International Economics (Fall 2017 - ITAM):
ECO-13101-001 (Monday and Wednesday 17:30-19:00, room ISOPB in ST)
ECO-13101-002 (Monday and Wednesday 19:00-20:30, room ISOPB in ST)
Midterm scheduled to Monday, 9th October
- Syllabus
- Online class on International Trade by Professor Ronald W. Jones: 1,2,3,4
- Other media: Charlie Rose's debate about NAFTA with James Goldsmith and Laura Tyson; Paul Krugman Prize Lecture; Russ Roberts on Smith, Ricardo, and Trade
- Readings
- Week 1: Introduction to international trade and static optimization [handout1, handout2; KOM2012chp1 and chp2; readings:(1)(2)]
- Week 2: Simple trade model and the Ricardian model [handout3; KOM2012chp3; readings:(1)(2)]
- Week 3: Implications and extensions of Ricardian model; Non-traded sectors [handout4; KOM2012chp3, F2003chp1; readings:(1)]
- Week 4: The specific factors model [handout5; KOM2012-chp4, F2003chp3; readings:(1)(2)]
- Week 5: The Heckscher-Ohlin model [handout5, handout6; KOM2012chp5, F2003chp2: readings (1)(2)]
- Week 6: Empirical evidence of classical trade models and standard trade models [handout7;
KOM2012chp2 and 6, F2003chp5; readings:(1)]
Week 7: Gravity equations and Armington model [handout8, handout9; F2003chp5; readings:(1)]
Week 8: Inter/Intra sectoral trade and the new trade theory [handout10, handout11; readings:(1)]
Week 9: Midterm - Monday, 9th October [study topics; additional exercises; midterm; solution]
Week 10: The Krugman model [handout11; KOMchp7, F2003chp5; readings:(1)(2)]
Week 11: Extensions to the Krugman model [handout12; KOM2012chp7, F2003chp5; readings:(1)]
Week 12: New new trade theory: Melitz Model [handout13; KOM2012chp7,8; readings:(1)(2)(3)]
Week 13: New new trade theory: Melitz Model (cont) [handout13; KOM2012chp7,8]
Week 14: International trade policy, trade agreements, dumping and antidumping [handout14; KOM2012chp9/10; F2003chp7; readings:(1)(2)]
Week 15: Review of Krugman model, Melitz model, and trade policies [Exercises]
Week 16: International chain values of production [handout15, handout16; readings:(1)(2)]
Week 17: Introduction to international macro/finance; additional exercises for the final exam [handout 17; readings:(1),(2)]
Final Exam: Tuesday, December 19, 7.00am-9.45am at Rio Hondo Campus: room 102 [study topics, additional exercises]
- Practice exercises: assignment 1; assignment 2; assignment 3; assignment 4; assignment 5
- Practice exams: practice midterm 1; practice midterm 2; practice midterm 3; practice midterm 4; practice midterm 5; exam 1; exam 2; exam 3; exam 4; exam 5
- Assignments: homework 1 due October 29; homework 2 due November 30
- Grades: Midterm; Homework 1, Final Exam, Homework 2, Final Weight, Letter