AEM-ECON2300-%20Lecture1%20-%20Spring%202011

AEM-ECON2300-%20Lecture1%20-%20Spring%202011 - AEM...

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Unformatted text preview: AEM 2300/ECON 2300: International Trade and Finance Professor David Lee Dyson School of Applied Economics and Management 441 Warren Hall rof. David Lee AEM/ECON 2300 2 of rof. David Lee AEM/ECON 2300 The New York Times, Jan. 16, 2011 3 of rof. David Lee AEM/ECON 2300 The Financial Times, Jan. 14, 2011 4 of rof. David Lee AEM/ECON 2300 Wall Street Journal , January 24, 2011 5 of ¡ Introductory course in international trade and finance. ¡ Objectives of the course: 1. Develop understanding of globalization, trade & finance. 2. Initial exposure to selected topics (that can be later pursued at a more advanced level in upper-level AEM & ECON courses) 3. Apply basic principles of microeconomics and applied welfare analysis to international trade (tariff and non-tariff barriers) 4. Offer balanced perspective on current timely topics like Doha Round negotiations, immigration, trade and development, trade and environment, etc. 5. Enable you to follow current economic events in the media in a more informed fashion. rof. David Lee AEM/ECON 2300 6 of utline of course (times approx.) I. Introduction to Globalization and International Trade and Finance (1 week) II. Basic Trade Concepts: Specialization, Comparative Advantage and the Gains from Trade (2.5 weeks) III. Tariffs and Domestic Protection (1.5 weeks) EXAM 1: Tuesday, March 8 (evening exam) IV. Non-Tariff Trade Barriers (1.5 weeks) . Global Trading Institutions (WTO) and Regional Trading Arrangements (NAFTA, European Union, etc.) (1.5 weeks) I. Trade and Economic Development, Trade and the Environment (1 week) II. Foreign Direct Investment, Immigration, and Multinational Corporations (1 week) EXAM 2: Thursday, April 14 (evening exam) rof. David Lee AEM/ECON 2300 7 of VIII. Balance of Payments and Foreign Exchange Markets (1 week) IX. Exchange Rate Determination and Alternative Exchange Rate Regimes (1 week) X. Exchange Rate Adjustment and Macroeconomic Stability (if time permits) XI. European Monetary Union (0.5 week) XII. International Debt, Debt Risk, and Global Financial Crises (0.5 week) FINAL EXAMINATION: Wednesday, May 18, 2011 ⇒ Will also address economic and financial crisis throughout the course. rof. David Lee AEM/ECON 2300 8 of Course format : Lecture, with optional sections Monday 1:25-2:15pm, Warren 131 Monday 3:35-4:25pm, Plant Science G37 Tuesday 1:25-2:15pm, Caldwell 250 Tuesday 3:35-4:25pm, Caldwell 100 Prerequisites: Introductory Microeconomics (ECON 1110 or equivalent) is required. Introductory Macroeconomics (ECON 1120 or equivalent) is recommended, but not required. “Do I need to have taken introductory microeconomics?” You are responsible for knowledge of the basics of micro at the level taught in ECON 1101. For most of you this means having taken ECON 1101 (or equivalent)....
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This note was uploaded on 03/27/2011 for the course AEM 2300 taught by Professor Lee,d.r. during the Spring '06 term at Cornell.

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AEM-ECON2300-%20Lecture1%20-%20Spring%202011 - AEM...

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