Jorge G. Gonzalez 2:30 - 3:45 MW CGC 104 Office: CGC N422 Phone: 736 - 7224 E-Mail: Jgonzal1@trinity.edu Web: www.trinity.edu/jgonzal1
Office Hrs: Tuesday 1:30 - 3:30 Wednesday 10:00 - 12:00 Thursday 1:30 - 3:30 And by appointment These office hours are designed to help you throughout the whole term. Please do not wait until the end of the term to use them.
These office hours are designed to help you throughout the whole term. Please do not wait until the end of the term to use them.
The purpose of this class is to give you some tools to understand the working of the world economy. Countries around the world trade goods and services, and factors of production move across their borders every day. This class will help you to understand the effects of these flows and the different policies used by countries to restrict or promote them.
PREREQUISITE: Economics 311. This course will make extensive use of microeconomic tools. If you had Economics 311 some time ago, or you do not remember its material well, I strongly suggest that you review your notes from that class. TEXT: Required: Kreinin, Mordechai E., International Economics, Seventh Edition, 1995. Recommended: Wall Street Journal. Additional readings will be put on reserve at the library or handed out in class. COURSE REQUIREMENTS: Exam 1 (Thursday, October 11) = 200 points Exam 2 (Thursday, November 15) = 200 points Take-home Assignments = 200 points Class Participation = 50 points Final Exam (Monday, December 11, 6:30 pm) = 350 points The take-home assignments will consist of problems sets that will be graded and several class assignments in the form of readings or problems to be done at home but that will not be handed in. Class participation is strongly encouraged. Class participation is not only 5% of your grade but also decisions on borderline grades will take into consideration the class participation of the student during the term. Although class attendance is not directly represented as part of your grade, if you are absent from class you will miss points from class assignments and class participation and this will be reflected in your grade. There will be no make-up exams. Problem sets are due at the beginning of the stated class period. Under no circumstances will problem sets be accepted late. GRADING SCALE: Total Points Grade 950 - 1000 A 900 - 949 A- 870 - 899 B+ 830 - 869 B 800 - 829 B- 770 - 799 C+ 730 - 769 C 700 - 729 C- 650 - 699 D+ 600 - 649 D Less than 600 F
TEXT: Required: Kreinin, Mordechai E., International Economics, Seventh Edition, 1995. Recommended: Wall Street Journal. Additional readings will be put on reserve at the library or handed out in class. COURSE REQUIREMENTS: Exam 1 (Thursday, October 11) = 200 points Exam 2 (Thursday, November 15) = 200 points Take-home Assignments = 200 points Class Participation = 50 points Final Exam (Monday, December 11, 6:30 pm) = 350 points The take-home assignments will consist of problems sets that will be graded and several class assignments in the form of readings or problems to be done at home but that will not be handed in. Class participation is strongly encouraged. Class participation is not only 5% of your grade but also decisions on borderline grades will take into consideration the class participation of the student during the term. Although class attendance is not directly represented as part of your grade, if you are absent from class you will miss points from class assignments and class participation and this will be reflected in your grade. There will be no make-up exams. Problem sets are due at the beginning of the stated class period. Under no circumstances will problem sets be accepted late. GRADING SCALE: Total Points Grade 950 - 1000 A 900 - 949 A- 870 - 899 B+ 830 - 869 B 800 - 829 B- 770 - 799 C+ 730 - 769 C 700 - 729 C- 650 - 699 D+ 600 - 649 D Less than 600 F
Recommended: Wall Street Journal.
Additional readings will be put on reserve at the library or handed out in class.
COURSE REQUIREMENTS: Exam 1 (Thursday, October 11) = 200 points Exam 2 (Thursday, November 15) = 200 points Take-home Assignments = 200 points Class Participation = 50 points Final Exam (Monday, December 11, 6:30 pm) = 350 points The take-home assignments will consist of problems sets that will be graded and several class assignments in the form of readings or problems to be done at home but that will not be handed in. Class participation is strongly encouraged. Class participation is not only 5% of your grade but also decisions on borderline grades will take into consideration the class participation of the student during the term. Although class attendance is not directly represented as part of your grade, if you are absent from class you will miss points from class assignments and class participation and this will be reflected in your grade. There will be no make-up exams. Problem sets are due at the beginning of the stated class period. Under no circumstances will problem sets be accepted late. GRADING SCALE: Total Points Grade 950 - 1000 A 900 - 949 A- 870 - 899 B+ 830 - 869 B 800 - 829 B- 770 - 799 C+ 730 - 769 C 700 - 729 C- 650 - 699 D+ 600 - 649 D Less than 600 F
The take-home assignments will consist of problems sets that will be graded and several class assignments in the form of readings or problems to be done at home but that will not be handed in.
Class participation is strongly encouraged. Class participation is not only 5% of your grade but also decisions on borderline grades will take into consideration the class participation of the student during the term.
