sign in sign up
<<
Home , International economics

220:300 Fall 2014 International

Time: Tuesday and Thursday 2:15-3:35PM Room: Hickman Hall 110 (Cook-Douglas)

Instructor: Walter Bazán 421 New Jersey Hall, College Ave Campus [email protected]

Office hours: Before class by appointment, i.e., Tuesday and Thursday, 11:00 am – 12m in my office (421) or Library (3rd floor, NJ Hall)

Prerequisites: (220:102) Introduction to ; (220:103) Introduction to

Course Materials: The required textbook is Essentials of International Economics (Second Edition) by Robert C. Feenstra and Alan M. Taylor.

Grading: Course grades will be based on the following:

Exam 1 33% Oc t 2nd Exam 2 33% Nov 6th Exam 3 33% Dec 16th

Missed exams are excused only for medical reasons or emergencies, and only with a note from the Dean's office or a signed form from a physician's office. The student or someone acting on behalf of the student must notify the instructor within 24 hours after the missed exam.

The following is the correspondence between average percentage scores and letter grades that will be used for this class:

Grade: A. Minimum average percentage score: 90% Grade: B+. Minimum average percentage score: 85% Grade: B. Minimum average percentage score: 75% Grade: C+. Minimum average percentage score: 65% Grade: C. Minimum average percentage score: 60% Grade: D. Minimum average percentage score: 55%

Note: Economics majors must earn a grade of C or better There will be no makeup exams. If a truly extreme situation arises, you must contact me immediately. I must agree the reason was extreme enough to miss the exam and verification of your situation will be required. Otherwise, you will receive a grade of 0 for any exam missed.

There will be no extra credit work.

Attendance: Students are expected to attend all classes. If you will miss more than one or two classes because of illness or a family emergency, please use the University absence reporting website: https://sims.rutgers.edu/ssra/ to indicate the dates and reason for your absence. An email is automatically sent to me.

Cell phones and other electronic devices – except LAPTOPS – must be turned off before each class begins.

Academic Integrity: Cheating will not be tolerated. The University has established severe penalties for cheating. The University’s policy on academic integrity is found in the official catalogue at http://academicintegrity.rutgers.edu/academic-integrity-at-rutgers

Learning outcomes:

Students who satisfactory complete International Economics will gain basic but thorough understanding of the core micro- and macro-economic theories (models) of international , trade barriers, and trade policies, exchange rates, the fundamentals of foreign exchange markets, , and international monetary systems, how , and government policies affect private firms and citizens.

Also students will have knowledge and skills needed to recognize and gain deeper understanding of issues on international trade, finance and policy appearing in media. You will be ready to proceed to related, more specialized courses such as 01:220:335 International Trade and 01:220:336 International Balance of Payments).

Course outline: The outline below provides an overview of the topics we will cover. The precise order/topics may be revised slightly over the course of the semester.

(1) Overview of International Economics a. Chapter 1 The Global

(2) International Microeconomics I: International Trade Theory a. Microeconomic Tools for International Economics b. Chapter 2 Trade and Technology: The Ricardian Model c. Chapter 3 Gains and Losses from Trade in the Specific-factors Model d. Chapter 4 Trade and Resources: The Heckscher-Ohlin Model e. Chapter 5 Movement of Labor and between Countries f. Chapter 6 Increasing and Monopolistic

EXAM 1 : Ch. 1 - 5 (3) International Microeconomics II: Trade Policy a. Chapter 7 Import Tariffs and Quotas under b. Chapter 8 Import Tariffs and Quotas under Imperfect Competition c. Chapter 9 International Agreements: Trade, Labor, and the Environment

EXAM 2: Ch. 6 - 9

(4) Exchange Rates and in International Trade a. Chapter 10 Introduction to Exchange Rates and the Foreign Exchange b. Chapter 11 Exchange rates I: The Monetary Approach in the Long Run c. Chapter 12 Exchange rates II: The Asset Approach in the Short Run International Trade Policies

(5) International Macroeconomics I: The Balance of Payments – for Exports and Imports a. Chapter 13 National and International Accounts: Income, Wealth, and the Balance of Payments

(6) International Macroeconomics II: International Macroeconomic Policy a. Chapter 14 , Exchange Rates, and Macroeconomic Policies in the Short Run b. Chapter 15 Fixed versus floating: International Monetary Experience

EXAM 3: Ch. 10 - 15