| 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) |