Last updated: January 1, 2012
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◙ 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 204 and 205, or equivalent.
◙ Textbooks
Required: Robert J. Carbaugh, International Economics (13th edition), Thomson-Southwestern
Resources: Teaching Resources on the Global Economic Crisis
(http://www.cengage.com/economics/book_content/0324581483_carbaugh/content.html)◙ Class Rules
Exams
Two midterm exams: each @ 30% of the course grade
Comprehensive final exam 40% of the course gradeClass Participation
Students MUST read the assigned material before coming to class.
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
Retakes are not allowed.
Makeup Policy
Requests for makeups must be made before the scheduled exam times.
◙ Grading Policy
The final grade will be based on the final and the midterm.
A: 90-100
B: 75-89
C: 60-74
D: 50-59
F: < 50
Since class participation is crucial for this course, NO STUDENT will get an A (regardless of exam score) if he/she misses three or more class sessions. There is NO exception to this rule.
◙ Schedule for Winter 2012 (tentative)
WEEK DATE TOPIC CHAPTER NOTES 1 T 1/3
Th 1/5The international economy
Foundations of modern trade theory1
2Study Guide Chapter 2 2 T 1/10
Th 1/12Foundations of modern trade theory
Sources of comparative advantage2
3Chapter 3
Chapter 4
Tech theories3 T 1/17
Th 1/19Tariffs
Nontariff trade barriers4
5Tariffs
NTB4 T 1/24
Th 1/26Trade regulations and industrial policies
FIRST MIDTERM6
Arguments 5 T 1/31
Th 2/2Trade policies for the developing nations
Regional trading arrangements
International factor movements and multinational enterprises7
8
9Carbaugh 8 6 T 2/7
Th 2/9The balance of payments
Foreign exchange
Exchange-rate determination10
11
12Exercise
Exercise7 T 2/14
Th 2/16Balance-of-payments adjustments
Exchange-rate adjustments and the balance of payments13
14Exercise 14
Exercise 158 T 2/21
Th 2/23Exchange-rate systems and currency crises
SECOND MIDTERM
159 T 2/28
Th 3/1Macroeconomic policy in an open economy
Macroeconomic policy in an open economy
16
16
10 T 3/6
Th 3/8International banking: Reserves, debt, and risk
Review17
FINAL EXAM
THURSDAY MARCH 15, 2012
10:45 AM – 12:45 PM
If Revived, Doha Talks Face Higher Bar (WSJ 12-12-06)
Bernanke Strikes Diplomatic Tone On Calls for Yuan Flexibility (WSJ 14-12-06)--Read Bernanke's speech
Other articles on US-China talks
Chinese Fruit May Spur EU Battle (WSJ 22-12-06)
Maybe Developing Nations Are Not Emerging but Have Emerged (NYT 30-12-06)
Southeast Asian Summit Leaders Call for Charter, Free-Trade Zone (WSJ 12-1-07)
How the developing world is striving to free itself of debt (FT Feb 8/07)
WSU Winter 2010 Academic Calendar
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