Although class attendance is not directly represented as part of your grade, if you are absent from class you will miss points from class assignments and class participation and this will be reflected in your grade.
There will be no make-up exams.
Problem sets are due at the beginning of the stated class period. Under no circumstances will problem sets be accepted late.
GRADING SCALE: Total Points Grade 950 - 1000 A 900 - 949 A- 870 - 899 B+ 830 - 869 B 800 - 829 B- 770 - 799 C+ 730 - 769 C 700 - 729 C- 650 - 699 D+ 600 - 649 D Less than 600 F
COURSE OUTLINE: I. INTRODUCTION Kreinin Chapter 1. Drucker, P.F., "Trade Lessons from the World Economy," Foreign Affairs, Vol. 73, No. 1, January/February 1994, pp. 99-108. Brecher, J., "Global Village or Global Pillage?," The Nation, Dec. 6, 1993, pp. 685-688. II. THE CONCEPT OF COMPARATIVE ADVANTAGE Kreinin Chapters 2 and 3. III. BARRIERS TO TRADE Kreinin Chapters 4 and 5. Newman, B., "The Greeks Have a Word for Banana But Lack Bananas," in J. Adams(1985). IV. COMMERCIAL POLICY AND ECONOMIC INTEGRATION Kreinin Chapters 6 and 7. Gruben, W.C., "Potential Effects of a U.S.-Mexico Free Trade Agreement," The Southwest Economy, The Federal Reserve Bank of Dallas, September/October 1991, 1-5. O'Driscoll Jr., G.P., W.C. Gruben, and J. Welch, "NAFTA: Capstone and Cornerstone," The Southwest Economy, The Federal Reserve Bank of Dallas, September/October 1993, 1-4. Kreinin, M.E., "The Uruguay Round and the Future of Trade Policy," The Globalization of Business in the 1990s: Implications for Trade and Investment, Vol. 1, 1994, pp. 3-14. V. TRADE PROBLEMS OF DEVELOPING COUNTRIES Kreinin Chapter 8. VI. FACTOR MOVEMENTS Kreinin Chapter 9. Reich, R.B., "Who Is Us?," Harvard Business Review, January-February, 1990, 53-64. VII. BALANCE OF PAYMENTS ACCOUNTING Kreinin Chapter 10. VIII. INTERNATIONAL EXCHANGE RATES AND MARKETS Kreinin Chapters 11 and 12. IX. INTERNATIONAL TRADE AND THE ENVIRONMENT Bhagwati, J., "The Case for Free Trade," Scientific American, November 1993, pp. 42-49. Daly, H.E., "The Perils of Free Trade," Scientific American, November 1993, pp. 50-57. X. THE THIRD WORLD DEBT. Readings to be assigned in class.
I. INTRODUCTION
Kreinin Chapter 1.
Drucker, P.F., "Trade Lessons from the World Economy," Foreign Affairs, Vol. 73, No. 1, January/February 1994, pp. 99-108.
Brecher, J., "Global Village or Global Pillage?," The Nation, Dec. 6, 1993, pp. 685-688.
II. THE CONCEPT OF COMPARATIVE ADVANTAGE
Kreinin Chapters 2 and 3.
III. BARRIERS TO TRADE
Kreinin Chapters 4 and 5.
Newman, B., "The Greeks Have a Word for Banana But Lack Bananas," in J. Adams(1985).
IV. COMMERCIAL POLICY AND ECONOMIC INTEGRATION
Kreinin Chapters 6 and 7.
Gruben, W.C., "Potential Effects of a U.S.-Mexico Free Trade Agreement," The Southwest Economy, The Federal Reserve Bank of Dallas, September/October 1991, 1-5.
O'Driscoll Jr., G.P., W.C. Gruben, and J. Welch, "NAFTA: Capstone and Cornerstone," The Southwest Economy, The Federal Reserve Bank of Dallas, September/October 1993, 1-4.
Kreinin, M.E., "The Uruguay Round and the Future of Trade Policy," The Globalization of Business in the 1990s: Implications for Trade and Investment, Vol. 1, 1994, pp. 3-14.
V. TRADE PROBLEMS OF DEVELOPING COUNTRIES
Kreinin Chapter 8.
VI. FACTOR MOVEMENTS
Kreinin Chapter 9.
Reich, R.B., "Who Is Us?," Harvard Business Review, January-February, 1990, 53-64.
VII. BALANCE OF PAYMENTS ACCOUNTING
Kreinin Chapter 10.
VIII. INTERNATIONAL EXCHANGE RATES AND MARKETS
Kreinin Chapters 11 and 12.
IX. INTERNATIONAL TRADE AND THE ENVIRONMENT
Bhagwati, J., "The Case for Free Trade," Scientific American, November 1993, pp. 42-49.
Daly, H.E., "The Perils of Free Trade," Scientific American, November 1993, pp. 50-57.
X. THE THIRD WORLD DEBT.
Readings to be assigned in class.
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