| Jim Whitney | Economics 131 |
Economics 131: The World Economy
Course schedule IB. Explaining trade behavior
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| Dates: | Feb.1-17 |
| Topic: | IB. Explaining Trade Behavior |
| Readings: | Text: 4 (pp.66-75), (pp.84-87), (pp.78-83)
See schedule below for supplementary readings |
| Deadlines: | Feb.19: Problem
Set 2 due
Feb.24: Exam 1 |
| IB1. Resource Endowments and Trade (The Heckscher-Ohlin model) | |
| Days 7-8: | IB1a. Assumptions
IB1b. Key results |
| Readings: | Text: 4 (pp.66-71) |
| Handouts: | Trade Opinioin
Poll
Resource endowments and trade |
| Day 9: | IB1c. Heckscher-Ohlin and the real world: the evidence |
| Readings: | Text: 4 (pp.71-75)
Lamb, Job Opportunity or Exploitation? |
| Handouts: | Heckscher-Ohlin and the real world: the evidence |
| Day 10: | IB2. Technology and Trade |
| Readings: | Text: 4 (pp.84-87)
Vernon, "International Investment and International Trade in the Product Cycle" (1966) |
| IB3. Market Structure and Trade | |
| Day 11: | IB3a. Decreasing cost industries
IB3b. Monopolistic competition |
| Readings: | Text: 4 (pp.78-83) |
| Day 12: | IB3c. Monopoly and oligopoly |
| Readings: | Krugman, Selected textbook pages on 'Dumping' (1994) |
| Handouts: | Trade under domestic monopoly
conditions
Trade under domestic monopoly conditions: summary results Pricing at home and abroad |
| Day 14: | Review |
| Day 15: | Exam 1 |