NS3040 CLASS HOME-PAGE

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Course Outline/Methodology

Resources

ASSIGNMENTS: Summer Term 2021

July 7/12

Review/Introduction of Microeconomic Principles: Supply and Demand

,

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 14

Microeconomic Principles: Demand, Competition and Monopoly

Current Events for Discussion

MOST IMPORTANT READINGS

Applications

Optional -- Alternative explanations/illustrations of basic concepts

July 19

Market Failures/Microeconomic Applications

MOST IMPORTANT READINGS

Current Events for Class Discussion

Papers for Class Discussion

Optional -- Alternative explanations/illustrations of basic concepts

July 21

Trade Theories

For Class Discussion -- Current Events

Most Important Readings

Current Topics of Interest

Other Readings

July 26

Modern Theories of Trade

For Class Discussion

Most Important Readings

Other Readings

July 28

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

    August 2

    Trade Agreements--GATT/WTO

    For Class Discussion

    Most Important Readings

    Other Readings

    Other Readings

    August 4

    Security, Global Competition and United States Policy

    For Class Discussion

    Most Important Readings

    Other Readings

    August 9

    Economic Integration -- United States/NAFTA

    Current Events

    Most Important Readings

    Other Readings

    August 11

    Sanctions

    Current Events for Discussion

    Most Important -- Sanctions

    August 16

    MIDTERM EXAMINATION

    August 18

    Balance of Payments/Introduction to Exchange Rates

    Current Events for Class Discussion

    Most Important Readings

    Other Balance of Payments

    August 23

    Determinants of Exchange Rates

    Current Events for Discussion

    Most Important Readings

    Other Exchange Rate Readings

    August 25/30

    Macroeconomics/Payments Adjustment

    Most Important Readings

    Other readings

  • Interpretation of August 2018 GDP Data

    GDP, National Accounts

    Macroeconomic Theory -- Most Important

    September 1, 7, 8

    International Monetary System/Global Financial Institutions/Factor Movements

    Most Important Readings

    Other Readings

    September 13/15

    Global Crisis/Current Developments

    Most Important

    Other Articles

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    September 16

    FINAL EXAMINATION 8-10

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