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JOHN CABOT UNIVERSITY

COURSE CODE: "EC 316"
COURSE NAME: "International Economics "
SEMESTER & YEAR: Summer Session I 2020
SYLLABUS

INSTRUCTOR: Alessandro Antonelli
EMAIL: [email protected]
HOURS: Remote Learning
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES: Prerequisites: Junior Standing, EC 201, EC 202
OFFICE HOURS: By appointment

COURSE DESCRIPTION:
An introduction to international trade and finance. Analysis of the causes and consequences of international trade and investment. Major topics include international trade theory, international trade policy, exchange rates, open-economy macroeconomics, and international macroeconomic policy.
SUMMARY OF COURSE CONTENT:
- International Trade Theory.
- International Trade Policy.
- Exchange Rates and Open-Economy Macroeconomics.
- International Macroeconomic Policy.
- World Economic Outlook.
LEARNING OUTCOMES:
- Introduce students to an analytical framework that can be used for understanding current events in the field of international economics.
- Learn about sources of information related to the global economy.
- Ability to distinguish good economic arguments for international trade and international macroeconomic policy from those based on vested interests, narrow nationalism or ideology.
- Develop an awareness of the distributional consequences of globalization and economic policy and systemically apply a cost benefit analysis that is inclusive as well as identifies areas of uncertainty.
- Develop skills in the critical analysis and presentation of these arguments through careful study and through active class participation.
TEXTBOOK:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
International EconomicsKrugman, Obstfeld, MelitzPearsonLast or previous editions  
REQUIRED RESERVED READING:
NONE

RECOMMENDED RESERVED READING:
NONE
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
Exam 1, Exam 2, Class ParticipationThe two exams (40% + 42.5%) will consist of essay-type questions, graphic analysis, as well as some problems that require quantitative analysis, in which the student is asked to explain and/or solve with accuracy and clarity issues of a particular topic covered by the syllabus. CLASS PARTICIPATION - The class participation grade (10%) will reflect the students care in using remote learning supports.45% + 45% + 10%
   
   

-ASSESSMENT CRITERIA:
A Work of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
B This is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
C This is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
D This level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
F This work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.

-ATTENDANCE REQUIREMENTS:
The University attendance policy is described in the catalogue. Students are expected to use remote learning supports appropriately and are responsible for all material covered by the syllabus and/or discussed by the Professor, whether or not they have been nteracting directly with him on real time.
ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic dishonesty will receive a failing grade on the work in which the dishonesty occurred. In addition, acts of academic dishonesty, irrespective of the weight of the assignment, may result in the student receiving a failing grade in the course. Instances of academic dishonesty will be reported to the Dean of Academic Affairs. A student who is reported twice for academic dishonesty is subject to summary dismissal from the University. In such a case, the Academic Council will then make a recommendation to the President, who will make the final decision.
STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap. Students with approved accommodations must inform their professors at the beginning of the term. Please see the website for the complete policy.

SCHEDULE

PART I, INTERNATIONAL TRADE THEORY 

Chapter 1: What Is International Economics About? 

Chapter 2: World Trade: An Overview

Chapter 3: Labor Productivity and Comparative Advantage: The Ricardian Model 

Chapter 4/5: Specific Factors and Income Distribution 

                    Case Study: Wage Convergence in the Age of Mass Migration

                    Case Study: Foreign Workers: The Story of the GCC 


Chapter 7: External Economies of Scale 

                 Box: Holding the World Together 

                 Box: Tinseltown Economics 


Chapter 8: Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises 

                 Case Study: Antidumping as Protectionism


PART II, INTERNATIONAL TRADE POLICY 


Chapter 9: The Instruments of Trade Policy 

                 Case Study: Europe's Common Agricultural Policy 

                 Case Study: An Import Quota in Practice: US Sugar 


Chapter 10: The Political Economy of Trade Policy 

                   Box: Politicians for Sale: Evidence from the 1990s 

Chapter 11: Trade Policy in Developing Countries 

                   Box: India's Boom 

                   Case Study: Mexico Abandons Import-Substituting Industrialization 


Chapter 12: Controversies in Trade Policy 

Program review


Exam 1, Part I and Part II (Ch 1, 2, 3, 4, 5, 7, 8, 9, 10, 11; 45% weight)


PART III EXCHANGE RATES AND OPEN ECONOMY MACROECONOMICS 


Chapter 13: National Income Accounting and the Balance of Payments

                   Case Study: The Assets and Liabilities of World's Biggest Debt

Chapter 14: Exchange Rates and the Foreign Exchange Market

Chapter 15: Money, Interest Rates, and Exchange Rates

Chapter 16: Price Levels and the Exchange Rate in the Long Run 

Chapter 17: Output and the Exchange Rate in the Short Run 


Chapter 18: Fixed Exchange Rates and Foreign Exchange Intervention 


PART IV, INTERNATIONAL MACROECONOMIC POLICY 


Chapter 19: International Monetary Systems: An Historical Overview 


Chapter 20: Optimum Currency Areas and the European Experience 

                    Case Study: Is Europe an Optimum Currency Area? 

Chapter 21: Financial Globalization: Business cycles, Opportunity and Crisis  

                   Box: The Simple Algebra of Moral Hazard 

Chapter 22: Developing Countries: Growth, Crisis and Reform

                   Box: What Did Asia Do Right?

                   Case Study: East Asia: Success and Crisis

                   Case Study: The Lost Decade of Latin America Growth

                   Case Study: Financial Crisis: Mexico 1994-1995

World Economic Outlook

Program review

Exam 2, Final, Part III and Part IV (Ch 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22; 45% weight), You'll be informed by the Professor about date and time and/or see JCU final exams schedule for date and time.