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Course_Outline_Spring_2009

Course_Outline_Spring_2009 - AEM 2300/ECON 2300 Spring 2009...

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AEM 2300/ECON 2300 Prof. David R. Lee Spring 2009 441 Warren Hall International Trade and Finance Course Outline and Readings (Times devoted to each topic are approximate; * = required readings; others optional) I. Introduction to Globalization and International Trade and Finance (0.5 week) *Robert J. Carbaugh, International Economics (12 th ed. 2009 ), Ch. 1: “The International Economy and Globalization * T.F. Siems, “Beyond the Outsourcing Angst: Making America More Productive”, Ch. 6 in P. King and S. King, eds., International Economics and International Economic Policy (5th ed., 2009), pp. 80-87. 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); *A.S. Blinder, “Offshoring: The Next Industrial Revolution?”, Ch. 7 in King and King, pp. 88-97. III. Tariffs and Domestic Protection (1.5 weeks) *R.J. Carbaugh, International Economics : Ch. 4, “Tariffs” ; Ch. 6, "Trade Regulations and Industrial Policies," pp. 183-187. *E. Ostapik and K.- M. Yi, “International Trade: Why We Don’t Have More of It”, Ch. 3 in King and King, pp. 33-40. 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. 198-222. * R.C. Feenstra, “How Costly is Protectionism?” Ch. 1 in King & King, pp. 3-18. D. Griswold, “Grain Drain: The Hidden Cost of U.S. Rice Subsidies,” Ch. 2 in King and King, pp. 19-32.
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2 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. 187-198; Ch. 8 , “Regional Trading Arrangements,” pp. 265- 282, 285-301.
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