Last updated: October 1, 2012
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Dr. Tran H. Dung Office: Office
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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
Thomas Pugel, International Economics (15th edition), NY: Irwin-McGrawHill
Website: International Economics, 15/e
◙ Class Rules
Exams
Three midterm exams: each @ 20% 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 Fall 2012 (tentative)
WEEK
DATE
TOPICS
CHAPTER
NOTES
1
8/27
8/29
8/31Introduction
Basic theory using demand and supply
Basic theory using demand and supply1
2
2
2
9/3
9/5
9/7LABOR DAY HOLIDAY
Why everybody trades: comparative advantage
Why everybody trades: comparative advantage
3
3
3
9/10
9/12
9/14Trade: Factor availability and factor proportions are key
Who gains and who loses from trade?
Scale economies, imperfect competition, and trade4
5
6
4
9/17
919
9/21Review for Exam
■ FIRST MIDTERM
Growth and trade
7
5
9/24
9/26
9/28Analysis of a tariff
Analysis of a tariff
Nontariffs barriers to import8
8
9
6
10/1
10/3
10/5Arguments for and against protection
Arguments for and against protection
Pushing exports10
10
117
10/8
10/10
10/12Trade blocs and trade blocks
Trade policies for developing countries
Multinationals and migration: International factor movements12
14
158
10/15
10/17
10/19Review for exam
■ SECOND MIDTERM
Payments among nations
16
9
10/22
10/24
10/26The foreign exchange market
Forward exchange and international financial investment
What determines exchange rates?17
18
19
10
10/29
10/31
11/2What determines exchange rates?
Government policies toward the foreign exchange market
Government policies toward the foreign exchange market19
20
20
11 11/5
11/7
11/9How does the open macroeconomy work?
How does the open macroeconomy work?
Review for exam22
2212 11/12
11/14
11/16VETERAN’S DAY HOLIDAY
■ THIRD MIDTERM
Internal and external balances with fixed exchange rates
2313 11/19
11/21
11/23Internal and external balances with fixed exchange rates
Review for exam
THANSGIVING HOLIDAY23
14 11/26
11/28
11/30Floating exchange rates and internal balance
Floating exchange rates and internal balance
National and global choices: Floating rates and alternatives24
25
2515 12/3
12/5
12/7National and global choices: Floating rates and alternatives
International lending and financial crises
Review for exam25
21FINAL EXAM
FRIDAY DECEMBER 14, 10:15 AM - 12:15 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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