International Economics

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사회과학 >경영ㆍ경제 >경제학
강의학기

2018년 1학기

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9,663

강의계획서

<교재 및 출처>

- Feenstra, Robert and Alan Taylor. International Economics (2nd edition)

- Chang, Ha-joon (2008). Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism.

차시별 강의

1.	Trade in the Global Economy I	Structures and plans of this lectures are provided
	Trade in the Global Economy II	Overviews history of international trade
	Trade in the Global Economy III	Discusses important articles and major activities of GATT and WTO
2.	Ricardian Model I	Basic concepts of the model - opportunity cost and comparative advantage, in particular- are explained
	Ricardian Model II	Overviews main concept of production possiblity frontier.
	Ricardian Model III	Explains what indifference curve is about and how domestic equilibrium is made without trade
	Ricardian Model IV	Explains how each country gains from trade by specializing the goods in which it has a comparative advantage.
3.	Specific Factors Model I	Explains how this model is similar to or different from the Ricardian Model in terms of diminishing marginal products.
	Specific Factors Model II	Reviews microeconomic theories used in the Specific Factors Model
	Specific Factors Model III	Understand gains and losses from trade by analyzing output and input price changes made by trade when capital is fixed in each sector as a specific factor
4.	Hecksher-Ohlin Model I	Explains basic assumptions of the model, including factor intensity and factor abundance, and go over relative labor demand
	Hecksher-Ohlin Model II	Understand gains losses from trade in the long-run when capital is mobile across sectors by analyzing output and input price changes made by trade
	Problem Set Review: Ricardian Model	Reviews problem set questions for the Ricardian Model
	Problem Set Review : Specific Factors Model and Hecksher Ohlin Model	Reviews problem set questions for the shor-run Specific Factors Model and long-run Hecksher-Ohlin Model
5.	Movement of Labor and Capital Between Countries I	Understands the short-run effect of immigration on domestic output level and real wage
	Movement of Labor and Capital Between Countries II	Understands the long-run effect of international factor movements on domestic output level and factor prices and derives the Rybczynski Theorem
	Movement of Labor and Capital Between Countries III	Reviews problem set questions
6.	New Trade Theory I	Compares the New Trade Theory with traditional ones from the aspects of economic models and gains from trade, and shed light on Krugmans contribution
	New Trade Theory II	As one pillar of the New Trade Theory, this lecture explains monopolistic competition from microeconomic aspects
	New Trade Theory III	As another pillar of the New Trade Theory, this lecture explains increasing returns to scale. The concept of elasticity is also added.
	New Trade Theory IV	Discusses what happens before and after trade, and explains gains from trade for consumers and producers
7.	Tariff I	Begins a chapter on trade policies and introduce a case study on the U.S. steel tariff to discuss the political economy of imposing tariffs
	Tariff II	Reviews basic concepts of consumer surplus, producer surplus, efficiency, and the first fundamental theorem of welfare economics as tools for analyzing the effect of imposing tariff
	Tariff III	Explains gains and losses of imposing tariff by comparing consumer surplus, government revenue, and deadweight loss.
	Tariff IV	Explains the effect of imposing tariffs on large countries and seeks numerical solutions for the dead-weight loss
8.	Game Theoretic Approach I	Explians basic elements of a game and principles of the prisoners dilemma
	Game Theoretic Approach II	Explains pure strategies, mixed strategies, and multiple Nash Equilibriium
	Game Theoretic Approach III	Analyze the effect of tariffs and export subsidies using game theories
9.	WTO and Trade Policies I	Reviews major GATT articles and legal grounds for the so-called 3 remedies
	WTO and Trade Policies II	Reviews legal grounds for safeguards and find examples
	WTO and Trade Policies III	Reiviews legal grounds for anti-dumping duties and counterveiling duties
	WTO and Trade Policies IV	Reviews WTO is rules of origin
	WTO and Trade Policies V	Read Ch. 3 of "Bad Samaritans" written by Prof. Ha-Joon Chang as alternatives views
10.	Introduction to Macroeconomics I	Introduces Macroeconomics as opposed to Microeconomics and explains GDP, consumption, investment, and government spending
	Introduction to Macroeconomics II	Overviews equilibrium in the goods market and examines how C, I, and G affect Y.
	Introduction to Macroeconomics III	Find equilibrium in the money market through its demand supply and examines relationship between money supply and interest rate
11.	Macroeconomic Policies I	Investigates how fiscal and monetary policies (both expansionary and contractionary) affect equilibria in the goods market and money market, and introduces the crowd-out effect
	Macroeconomic Policies II	Compares the floating exchange rate scheme with the fixed on, and examines the relationship between exchange rates and macroeconomic policies
	Macroeconomic Policies III	Studies several cases for the international macroeconomic policies

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