SUMMER (A) 2013


INTERNATIONAL ECONOMICS 


EC 7190

 

                                                                

Syllabus

 

  Basic Information

 

 Course:

     EC 7190 International Economics

                        MW 6:30  - 9:55 PM

                        Room 058 Rike Hall

 

Instructor:

Dr. Tran H. Dung

Office: 254H Rike Hall

Office Hours: Monday-Thursdays from 11:00 - 11:35 AM, or by appointment

Phone 775-2295 or 775-3070

FAX: (937) 775-2441

E-mail: tran.dung@wright.edu

The professor=s home page: http://www.wright.edu/~tdung

Course webpage: http://www.wright.edu/~tdung/719.htm

 

Required Textbook:

Thomas Pugel, International Economics (15th edition), NY: Irwin-McGrawHill

Website: International Economics, 15/e  (make sure you try the mu;tiple -choice questions)

 

 

 

 

  Objectives of the Course

 

This course covers basic trade theories, commercial policy, and theories of international investment and migration, exchange rate determination and open macroeconomics.  Special attention is paid to international economic institutions and current financial crises

 

 

  Prerequisites

 

EC 7150 and 7170, or permission of instructor 


 

  Mode of Instruction

 

Multimedia lectures, readings from the internet, electronic mail, and in-class discussion.

 

 

  Class Rules

 

Exams:

 

Three midterms:                   each @ 20% of the course grade

Comprehensive final exam    40 % of the course grade

 

Type of Exam:

 

Mixture of multiple choice and short questions

 

Quiz and Paper

 

No quizzes

No paper

                                               

Class Participation:

 

Students are expected to read the assigned chapters (and any extra readings) on time and come to class prepared to discuss the material.

 

Attendance Policy:

 

Regular class attendance is indispensable. A huge amount of interesting (and sometimes difficult) material will be covered in class. Missing class is missing a lot. Indeed, if you expect to be absent in more than one session, you might consider taking this course some other time. Remember: The class needs you as much as you need the class.

 

Retake Policy

 

No retake is allowed.

 

Makeup Policy

 

Request for a make-up MUST BE MADE BEFORE THE EXAM IS GIVEN IN CLASS.  Approval is at the instructor's discretion.

 

No make-up, once allowed and scheduled, may be re-scheduled.

 

 

  Grading Policy

 

Grades will be curved  


 

  Assignments (tentative)

 

Students must read the assigned chapter before coming to class.  Special readings will be posted weekly on the course website:

 

http://www.wright.edu/~tdung/719.htm

 

 

 

 

Week

 

Date

 

Topic

 

Chapter

 

1

5/6

5/8

 

Introduction
Basic theory using demand and supply
Trade: Factor availability and factor proportions are key

Who gains and who loses from trade?

1

2

 

3

 

2

5/13

 

 

5/15

FIRST HOUR: Scale economies, imperfect competition, and trade

SECOND HOUR:  FIRST MIDTERM

Analysis of a tariff

 

4

5

8

 

3

5/20

5/22
 

Nontariffs barriers to import
Arguments for and against protection
Trade blocs and trade blocks
Payments among nations

9

10

12

 16

4

5/27
5/29

 

MEMORIAL DAY HOLIDAY - NO CLASS

FIRST HOUR: SECOND MIDTERM
The foreign exchange market
Forward exchange and international financial investment

 

 

17

18

5

6/3

 

 6/5

What determines exchange rates?

Government policies toward the foreign exchange market

FIRST HOUR: How does the open macroeconomy work?

SECOND HOUR:  THIRD MIDTERM

19

 20

 22

6

6/10

 

 

 6/12

Internal and external balances with fixed exchange rates

Floating exchange rates and internal balance

National and global choices: Floating rates and alternatives

 FINAL EXAM

23
24

 25

 

 

 

 


 

 

4-29-13