Jim Whitney Economics 131

Economics 131: The World Economy

Course schedule: IIB: The political economy of trade policy

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Dates: Mar.1-17
Topics: B. The Political Economy of Trade Policy
Readings: Text:  5 (pp.113-117, 123-134) 
See schedule below for supplementary readings
Deadlines: Mar.17: Problem Set 3 due 
 

 

IIB1. National welfare issues
IIB1a. Market power
Day 17: IIB1a(1). Exercising global market power
Readings:    Text:  5 (pp.113-117)
Handouts:    Trade restrictions: the optimal tariff
Day 18: IIB1a(2). Acquiring global market share
Readings:    Flanigan, "Gaining Altitude..." (1999)
Day 19: Trade policy exercise
Handouts:    Trade policy exercise
Days 20: IIB1b. Market failure
Readings:    Text: 5 (123-131)
Handouts:    Open economy policy options
   Trade policy disputes
   Policymaking geometry: recap 
   Infant industry analysis
   Ranking policy options
Day 21: IIB2. Income distribution issues
Readings:    Text: 5 (pp.75-78)
IIB3. Protection and politics
Readings:    Text: 5 (pp.131-134) 
   Mussa, "Making the Practical Case for Freer Trade" (1993)