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University of North Texas Department of Economics Econ 4850(International Trade) Course Syllabus—Spring 2016

Instructor: Guillermo Covarrubias Office: Hickory hall 283f Office Hours: MW 3:30-4:30 or by appointment Email: [email protected] Course Materials: (1) Class Workbook (2) Roberts, Russell, The Choice, 3rd edition (3) Optional. Appleyard, Field and Cobb, International Economics

Course Objectives: Students will attain a working knowledge of the quantitative and analytical tools that will enable to analyze and describe patterns of world trade using key ideas such as comparative advantage. Additionally, the course will shed light on how world trade affects labor and capital markets, payments to factors and conflicts arising from redistribution of compensation to those factors. Government policies and their impact on trade will be examined in terms of the key idea of economic efficiency.

Important Dates to Remember:  Spring Break 3/14-3/20  Final exam 5/12 at 1:30 pm

Examination Calendar: First Exam: Ch. 1-4 2/25 Second Exam: Ch 6-8,10 4/7 Final: Ch 1-4, 6-8, 10, 13-17 and The Choice 5/12

NOTE: Under no circumstances will a student be allowed to do any additional work to improve his/her grade.

Chapter 1: The World of International Economics Chapter 2: Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo Chapter 3: The Classical World of David Ricardo and Comparative Advantage Chapter 4: Extensions and Tests of the Classical Model of Trade Chapter 5: Introduction to Neoclassical Trade Theory: Tools to Be Employed Chapter 6: Gains from Trade in Neoclassical Theory Chapter 7: Offer Curves and the Terms of Trade Chapter 8: The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model Chapter 9: Empirical Tests of the Factor Endowments Approach Chapter 10:Post Heckscher-Ohlin Theories of Trade and Intra-Industry Trade Chapter 11:Economic Growth and International Trade Chapter 12: International Factor Movements Chapter 13: The Instruments of Trade Policy Chapter 14: The Impact of Trade Policies Chapter 15: Arguments for Interventionist Trade Policies Chapter 16: Political Economy and U.S. Trade Policy Chapter 17: Economic Integration Chapter 18:International Trade and the Developing Countries Chapter 19: The Balance-of-Payments Accounts Chapter 20:The Foreign Exchange Market Chapter 21: International Financial Markets and Instruments: An Introduction

Grade Scale:

A = 90+ B = 80-89 C = 70-79 D = 60-69 F = 59 or less

Weighing Scheme:

First Exam 30% Second Exam 30% Final Exam 40%

Optional Homework:

In Addition, it is possible to earn up to 3 additional points by completing assigned homework. These homeworks are strictly optional, failure to complete them will result in no penalty whatsoever. 8 different problem sets will be assigned during the course. Problem sets will be due at the beginning of class, and late homework will NOT be accepted for ANY reason.

As an incentive to attend (Other than the obvious strong positive correlation between attendance and grade), we will periodically do in-class exercises that can add up to 2 points in your final grade. Failure to complete these comes without penalty, but under no circumstances will I accept in-class assignments after the class in which they were completed.

Notes:

1. Academic integrity is defined in the UNT Policy on Student Standards for Academic Integrity. Any suspected case of Academic Dishonesty will be handled in accordance with the University Policy procedures. Possible Academic penalties range from verbal or written admonition to a grade of “F” in the course. Further sanctions may apply to incidents involving major violations. You will find the policy and procedures at: http://vpaa.unt.edu/academic-integrity.htm

2. In accordance with federal law, a student requesting accommodation must provide documentation of his/her disability to the Disability Support Services counselor. If you have a disability, including a learning disability, for which you request an accommodation, please contact the Disability Support Services office.

3. If you intend to be absent for a university-sponsored event or activity, you (or the event sponsor) must notify the instructor at least two weeks prior to the date of the planned absence. At that time the instructor will set a date and time when make-up assignments will be completed.

4. It is the policy of The University of North Texas to protect the confidential nature of social security numbers. The University has changed its computer programming so that all students have an identification number. The electronic transmission of grades (e.g., via e-mail) risks violation of the Family Educational Rights and Privacy Act; grades will not be transmitted electronically

5. Students who anticipate being absent from class due to a religious observance are encouraged to inform the instructor of such absences by the second class meeting of the semester.

6. You will be given a grade of a zero for any test you miss until you have demonstrated valid justification for missing a scheduled exam.

7. Everyone is required to exit the building when a fire alarm goes off. Follow your instructor’s directions regarding the appropriate exit. If you require assistance during an evacuation, inform your instructor in the first week of class. Do not re-enter the building unless given permission by University Police, Fire department, or Fire Prevention Services.