Jim Whitney Economics 311

Economics 311: International Economics

Course schedule IB. Explaining trade behavior

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Dates: Feb.1-17
Topic: IB. Explaining Trade Behavior 
Readings: Text: 3 (pp.50-52); 4; 5 (pp.77-82, 87-91); 6; 10 (pp.174-177) 
See schedule below for supplementary readings
Deadlines: Feb.19: Problem Set 2 due 
Feb.23: QWizPlus unit IB due
Feb.24: Exam 1 (For review: Past exams online
Mar.5: Paper deadline 1

IB1. Resource Endowments and Trade (The Heckscher-Ohlin model)
Day 6: IB1a. Assumptions
IB1b(1). The Heckscher-Ohlin Theorem
Readings:    Text: 3 (pp.50-52)
Handouts:    Trade Opinioin Poll
 
Days 7-8: IB1b(2). The Stolper-Samuelson Theorem
IB1c. Heckscher-Ohlin and the real world: the evidence
Readings:    Text: 4; 5 (pp.77-82)
   Lamb, Job Opportunity or Exploitation?
Handouts:    Resource endowments and trade
   The Stolper-Samuelson theorem
   Resource-based trade: Who wins? Who loses?
   Heckscher-Ohlin and the real world: the evidence
   
Day 9: IB2. Technology and Trade
Readings:    Text: 5 (pp.87-91) 
   Vernon, "International Investment and International Trade in the Product Cycle" (1966)
   
IB3. Market Structure and Trade
Day 10: IB3a. Decreasing cost industries 
IB3b. Monopolistic competition
Readings:    Text: 6 
 
Day 11: IB3c. Monopoly and oligopoly
IB3c(1). Domestic market power
Handouts:    Trade under domestic monopoly conditions
   Trade under domestic monopoly conditions: summary results
Workshop: The general equlibrium geometry of trade
Handouts:    General equilibrium trade geometry: Pre-workshop preparation
   General equilibrium trade geometry: exercises
 
Day 12: IB3c(2). Global market power
Readings:    Text: 10 (pp.174-177) 
   Krugman, Selected textbook pages on 'Dumping' (1994)
Handouts:    Pricing at home and abroad
 
Day 14: Review
 
Day 15: Exam 1 (For review: Past exams online)