NS3040 CLASS HOME-PAGE

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Course Outline/Methodology

Resources

ASSIGNMENTS: Summer Term 2020

July 6/8

Review/Introduction of Microeconomic Principles: Supply and Demand

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Economics for Dummies is a good text, but I think the Eggert chapters below are better

Overview of the economic problem

Basic Tools of Mecroeconomics

Markets -- Demand and Supply

Applications, and Current Events for Discussion

July 13

Microeconomic Principles: Demand, Competition and Monopoly

MOST IMPORTANT READINGS

Applications, and Current Events for Discussion

Optional -- Alternative explanations/illustrations of basic concepts

July 15

Market Failures/Microeconomic Applications

MOST IMPORTANT READINGS

Current Events for Class Discussion

Papers for Class Discussion

Optional -- Alternative explanations/illustrations of basic concepts

July 20

Trade Theories

For Class Discussion -- Current Events

Most Important Readings

Other Readings

July 22

Modern Theories of Trade

For Class Discussion

Most Important Readings

Other Readings

July 27

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

    July 29

    Trade Agreements--GATT/WTO

    For Class Discussion

    Most Important Readings

    Other Readings

    Other Readings

    August 3

    Security, Global Competition and United States Policy

    For Class Discussion

    Most Important Readings

    Other Readings

    August 5

    Economic Integration -- United States/NAFTA

    Current Events

    Most Important Readings

    Other Readings

    August 10

    Sanctions

    Current Events for Discussion

    Most Important -- Sanctions

    August 12

    MIDTERM EXAMINATION

    August 17

    Balance of Payments/Introduction to Exchange Rates

    Current Events for Class Discussion

    Most Important Readings

    Other Balance of Payments

    August 19

    Determinants of Exchange Rates

    Current Events for Discussion

    Most Important Readings

    Other Exchange Rate Readings

    August 24/26

    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

    August 31

    International Monetary System/Global Financial Institutions

    Most Important Readings

    September 2/9/14

    Global Crisis/Current Developments

    Most Important

    Other Articles

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    September 18

    FINAL EXAMINATION 1-3

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