CourseOutline_Syllabus - AEM 230/ECON 230 Fall 2007 Prof....

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AEM 230/ECON 230 Prof. David R. Lee Fall 2007 441 Warren Hall International Trade and Finance Course Outline and Readings (Times devoted to each topic are approximate; * = required readings) I. Introduction to Globalization, International Trade and Finance, and the Course (0.5 week) *Robert J. Carbaugh, International Economics (11 th ed. 2007), Ch. 1: “The International Economy and Globalization” II. Basic Trade Concepts: Specialization, Comparative Advantage and the Gains from Trade (2.0 weeks) *R.J. Carbaugh, International Economics: Ch. 2, “Foundations of Modern Trade Theory: Comparative Advantage”; Ch. 3, “Sources of Comparative Advantage (section 3.1 optional); III. Tariffs and Domestic Protection (1.5 weeks) *R.J. Carbaugh, International Economics : Ch. 4, “Tariffs”; Ch. 6, "Trade Regulations and Industrial Policies," pp. 181-185. *E. Gresser, "Toughest on the Poor: America's Flawed Tariff System," Ch. 2, in P. King and S. King, eds., International Economics and International Economic Policy (4th ed., 2005), pp. 19-23. G.C. Hufbauer and B. Goodrich, "Steel Policy: The Good, The Bad and the IV. Non-Tariff Trade Barriers (1.5 weeks) *R.J. Carbaugh, International Economics : Ch. 5, “Nontariff Trade Barriers”, and Ch. 6, “Trade Regulations and Industrial Policies,” pp. 196-220. *R.C. Feenstra, “How Costly is Protectionism?” Ch. 1 in King & King, pp. 3-18. *M.A. Groombridge, "America's Bittersweet Sugar Policy," Ch. 5 in King and King, pp. 46-54.
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V. Global Trading Institutions (WTO) and Regional Trading Arrangements (NAFTA, European Union, etc.) (1.5 weeks) *R.J. Carbaugh, International Economics , Ch. 6, “Trade Regulations and Industrial Policies,” pp. 185-196; Ch. 8, “Regional Trading Arrangements,” pp. 264-280, 285-299. *A. McGuirk, “The Doha Development Agenda”, Ch. 6 in King & King,
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CourseOutline_Syllabus - AEM 230/ECON 230 Fall 2007 Prof....

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