ECON 452

International Trade Theory and Policy

Syllabus Spring 2012

Calendar Spring 2012  (subject to change)

Student Information

Professor Glass

Announcements

Economics department offers a free tutoring lab, or can hire private tutor if need intensive help (and willing to pay).

National Economics Insider Symposium

Economics Scholars Program at the Dallas Fed

Required Text

Paul R. Krugman and Maurice Obsfeld

International Economics: Theory and Policy, 9^th edition

 website

World Trade Report 2008

BCS Spay

Chapter 1 Introduction

• Read KOM pages 10-22
• WTO World Trade Report Globalization and Trade
• Going Under The Economist 03-26-2009 & The Fragile Web of Foreign Trade The Economist 05-28-2009 Quiz 2a Thursday, January 19
• Has Globalization Created a Borderless World? (Ceglowski) FRBP Business Review March/April 1998 Quiz 2b Tuesday, January 24
• Trade as a percentage of GDP by country, graph
• U.S. Trade by country 2010; By industry 2009, 2010 & 2011 YTD
• US Exports by State (1998-2010)
• FDI Data
• Texas Exports by Country (2008-2010); By industry (2008-2010)
• Texas Imports by Country (2004)
• Texas Exports Taking Top Spot in Selling Overseas FRBD SouthwestEconomy Jan/Feb 2006, Texas Exports Markets Grow Faster Beyond North America FRBD SouthwestEconomy March/April 2007
, & Globalizing Texas: Exports and High-Tech Jobs FRBD SouthwestEconomy Sept/Oct 2007
• Lecture Notes for Chapter 2 (slides)

• Read KOM pages 24-40, 43-49, Notation for Ricardian Model
• WTO World Trade Report Causes of Trade pages 27-32
• The Miracle of Trade The Economist 01-27-1996 & Trade Winds The Economist 11-08-1997
Quiz 3a Thursday, January 26
• Not So Absolutely Fabulous The Economist 11-04-1995 & Does Trade with Low-Wage Countries Hurt American Workers? (Golub) FRBP Business Review March/April 1998
Quiz 3b Thursday, February 2
• What Happened When Two Countries Liberated Trade? Pain, Gain (Postrel) The New York Times 01-27-2005 & Failed Economics and Successful Economies (Trefler) The Macdonald Commission Report 20 Years On 2005 Quiz 3c Tuesday, February 7
• Lecture Notes for Chapter 3 (slides)
• Problem Set for Chapter 3 (hints) Thursday, February 9
• Review Solutions for First Midterm, Ricardian Equilibria Summary

Chapter 4 Specific Factors Model

• Read KOM pages 50-79
• 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
• Aid Workers Who Really Help The Economist 10-08-2009
• Lecture Notes for Chapter 4 (Slides)

Chapter 5 Heckscher-Ohlin Model

Chapter 6 Standard Trade Model

• Read KOM pages 111-124 and 127-136
• Lecture Notes for Chapter 6 (Slides)
• Economic Growth and International Transfers Summaries

• Read KOM pages 176-178 and 180-188
• Texas Border Employment and Maquiladora Growth FRBD Southwest Economy October 2005
• The Maquiladora's Changing Geography FRBD Southwest Economy Second Quarter 2009
• The Globalization of U.S. Business Investment FRBD Staff Papers No. 3 February 2008
• Lecture Notes for Chapter 8 (Slides)
• Extra Credit on FDI

 Chapter 9 Trade Policy

Final Exams

•  S03, F03, S04, F04, S05, F05, S09, F09, S10, F10, S11, F11 (multiple choice scores) Final Exam is on Thursday, April 26