NS3040 CLASS HOME-PAGE

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Course Outline/Methodology

Supplemental Texts

Sources of Data

ASSIGNMENTS: Fall Term 2019

September 30/October 2

Review/Introduction of Microeconomic Principles: Supply and Demand

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Overview of the economic problem

Markets -- Demand and Supply

Applications, and Current Events for Discussion

Optional -- Alternative explanations/illustrations of basic concepts

October 7

Microeconomic Principles: Demand, Competition and Monopoly

MOST IMPORTANT READINGS

Applications, and Current Events for Discussion

Optional -- Alternative explanations/illustrations of basic concepts

October 9

Market Failures/Microeconomic Applications

MOST IMPORTANT READINGS

Current Events for Class Discussion

Papers for Class Discussion

Optional -- Alternative explanations/illustrations of basic concepts

October 15, 2019

Trade Theories

For Class Discussion -- Current Events

Most Important Readings

Other Readings

October 16

Modern Theories of Trade

For Class Discussion

Most Important Readings

Other Readings

October 21

Protectionism -- Tariffs/Non-Tariff Barriers

For Class Discussion

Most Important Readings

Other Readings

Current events for class discussion

  • Gary Hufbauer and Jeffrey Schott, Buy American: Bad for Jobs, Worse for Reputation, Peterson Institute for international Economics, February 2009 Midterm Question

  • Edith Ostapik, International Trade: Why We Don't Have More of It, Federal Reserve Bank of Philadelphia Business review Q3 2007 -- problems in measuring barriers to trade Midterm Question

    October 23

    Trade Agreements--GATT/WTO

    For Class Discussion

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    Most Important Readings

    Other Readings

    October 28

    Security, Global Competition and United States Policy

    For Class Discussion

    Most Important Readings

    Other Readings

    October 30

    Economic Integration -- United States/NAFTA

    Most Important Readings

    Other Readings

    November 4

    Sanctions

    Current Events for Discussion

    Most Important -- Sanctions

    November 6

    MIDTERM EXAMINATION

    November 13

    Balance of Payments

    Current Events for Class Discussion

    Most Important Readings

    Other Balance of Payments

    November 18

    Determinants of Exchange Rates

    Current Events for Discussion

    Most Important Readings

    Other Exchange Rate Readings

    November 20/25/27

    Macroeconomics/Payments Adjustment

  • Chapter 9 in Wheelan provides a good introduction to GDP and some of the issues that come up in macroeconomics -- final exam question

  • Chapter 10 in Wheelan -- good overview of the U.S. Federal Reserve and contemporary monetary issues -- final exam question

    If you haven't had economics before, the chapters in Eggert bring you up-to-speed.

    GDP, National Accounts

    Macroeconomic Theory -- Most Important

    Current Events for Discussion

    November 27/December 2

    International Monetary System/Global Financial Institutions

    Most Important Readings

    December 4/9

    Global Crisis/Current Developments

    December 11

    Future of the International System

    December 17

    FINAL EXAMINATION Gl - 129/133, 8-10

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