Jim Whitney Economics 311

Economics 311: International Economics

Course schedule: IIB: The political economy of trade policy

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Dates: Mar.1-22
Topics: B. The Political Economy of Trade Policy
Readings:    Text: 7 (pp.127-130); 10 (pp.182-185); 13 (pp.263-271); 9; 12; 5 (p.81); 14 (pp.276-281) 
   See schedule below for supplementary readings
Deadlines: Mar.17: Problem Set 3 due 
          QWizPlus units IIA, IIB1 due 
 

IIB1. National welfare issues
IIB1a. Market power
Day 17: IIB1a(1). Exercising global market power
Readings:    Text: 7 (pp.127-130)
Handouts:    Trade restrictions: the optimal tariff
   
Day 18: IIB1a(2). Acquiring global market share
Readings:    Text: 10 (pp.182-185); 13 (pp.263-271) 
   Flanigan, "Gaining Altitude..." (1999)
 
Day 19: Trade policy exercise
Handouts:    Trade policy exercise
 
Days 20: Workshop: Supply and demand analysis of policymaking in a global economy
Handouts:    Pre-lab exercises
   
Day 21: IIB1b. Market failure
Readings:    Text: 9; 12 
   Krugman, "Strategic Sectors and International Competition" (1988)
Handouts:     Trade policy disputes
   Open economy policy options
   Policymaking geometry: recap 
   Infant industry analysis
   Ranking policy options
 
Day 22: IIB2. Income distribution issues
Readings:    Text: 5 (p.81)
  IIB3. Protection and politics
Readings:    Text: 14 (pp.276-281) 
   Mussa, "Making the Practical Case for Freer Trade" (1993)