ECON 452
International Trade Theory and Policy
Syllabus Fall 2009
Calendar (subject to change)
Professor Glass
Allen 3062 Office hours Mondays and Wednesdays 1-2:30pm (979) 845-8507 aglass@tamu.eduAnnouncements
You may buy either the 7th or the 8th edition of the text.
Flu: If you have flu-like symptoms, call or email to let me know you will be missing class. Please do not return until 24 hours after fever subsides (without fever reducing meds). Turn in any missed assignments then, along with Explanatory statement for absence from class for flu-like illness (doctor's note for other illness). Info on treatment.
Vote for your classmate Emily Peterson for Lowe's Senior Class award in women's soccer, online or text W9 to 74567.
Required Text
Paul R. Krugman and Maurice Obsfeld
International Economics: Theory and Policy, 7th or 8th edition
website
Chapter 1 Introduction
- Read KO pages 1-6 and 8-9 in 8th edition (or 1-6 and 8 in 7th edition)
- WTO World Trade Report Executive Summary xiii-xvi, xxi-xxii, xxv-xxvi
- Lecture Notes for Chapter 1 (slides)
Chapter 2 World Trade
- Read KO pages 12-26 (or 10-22), Notation for Ricardian Model
- WTO World Trade Report Globalization and Trade
- 2a Going Under The Economist 03-26-2009 & The Fragile Web of Foreign Trade The Economist 05-28-2009 Quiz
- 2b Has Globalization Created a Borderless World? (Ceglowski) FRBP Business Review March/April 1998 Quiz
- U.S. Trade Balance by Country 2008
- Texas Imports by Country (2004)
- Texas Exports by Country (2004, 2005-2007, 2006-2008 by country; 2006-2008 by industry, 2009 to date)
Chapter 3 Ricardian Model
- Read KO pages 27-42 and 48-51 (or 24-40 and 45-47)
- WTO World Trade Report Causes of Trade pages 27-32
- 3a The Miracle of Trade The Economist 01-27-1996 & Trade Winds The Economist 11-08-1997 Quiz
First Midterms
4 Heckscher-Ohlin Model
- Read KO pages 67-71 from 3rd edition, and 64-82 in 8th edition (or 61-77 in 7th edition)
- WTO World Trade Report Causes of Trade pages 32-35 & Trade and Inequality & Dealing with the Social Consequences of Liberalization
- 4a The Strange Life of Low-tech America The Economist 10-17-1998 Quiz Low Tech Made in the USA
- 4b Rich Man, Poor Man The Economist 01-18-2007, In the Shadow of Prosperity The Economist 01-20-2007, Krugman's Conundrum The Economist 04-19-2008 Quiz
- 4c Ballad of the Global Worker The Economist 09-20-1997 Quiz
- Lecture Notes for Chapter 4 (Slides)
- Problem Set for Chapter 4
- Review Solutions for Second Midterm, Hechscher-Ohlin Summary
5 Standard Trade Model
- Read KO pages 88-103 and 107 (or 84-99 and 103)
- Lecture Notes for Chapter 5 (Slides)
- Economic Growth and International Transfers Summaries
Second Midterms
7 International Factor Movements
- Read KO pages 153-160 and 163-170 (or 148-154 and 157-169)
- WTO World Trade Report Causes of Trade pages 38-40
- Mexican Immigrants: How Many Come? How Many Leave? (Passel and Cohn) Pew Hispanic Center July 22, 2009
- The Immigration Equation (Lowenstein) The New York Times July 9, 2006, Cross-Country Variation in the Impact of International Migration: Canada, Mexico, and the United States (Aydemir and Borjas) Journal of the European Economic Association June 2007
- Texas Border Employment and Maquiladora Growth FRBD Southwest Economy October 2005, The Maquiladora's Changing Geography FRBD Southwest Economy Second Quarter 2009
- Lecture Notes for Chapter 7 (Slides)
8 Trade Policy
- Read KO pages 182-201 (or 176-195)