Rose-Hulman

Institute of

Technology

GL458

International Trade & Globalization

 
    
  Department of Humanities & Social Sciences / Dr. Kevin Christ     
Syllabus for: GL458, Sections 1 and 2 [Winter 2008-2009]     Formatting Guidelines for Research Paper
  GL458, Sections 1 and 2 [Winter 2004-2005]
  GL358, Section 1 [Spring 2003]
  GL358, Section 2 [Spring 2003]
  MG597, Section 1 [Spring 2003]
   
Primary Textbook: Paul Krugman and Marice Obstsfeld, International Economics, Theory and Policy, Pearson Addison Wesley 8th ed. (2009)
   
Research Paper Resources: Data on U.S. Trade:

Bureau of Economic Analysis

   

U.S. International Trade Commission

   

U.S. Trade Representative

   

Census Bureau

  Data on International Trade / Country Profiles:

International Monetary Fund (International Financial Statistics)

   

World Trade Organization

   

United Nations Links to National Statistical Offices Websites

   

CIA World Factbook

   

World Bank's Countries & Regions Page

   

Eurostat

   

Organization for Economic Cooperation and Development

   

Index Mundi

  Information on Trade Policy:

World Trade Organization Trade Policy Reviews

   

U.S. Trade Representative Report on Foreign Trade Barriers

Winter 2008 - 2009 Schedule

Week

Topics / Related Links

Readings / Assignments

December 1 - 5 Patterns of trade and international accounts 

 

Krugman/Obstfeld, chapters 1, 12, and 2 (In that order!)

Outline notes & assignment for week 1

Supplemental Reading:  Marc Labonte, "Is the U.S. Current Account Deficit Sustainable?"  Congressional Research Services Report, December 13, 2005.

Supplemental Reading:  Martin Wolf, "Global imbalances threaten the survival of liberal trade."  Financial Times, December 2, 2008.

December 8 - 12 Basic models of trade I:  Comparative advantage and Ricardian trade

Learn more about David Ricardo The Principles of Political Economy and Taxation (1817) is available at this link.  Chapter 7, "On Foreign Trade", begins on page 85.

Learn more about John Stuart Mill The Principles of Political Economy (1848) is available at this link.  Here is a direct link to Book 3, Chapter 17, "Of International Trade", begins on page 85.

 

Krugman/Obstfeld, chapter 3

Outline notes & assignment for week 2

Supplemental Reading:  "Finding Your Niche", The Economist, 2/27/2003

Supplemental Reading:  Article by Stephen Golub, "Does Trade with Low-Wage Countries Hurt American Workers?", Business Review (Federal Reserve Bank of Philadelphia), March/April 1998, 1-15.

 

December 15 - 19 Basic models of trade II:  Specific factors and Heckscher-Ohlin

 

 

 

 

EXAM 1:  Friday, December 19

Krugman/Obstfeld, chapter 4

Outline notes & assignment for week 3

Supplemental Reading:  Richard Tomkins, "Profits of Doom", Financial Times, 10/13/2006

In-depth research:  Article by Arbache, et al, "Trade Liberalisation and Wages in Developing Countries", The Economic Journal, February 2004.  Go to Logan Library homepage, search "Journals by Title", and use Business Source Premier.  [NOTE:  The entire February 2004 issue of The Economic Journal is filled with articles relevant to this topic.]

 

January 5 - 9 A "generalized" model of international trade

 

Krugman/Obstfeld, chapter 5

Supplemental Reading:  "Fair well, free trade", The Economist, December 18, 2008

Outline notes & assignment for week 4

January 12 - 16 Market structure, economies of scale, and international trade

 

Krugman/Obstfeld, chapter 6

Outline notes & assignment for week 5

January 19 - 23 Factor mobility

EXAM 2:  Friday, January 23

Krugman/Obstfeld, chapter 7

Outline notes & assignment for week 6

January 26 - 30

 

Analysis of trade policy I:  Instruments of trade policy Krugman/Obstfeld, chapter 8

Outline notes & assignment for week 7

February 2 - 6 Analysis of trade policy II:  Political economy of trade policy Krugman/Obstfeld, chapter 9

Outline notes for week 8

February 9 - 13 Current issues in trade policy

 

EXAM 3:  Friday, February 13

Krugman/Obstfeld, chapters 10 and 11

Outline notes for week 9

Selected slides from Week 9 classes

February 16 - 20

Controversies about international trade and globalization

Globalization and Social Tension.  Chapter 1 of Dani Rodrik's 1997 book Has Globalization Gone Too Far? is available (in preview mode) on Google Books.

The "fair trade" critique OXFAM International's Make Trade Fair website is one of the most comprehensive sources of information related to fair trade criticisms of free trade.

Free trade and the environment Bhagwati refers to Teddy Goldsmith as a "leading English environmentalist" and "ardent opponent of free trade".

 

Dani Rodrik, Has Globalization Gone Too Far?, Chapter 1 (Search Google Books)

Optional:  Krugman/Obstfeld, chapter 18, pages 503 - 507

There are no outline notes for week 10.