• Introduce students to an analytical framework that can be used for understanding current events in the field of international economics.
• Learn about and use sources of information related to the global economy and be mindful of measurement issues.
• Ability to distinguish good economic arguments for international trade and international macroeconomic policy that include a systematic awareness of the cost and benefits that identify areas of uncertainty as well as difficulties encountered with empirical assessments.
• Develop an awareness of the distributional consequences of a globalization and economic policy Developed skills in the critical analysis and presentation of these arguments through careful study and through active class participation.
• Gain an historical understanding of international economics
• Ability to write and communicate effectively.

ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY
You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. The final exam period runs until Friday, May 26th. 

Students who miss four classes or less will have an opportunity to drop one low exam and replace its weight with two additional questions to be answered during the 4th (final) exam. Students who arrive after the role call will be counted as absent.

Week 1: January 16, 18
Chapter 1: Introduction
Chapter 2: World Trade: An Overview (include the Gravity Model)
Chapter 3: Labor Productivity and Comparative Advantage: The Ricardian Model
Week 2: January 23, 25
Chapter 3 (cont)
Chapter 5: Resources and Trade: The Heckscher-Ohlin Model
Week 3: January 30, February 1
Chapter 5: (cont)
Chapter 7: External Economies of Scale and the International Location of Production    
Week 4: February 6, 8, and 10
Chapter 7 (cont)
Exam 1 Wednesday, February 8: Chapters 1, 2, 3, 4, 5, 7
Chapter 8: Firms in the Global Economy
Week 5: February 13, 15
Chapter 9: The Instruments of Trade Policy
Chapter 10: The Political Economy of Trade Policy
Week 6: February 20, 22
Chapter 11:  Trade Policy in Developing Countries
Chapter 12: Controversies in Trade Policy
Week 7: February 27, March 1
Exam 2: Wednesday, March 1 Chapters 8, 9, 10, 11, 12
Week 8: March 6, 8
Chapter 13: National Income Accounting and the Balance of Payments
Chapter 14: Exchange Rates and the Foreign Exchange Market: An Asset Approach
Week 9: March 13, 15
Chapter 14 (cont)
Chapter 15:  Money, Interest Rates, and Exchange Rates
Chapter 16: Price Levels and the Exchange Rate in the Long Run
Week 10: March 20, 22
Chapter 17: Output and the Exchange Rate in the Short Run
Week 11: March 27, 29
Exam 3: Wednesday, March 29: Chapters 13, 14, 15, 16, 17
Chapter 18: Fixed Exchange Rates and Foreign Exchange Intervention
Chapter 19: The International Monetary Systems: An Historical Overview
SPRING BREAK week of April 3rd
Week 12: April 10, 12
Chapter 20: Financial Globalization: Opportunity and Crisis
Chapter 21: Optimum Currency Areas and the Euro
Week 13: April 19
Chapter 21 (cont)
Week 14: April 24, 26
Chapter 22: Developing Countries: Growth, Crisis and Reform

Final Exam: See University Schedule for date, place and time.