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Unformatted text preview: Economics 101 — Fall 2011 International Trade September 22, 2011 Instructor: Marc-Andreas Muendler Office: Economics 312 Office hours: Wed 9:30a-11:00a Phone: (858) 534-4799 E-mail: [email protected] Classroom: Center Hall room 113 Class Time: TueThu 12:30p-1:50p Class Web Page: econ.ucsd.edu/muendler/teach/11f/101 Section ID 722610 Teaching Assistants: Xuan Liang Lindsay Rickey E-mail: [email protected] [email protected] Office: Sequoyah Hall 208 Sequoyah Hall 235 Office hours: Fri 8:00a-10:00a Tue 2:00p-4:00p 1 Course Objectives This course examines theories of international trade in goods and services and analyzes the con- sequences of trade policies. The course presents the principle of comparative advantage and its application to classical and modern trade theory. Focusing on the long-term effects of international economic integration, the course discusses the economic effects of trade, as well as trade barriers and trading blocs, on industrial competitiveness, the income distribution, growth and welfare. Compared to other classes on international economic integration, such as International Capital Markets or International Monetary Relations, the International Trade class focuses on the long-term patterns of balanced trade in merchandize and services. Part I of the class is dedicated to classic trade theory in a general equilibrium setting under perfect competition and explains trade among different countries. Part II of the class presents recent advances in trade theory under imperfect competition and with heterogeneous firms; it explains trade among similar countries and the formation of multi- national enterprises. Part III applies the insights from both partial and general equilibrium models to policy issues related to international economic integration. 2 Prerequisites Economics 1A-B or 2 or 100B or 170B. 3 Readings Required textbook: Krugman, Obstfeld, and Melitz (2011a)/Ch. 1 through 12 Required textbook supplements: Muendler (2011a-c) Required readings (in order of appearance): Feenstra (1998); Rodrik (1992); Freeman (1995); Hor- lick and Palmer (2001); Stiglitz and Charlton (2005)/Ch. 2; Rodrik (1998); Williamson (1998) 1 The relevant chapters of the textbook are compiled in a custom reader: Krugman, Obstfeld, and Melitz (2011a), kindly provided for Econ 101 by Pearson Learning Solutions. This special extract is available for purchase from the bookstore. The complete textbook Krugman, Obstfeld, and Melitz (2011b), which also covers the material of Econ 103, is also available for purchase from the bookstore....
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This note was uploaded on 10/27/2011 for the course ECON 101 taught by Professor Jacobson during the Fall '03 term at UCSD.
- Fall '03