NS3040 CLASS HOME-PAGE

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Course Outline/Methodology

Resources

ASSIGNMENTS: Fall Term 2020

September 28/30

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

October 5

Microeconomic Principles: Demand, Competition and Monopoly

Current Events for Discussion

MOST IMPORTANT READINGS

Applications

Optional -- Alternative explanations/illustrations of basic concepts

October 7

Market Failures/Microeconomic Applications

MOST IMPORTANT READINGS

Current Events for Class Discussion

Papers for Class Discussion

Optional -- Alternative explanations/illustrations of basic concepts

October 14

Trade Theories

For Class Discussion -- Current Events

Most Important Readings

Current Topics of Interest

Other Readings

October 19

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 26

    Trade Agreements--GATT/WTO

    For Class Discussion

    Most Important Readings

    Other Readings

    Other Readings

    October 28

    Security, Global Competition and United States Policy

    For Class Discussion

    Most Important Readings

    Other Readings

    November 2

    Economic Integration -- United States/NAFTA

    Current Events

    Most Important Readings

    Other Readings

    November 4

    Sanctions

    Current Events for Discussion

    Most Important -- Sanctions

    November 9

    MIDTERM EXAMINATION

    November 16

    Balance of Payments/Introduction to Exchange Rates

    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 23/25

    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

    December 2

    International Monetary System/Global Financial Institutions

    Most Important Readings

    December 7/9

    Global Crisis/Current Developments

    Most Important

    Other Articles

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    September 18

    FINAL EXAMINATION 1-3

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