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Rose-Hulman Institute of Technology |
GL458 International Trade & Globalization |
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| 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: | |
| Data on International Trade / Country Profiles: | International Monetary Fund (International Financial Statistics) |
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United Nations Links to National Statistical Offices Websites |
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| Information on Trade Policy: | ||
Winter 2008 - 2009 Schedule
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Week |
Topics / Related Links |
Readings / Assignments |
| December 1 - 5 | Patterns of trade and international accounts
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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.
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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.
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| 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.]
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| January 5 - 9 | A "generalized" model of international trade
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Krugman/Obstfeld, chapter 5 Supplemental Reading: "Fair well, free trade", The Economist, December 18, 2008 |
| January 12 - 16 | Market structure,
economies of scale, and international trade
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Krugman/Obstfeld, chapter 6 |
| January 19 - 23 | Factor mobility EXAM 2: Friday, January 23 |
Krugman/Obstfeld, chapter
7 Outline notes & assignment for week 6 |
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January 26 - 30
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Analysis of trade policy I: Instruments of trade policy | Krugman/Obstfeld, chapter 8 |
| February 2 - 6 | Analysis of trade policy II: Political economy of trade policy | Krugman/Obstfeld, chapter 9 |
| February 9 - 13 | Current
issues in trade policy
EXAM 3: Friday, February 13 |
Krugman/Obstfeld, chapters 10 and 11 |
| 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".
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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. |
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