The Global Economy

EC 310-02,03

Winter 08

Section 02:

   T Th 2:15-3:55

   Rike 166

Section 03:

   T 6:05 – 9:25

   Rike 166


Dr. Barbara E. Hopkins

208-H Rike Hall



Office hours: T 4-5 Th1-2 or by appointment



Daniels, Joseph P. and David D. VanHoose, Global Economic Issues and Policies. Thompson: Mason , Ohio , 2004. (D&V)

Studyguide for Daniels and VanHoose.

Sklair, Leslie, Globalization: Capitalism and Its Alternatives, 3rd Edition. Oxford University Press: Oxford, 2002. (S)

Van den Berg, Hendrik, International Economics. McGraw-Hill, 2003. available on course reserves (Password EC310) (V)

Course Objective:

The purpose of “The Global Economy” is to introduce business students to the global economic environment.  This course exposes students to basic economic theories and concepts used to explain how economic agents trade goods, pursue employment, invest, and exchange currencies across national borders and how those behaviors affect national economies.  Economic approaches include standard neoclassical theory and political economy. Applications of economic principles to a global environment include: industrial structure, and public goods. At the end of this course students should be able to explain why how comparative advantage influences trade in goods and market processes and institutional structures influence the valuation of different currencies.

Evaluation and Grading Policy:

Evaluation is based on three homework assignments, a midterm, and a cumulative final exam.   You are responsible  for ALL of the material in the assigned reading



Homework                                 100 x 2             200

2 Midterms                                200 x 2             400

Compressive Final Exam           400                   400

TOTAL                                                              1000


Attendance policy:

You will not be evaluated on class attendence, students who clearly demonstrate effort – in part by attending class – may receive special consideration.  If you are unable to attend class, it is your responsibility to obtain notes from another student. However, there is no substitute for participating in class. Every week of class you miss represents 10% of the material, equivalent to one letter grade.  Make‑up exams will be given at the discretion of the instructor only if she has been notified of the extenuating circumstances BEFORE the exam begins.


After the first day you are expected to have read the assignment BEFORE class.



The powerpoint presentations will be provided on Wings.  However, powerpoint presentations are NOT a summary of the information presented in class, they provide topic headings.  Downloading powerpoints is NOT an alternative to attending class. 


Academic Dishonesty:

The University policies on Academic Dishonesty will be strictly enforced.


This schedule is subject to change.  Changes will be posted on Wings.





Jan. 6

The Global Economy


Jan. 8

Comparative Advantage


Jan. 13-15

Comparative Advantage (cont.)


Jan. 20-22

Homework 1 Due and study guide Ch. 2-3

Regulating International Trade

D&V-Ch. 4&5

Jan. 27-29

Political Economy of Globalization

S –Ch.1&2

Feb. 3



Feb. 5

Transnational Corporations and Practices

S-Ch. 4, 5, 6

Feb. 10-12

Balance of Payments and Exchange Rate Systems


Feb. 17-19


Homework 2 Due and study guide Ch. 6-8

Global Financial Markets

D&V-Ch. 9

Feb. 24-26

Spreading Financial Crises


March 3-5



Migration and Labor  &

Globalization and Consumerism


S - Ch. 7

March 10-12

Globalization in China

S - Ch. 9

Thursday, March 19

Final Exam section 2 (3:15-5:15)


Tuesday, March 17

Final Exam section 3 (8:00 – 10:00 pm)