantifying the sources of firm heterogeneity’, Quarterly
        Journal of Economics.
        - Mrázová, Monika, and J. Peter Neary. "Not so demanding: Preference structure, firm behavior, and welfare."
    3. Granularity: from micro to macro
          a. Volatility
          b. International Trade
        - Carvalho, V and B. Grassi (2015) “Large Firm Dynamics and the Business Cycle”, CEPR DP10587.
        - Eaton, J., S. Kortum and S. Sotelo (2012): “International Trade: Linking the Micro and the Macro,” NBER Working
        Paper, 17864
        - Gabaix, X. (2011) ‘The granular origins of aggregate fluctuations’, Econometrica 79(3), 733–772
        - Gaubert, C., and O. Itskhoki (2015): “Granular Comparative Advantage,” Princeton University, mimeo
        - Parenti, M. (2015), ‘David vs. Goliath’, ECARES Working Papers (53).Policy Instruments

PSE SUMMER SCHOOL 2018                                                                           www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2018
TRADE                                                                                                    .            TRADE

Recent Advances in Trade Policy Analysis
Anne-Célia Disdier

                                                              This course takes place on Wednesday, Thursday and Friday
OBJECTIVES
Recent years have seen three important changes in the trade policy. First, tariffs on goods have been largely bound and
reduced to an average below 5%, whereas non-tariff measures such as technical, sanitary, and regulatory measures at
the border have spread. Second, economic integration is increasingly conducted at the bilateral or regional level
through “modern” preferential trade agreements, while the multilateral scene has become too heterogeneous to
converge easily on ambitious and mutually beneficial liberalization agendas. This course reviews recent advancements
in the quantification of trade policy effects though the estimation of structural gravity models. It also explores the
motives and trade effects of “modern” Preferential Trade Agreements. Finally, it investigates the non-tariff measures
and their trade, price and welfare effects.

COURSE STRUCTURE
    1. Quantification of trade policy effects
        - Anderson, J. E. and E. van Wincoop (2003), “Gravity with Gravitas: A Solution to the Border Puzzle,” American
        Economic Review, 93(1): 170-192.
        Costinot, A. and A. Rodriguez-Clare (2014), “Trade Theory with Numbers: Quantifying the Consequences of
        Globalization”, In: Gopinath G., Helpman, E and K. Rogoff (Eds.), Handbook of International Economics, vol. 4.
        Elsevier, Oxford, pp. 197-261.
        - Fally, T. (2015), “Structural Gravity and Fixed Effects”, Journal of International Economics 97(1): 76-85.
        - Larch, M., J-A. Monteiro, R. Piermartini and Y. Yotov (2016), “An Advanced Guide to Trade Policy Analysis: The
        Structural Gravity Model”, Co-published by UN Conference on Trade and Development and WTO.
        - Head, K. and T. Mayer (2014), “Gravity Equations: Workhorse, Toolkit, and Cookbook,” In: Gopinath G., Helpman, E
        and K. Rogoff (Eds.), Handbook of International Economics, vol. 4. Elsevier, Oxford, pp. 131-195.
    2. Preferential trade agreements
        - Anderson, J.E. and Y. Yotov (2016), “Terms of trade and global efficiency effects of free trade agreements, 1990-
        2002”, Journal of International Economics, 99, 279-298.
        - Bagwell, K. and R.W. Staiger (2016), “The design of trade agreements”, In: Bagwell, K., Staiger, R. (Eds.), Handbook
        of Commercial Policy, vol. 1A. Elsevier, Amsterdam, North-Holland, pp. 435-529.
        - Baier, S.L., J.H. Bergstrand, and M. Feng (2014), “Economic integration agreements and the margins of international
        trade”, Journal of International Economics, 93 (2), 339-350.
        - Caliendo, L. and F. Parro (2015) “Estimates of the trade and welfare effects of NAFTA”, The Review of Economic
        Studies, 82(1): 1-44.
        - Limao, N. and G. Maggi (2015), “Uncertainty and trade agreements”, American Economic Journal: Microeconomics,
        7(4), 1–42.
    3. Non-tariff measures
        - Cadot, O. and J. Gourdon (2016), “Non-tariff measures, preferential trade agreements, and prices: new evidence,"
        Review of World Economics, 152(2): 227-249.
        - Chen, N. and D. Novy (2011), “Gravity, trade integration, and heterogeneity across industries”, Journal of
        International Economics, 85(2), 206–221.
        - Chen, M.X. and A. Mattoo (2008), “Regionalism in standards: good or bad for trade?”, Canadian Journal of
        Economics, 41(3): 838-863.
        - Ederington, J. and M. Ruta (2016), “Nontariff measures and the world trading system”, In K. Bagwell and R. Staiger
        (Eds.), Handbook of Commercial Policy, vol. 1B. Elsevier, Amsterdam, North-Holland, pp. 211–277.
        - Kee, H.L., A. Nicita, and M. Olarreaga (2009), “Estimating Trade Restrictiveness Indices”, The Economic Journal,
        119: 172-199.
        - Van Tongeren, F., J.C. Beghin, and S. Marette (2009), “A Cost-Benefit Framework for the Assessment of Non-Tariff
        Measures in Agro-Food Trade”, OECD Food, Agriculture and Fisheries Working Papers, No. 21, OECD Publishing.

