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Course Outline/Methodology
Resources
March 28/30
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
April 4
Microeconomic Principles: Demand, Competition and Monopoly
MOST IMPORTANT READINGS
Optional -- Alternative explanations/illustrations of basic concepts
April 6
Market Failures/Microeconomic Applications
MOST IMPORTANT READINGS
Current Events for Class Discussion
Papers for Class Discussion
Optional -- Alternative explanations/illustrations of basic concepts
April 11
Trade TheoriesFor Class Discussion -- Current Events
Most Important Readings
Current Topics of Interest
Other Readings
April 13
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,
What Makes Poor Economies Grow -- Debate in Project Syndicate -- Sakai -- Resources -- Project Syndicate -- just look over Midterm Question
RGE - China's Dual Circulation Growth Strategy, October 13, 2020 -- Sakai -- Resources -- RGE Assessments -- look over
Other Readings
April 18
Protectionism -- Tariffs/Non-Tariff Barriers
For Class Discussion
Most Important Readings
Other Readings
Current events for class discussion
April 20
Trade Agreements--GATT/WTO
For Class Discussion
Most Important Readings
Other Readings
Other Readings
April 25
Security, Global Competition and United States Policy
For Class Discussion
Most Important Readings
Other Readings
April 27
Economic Integration -- United States/NAFTA
Current Events
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
May 2
Sanctions
Current Events for Discussion
Most Important -- Sanctions
Final Exam Question
May 4
MIDTERM EXAMINATIONMay 9
Balance of Payments/Introduction to Exchange RatesCurrent Events for Class Discussion
Most Important Readings
Other Balance of Payments
May 11
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
May 16, 18
Macroeconomics/Payments AdjustmentMost Important Readings
If you haven't had economics before, the chapters in Eggert bring you up-to-speed.
Other readings
GDP, National Accounts
Macroeconomic Theory -- Most Important
May 23/25
International Monetary System/Global Financial Institutions/Factor MovementsMost Important Readings
Other Readings
June 6, 8, 13
Global Crisis/Current DevelopmentsMost Important
Current Developments
Other Articles
June 14
FINAL EXAMINATION 8-10