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Abstract/Syllabus:

International Trade & Finance

Spring 1998

Theory of International Trade

Why Do Nations Trade?

Lindert and Pugel, Chapters 1, 2, and 3

  • Lecture 1: (1-12-98) - Why Do Nations Trade?
  • Problem Set #1 - Comparative Advantage

Winners and Losers from International Trade

Lindert and Pugel, Chapters 4 and 5

  • Lecture 2: (1-19-98) - Winners and Losers from International Trade
  • Problem Set #2 - Stolper-Samuelson

Modern Trade Theories

Lindert and Pugel, Chapter 5

  • Lecture 3: (1-26-98) - Trade and Economies of Scale
  • Problem Set #3 - External Economies

Trade Policy

Tariffs and other Barriers to Trade

Lindert and Pugel, Chapters 7, 8, and 9

  • Lecture 4: (2-2-98) - Protectionsim
  • Problem Set #4 - Tariffs

Pushing Exports; Preferential Trade Agreements

Lindert and Pugel, Chapters 10 and 11

  • Lecture 5: (2-9-98) - Strategic Trade Policy and Trade Blocs

International Bargaining

John McMillan, Games, Strategies, and Managers, pp. 45-88

  • Lecture 6: (2-23-98) - Negotiating
  • Problem Set #5 - Super 301

Politics and Trade; Trade and the Environment

Lindert and Pugel, Chapters 12 and 14 (pp. 276-281 only)

  • Lecture 7: (3-9-98) - Political Economy of Trade
  • Problem Set #6 - Politics, the Environment, and Trade

International Finance

Exchange Rates

Lindert and Pugel, Chapters 15, 16, 17, 18, 19, and 20

  • Lecture 8: (3-16-98) - Foreign Exchange
  • Problem Set #7 - Exchange Rates
  • Lecture 9: (3-23-98) - What Determines Exchange Rates?
  • Problem Set #8 - Purchasing Power Parity

Open Economy Macroeconomics

Lindert and Pugel, Chapters 21, 22, 23, and 24

  • Lecture 10: (4-6-98) - Open Economy Macroeconomics with Fixed Exchange Rates
  • Problem Set #9 - Trade and National Income
  • Lecture 11: (4-20-98) - Open Economy Macroeconomics with Flexible Exchange Rates
  • Problem Set #10 - Flexible Exchange Rates
  • Answers to Lecture 11 Questions



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