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Course Outline/Methodology
Supplemental Texts
Sources of Data
September 30/October 2
Review/Introduction of Microeconomic Principles: Supply and Demand
,
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
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 TheoriesFor Class Discussion -- Current Events
Most Important Readings
Other Readings
October 16
Modern Theories of TradeFor Class Discussion
Most Important Readings
Robert Looney, The USA and International Trade (Sakai, Resources, Europa United States, The USA and International Trade 2019, Sections on: Overview and Recent Trends, Major Trading Partners Trends,
Other Readings
October 21
Protectionism -- Tariffs/Non-Tariff Barriers
For Class Discussion
Most Important Readings
Other Readings
Current events for class discussion
October 23
Trade Agreements--GATT/WTO
For Class Discussion
-->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
Hina Rabbani Khar, Gated Globalization, in Mark Leonard ed., Connectivity Wars: Why Migration, Finance and Trade are the Geo-Economic Battlegrounds of the Future. Midterm Question
November 4
Sanctions
Current Events for Discussion
Most Important -- Sanctions
Final Exam Question
November 6
MIDTERM EXAMINATIONNovember 13
Balance of PaymentsCurrent Events for Class Discussion
Most Important Readings
Other Balance of Payments
November 18
Determinants of Exchange RatesCurrent Events for Discussion
Most Important Readings
The index is based on the theory of purchasing-power parity, which says that exchange rates should eventually adjust to make the price of a basket of goods the same in each country.
Burgernomics shows Switzerland has the most overvalued currency
Other Exchange Rate Readings
November 20/25/27
Macroeconomics/Payments AdjustmentIf 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 InstitutionsMost 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