PSE SUMMER SCHOOL 2018                                                                         www.parisschoolofeconomics.eu

HOW TO APPLY TO THE PSE SUMMER SCHOOL 2018
Presentation
Our one-week programmes are entirely run in English. Each includes a total of around 30 hours instruction and
workshops and consists of different thematic courses that are complementary. You are expected to participate in all of
the courses; you can follow only one programme per week, but can apply to two consecutive ones. At the end of the
programme, you will receive a certificate.
Each programme is equivalent to 3 ECTS (European Credit Transfer System). Students interested in this transfer should
contact their universities.
Here are the links to the different programmes (lectures, Professors, schedule, prerequisites etc.):
                        First week - from June 18 to June 22                                                 Second week - from June 25 to June 29

   CLIMATE      MACROECO.          MICROECO.           MIGRATION        TRADE         BOUNDED       DEVELOPMENT        EXPERIMENTAL           HEALTH          INDUSTRIAL
   CHANGE                                              ECONOMICS                     RATIONALITY                        ECONOMICS                            ORGANIZATION
                                                                                                                                                              [not offered in 2018]

Participant profiles and selection
The PSE Summer School is aimed at professionals, researchers, as well as graduate students in Economics and Finance
(Masters and PhD). Undergraduate students in Economics will be considered only if their profile is exceptionally strong.
To be included in your application file:
    • A current Curriculum Vitae in pdf format                                               •     A profile picture [not used per se in the application process]
    • A copy of your most advanced degree                                                    •     For Students: proof of status
    • A short motivation text                                                                •     Optional - Letter(s) of recommendation
On www.pse-application.eu, candidates are invited to submit their applications on a rolling-basis. You can start the
process whenever you want, create and save your profile step by step. Once we get your final submission, your
applications file will be evaluated within 10 days until May 31, 2018 based on availability of spots in the relevant
programs. Once accepted, you will be requested to pay the total fees within 30 days*. Your participation will then be
confirmed, and you will receive detailed information about the courses, workshops, and social events, as well as
suggestions for accommodation.
                                                                * For those applying after May 10, 2018, the payment deadline is in any case June 10, 2018.

Fees
Fees include lunches and social events, as well as the welcome and the farewell cocktails. The fees do not include
accommodation, transport or any other services.
   Applicants not sponsored by their organizations                                        Applicants sponsored by their organizations
                                                                                              Excluding applicants from Universities (non-sponsored fees applies)
              Fees for Students = 1200€
         Fees for other Participants = 1500€                                                                        Fees = 2000€

         A 250€ discount will be offered on each additional programme. For example: if you are a student attending 2 weeks, the total fees will be 2150€

                                                  Note that PSE Alumni, Students and Members receive a 10% discount.

Cancellation policy - Confirmed participants who wish to cancel must do so in writing by email. When withdrawing from
the programme, participants will have their tuition fees partially refunded as follows:
        - Cancellation before May 1st, 2018: 80% refund
        - Cancellation before June 1st, 2018: 50% refund
        - Cancellation after June 1st, 2018: no refund possible
                                                                             Any questions? summer-school@psemail.eu

PSE SUMMER SCHOOL 2018                                                                                                           www.parisschoolofeconomics.eu

A SUMMER ON THE JOURDAN CAMPUS…
The 2018 Edition will take place at PSE in the 14th arrondissement of Paris. A new 12500 m² building
houses around 1500 researchers, students, and administrative teams of the PSE and the Ecole normale
supérieure. The 1-hectare Jourdan campus offers ideal conditions: numerous classrooms and working
spaces, a 300 places amphitheater, a library with more than 50000 books, a student home…
                  More (online) about the Jourdan Campus – google maps, gallery, video

SUMMER SCHOOL

       2018, PARIS
  www.parisschoolofeconomics.eu