Kirsten Wandschneider Ph.D.

Assistant Professor of Economics and IPE

Download the syllabus in PDF format: SYLLABUS

SCHEDULE OF READINGS:

2/8: International Economics - Why Do We Care?

Daniels and VanHoose: Global Economic Issues and Policies Chapter 1

2/10: How Nations Can Gain from International Trade

Daniels and VanHoose: Global Economic Issues and Policies Chapter 2

"Why Trade is Good For You" The Economist, Oct 1, 1998 (online)

2/15: Sources of Comparative Advantage

Daniels and VanHoose: Global Economic Issues and Policies Chapter 3

"Trade's Bounty" The Economist, December 2nd, 2004 (online)

2/17: Regulating International Trade

Daniels and VanHoose: Global Economic Issues and Policies Chapter 4, pp.90-104

Edward Gresser: "Toughest on the Poor: America's Flawed Tariff System" (in King/King)

2/22: Trade Policies and Their Effects

Daniels and VanHoose: Global Economic Issues and Policies Chapter 4, pp.105-123

Robert Feenstra: "How Costly is Protectionism?" (in King/King)

2/24: Arguments for Restricting Trade

Paul Krugman: "Is Free Trade Passé?" (J-stor)

Mark Groombridge: "America's Bittersweet Sugar Policy" (in King/King)

3/1: Trade and Labor

Jagdish Bhagwati: "Borders Beyond Control" (in King/King)

Drusilla Brown: "Labor Standards: Where Do They Belong on the International Trade Agenda" (in King/King)

David Dollar and Aart Kraay: "Spreading the Wealth" (in King/King)

3/1: Film Screening: "Bread and Roses" 7.30-10pm, Room: TBA

3/3: Can Globalization Lift all Boats?

Daniels and VanHoose: Global Economic Issues and Policies Chapter 10

Joseph Stiglitz: "The Roaring Nineties" Atlantic Monthly, Oct. 2002 (available online)

3/8: Regionalism vs. Multilateralism

Daniels and VanHoose: Global Economic Issues and Policies Chapter 5

Joanna Moss: "Economic Developments during NAFTA's First Decade" (in King/King)

3/10: Midterm Exam in Class

3/15: Trade Policy as Political Tool

Gary Clyde Hufbauer, Jeffrey Schott, and Barbara Oegg: "Using Sanctions to Fight Terrorism" (in King/King)

"When Sanctions Don't Work" The Economist, April 6th, 2000 (available online)

3/15: Film Screening: "The Yes Men" 7.30-10pm, Room: TBA

3/17: The Role of the WTO

Dani Rodrick: "The Global Governance of Trade as if Development Really Mattered" (in King/King)

Anne McGuirk: "The Doha Development Agenda" (in King/King)

Philip King: "Intellectual Property Rights and the WTO" (in King/King)

3/29: No Class

3/29: Film Screening: "The Corporation" 7.30-10pm, Room: TBA

3/31: Industrial Structure in the Global Economy

Daniels and VanHoose: Global Economic Issues and PoliciesChapter 11

4/5: Balance of Payments

Daniels and VanHoose: Global Economic Issues and Policies Chapter 6, pp. 160-168

Cletus Coughlin and Patricia Pollard: "What Drives Large Current Account Deficits?" (in King/King)

William Poole: "Does the US have a Current Account Deficit Disorder?" (in King/King)

Eamonn Fingleton: "The Other Deficit" Atlantic Monthly, 2002 (available online)

4/7: Foreign Exchange Markets

Daniels and VanHoose: Global Economic Issues and Policies Chapter 6, pp. 168-201

Sam Cross: "The Structure of Foreign Exchange Markets" (in King/King)

4/12: The Power or Arbitrage

Daniels and VanHoose: Global Economic Issues and Policies Chapter 8

Gregory P. Hopper: "What Determines the Exchange Rate: Market Factors or Market Sentiment?" (in King/King)

"Yuan Step at a Time" The Economist, Jan 29th, 2005 (available online)

4/14: Exchange Rate Systems Past to Present: The Gold Standard

Daniels and VanHoose: Global Economic Issues and Policies Chapter 7, pp. 202-208

Barry Eichengreen: Globalizing Capital, A History of the International Monetary System Chapters 1 and 2

4/19: Exchange Rate Systems Past to Present: Bretton Woods and Floating

Daniels and VanHoose: Global Economic Issues and Policies Chapter 7, pp. 208-229

Barry Eichengreen: Globalizing Capital, A History of the International Monetary System Chapters 4 and 5

4/21: Public Lecture 4.30-6pm RAJ Larry Neal: From the Enlargement of the European Union to the Enlargement of the Euro (attendance required)

4/26: Global Money and Banking

Daniels and VanHoose: Global Economic Issues and Policies Chapter 9

Peter Kenen: "Fixed versus Floating Exchange Rates" (in King/King)

Atish Ghosh, Jonathan Ostry, Anne-Marie Gulde, and Holger Wolf: "Does the Exchange Rate Regime Matter for Inflation and Growth" (in King/King)

4/28: Financial Crises --- Screening: Frontline "The Crash"(in class).

Daniels and VanHoose: Global Economic Issues and Policies Chapter 14, pp.442-463

Abbigail Chiodo and Michael Owyang: "A Case Study of Currency Crisis: The Russian Default of 1998" (in King/King)

Ramon Moreno: "Learning from Argentina's Crisis" (in King/King)

5/3: Proposals for a New Financial World Order

Daniels and VanHoose: Global Economic Issues and Policies Chapter 14, pp.463-475

Ramon Moreno:"Capital Controls and Emerging Markets" (in King/King)

Richard Cooper: "Chapter 11 for Countries" (in King/King)

Jeffrey Sachs: "International Lender of Last Resort: What are the Alternatives" (in King/King)

5/5: Open Discussion & Review

FINAL EXAM: May 14th, 9am-noon, WNS 202