ECON 243 – International Trade

 Syllabus  (PDF)          Grading Scale          Websites

DATES

TOPICS

READINGS AND ASSIGNMENTS

Week 1

 

January 4 (T)

January 6 (R)

Introduction and Review of Important Required Concepts

 

Trade in the Global Economy

Text (FT) Chapter 1

 

Chapter 1 Lecture – Trade in the Global Economy   (PPT)

 

Review of Utility Theory and Indifference Curves

 

Problem Set 1 Assigned - Due Date: January 18, 2022

(Available in Canvas under Assignments)

Week 2

 

January

9, 11

Trade and Technology:
The Ricardian Model

Text (FT) Chapter 2

 

Handout: Absolute Advantage and Comparative Advantage-A Primer

 

Chapter 2 - Trade and Technology: The Ricardian Model   (PPT)

 

Problem Set 2 Assigned - Due Date: January 25, 2022

(Available in Canvas under Assignments)

Week 3

 

January

16, 18

Trade and Technology:
The Ricardian Model Cont’d

 

Gains and Losses from Trade in the Specific-Factors Model

Text (FT) Chapters 2 and 3

 

Chapter 2 - Trade and Technology: The Ricardian Model   (PPT)

 

Chapter 3 - Gains and Losses from Trade in the Specific-Factors Model   (PPT)

Week 4

 

 January

23, 25

Gains and Losses from Trade in the Specific-Factors Model

 

Trade and Resources:
The Heckscher–Ohlin Model

Text (FT) Chapters 3 and 4

 

Chapter 3 - Gains and Losses from Trade in the Specific-Factors Model   (PPT)

 

Chapter 4 - Trade and Resources: The Heckscher–Ohlin Model   (PPT)

 

Problem Set 3 Assigned - Due Date: February 6, 2022

(Available in Canvas under Assignments)

Week 5

 

January 30

February 1

Chapter 4 - Trade and Resources:
The Heckscher–Ohlin Model Cont’d

 

Study Guide Exam 1   (PDF)

Text (FT) Chapter 4

 

Chapter 4 - Trade and Resources: The Heckscher–Ohlin Model   (PPT)

 

Relative Supply and Demand Example

Week 6

 

February 6, 10

Catching – up Time and Review for Exam

 

Exam 1

Exam 1 will be held on Thursday, February 10 from 3:30 pm to 4::45 pm

Week 7

 

February

13, 15

Movement of Labor and Capital Between Countries

Text (FT) Chapter 5

 

Chapter 5 – Movement of Labor and Capital Between Countries   (PPT)

 

Problem Set 4 Assigned - Due Date: March 6, 2022

(Available in Canvas under Assignments)

Week 8

 

February

20, 22

Movement of Labor and Capital Between Countries Cont’d

 

Increasing Returns to Scale and Monopolistic Competition

Text (FT) Chapters 5 and 6

 

Chapter 6 – Increasing Returns to Scale and Monopolistic Competition   (PPT)

 

Problem Set 5 Assigned - Due Date: March 13, 2022

(Available in Canvas under Assignments)

Week 9, Sunday February 27, 2022 – Thursday, March 3, 2022

Spring Break, no classes

WEEK 10

 

 March

6, 8

Increasing Returns to Scale and Monopolistic Competition

 

Study Guide Exam 2 (PDF)

Text (FT) Chapter 6

 

Chapter 6 – Increasing Returns to Scale and Monopolistic Competition   (PPT)

WEEK 11

 

March

13, 15

Import Tariffs and Quotas Under Perfect Competition

Text (FT) Chapter 8

 

Chapter 8 - Import Tariffs and Quotas Under Perfect Competition   (PPT)

 

Problem Set 6 Assigned - Due Date: March 22, 2022 (Not to be Handed In – We will go over in class on March 22)

(Available in Canvas under Assignments)

WEEK 12

 

March

20, 22, 24

Catching- up Time and Review

 

Exam 2

Exam 2 will be held on Thursday, March 24 from 3:30pm to 4::45 pm

WEEK 13

 

March

27, 29

 

 

 

 Import Tariffs and Quotas Under Imperfect Competition

Text (FT) Chapter 9

 

Chapter 9 - Import Tariffs and Quotas Under Imperfect Competition   (PPT)

 

Commercial Policy   (PPT)

 

Problem Set 7 Assigned - Due Date: April 7, 2022 (Not to be Handed In - We will go over in Recitation on April 7) 

(Available in Canvas under Assignments)

WEEK 14

 

April

3, 5

Export Subsidies in Agriculture and High-Tech Industries

 

Study Guide for New Material on Final Exam   (PDF)

Text (FT) Chapter 10

 

Chapter 10 - Export Policies in Resource-Based and High-Technology Industries   (PPT)

 

Beyond Comparative Advantage   (PPT)

 

Problem Set 8 Assigned - Due Date: April 12, 2022

(Available in Canvas under Assignments)

WEEK 15

 

April

10, 12

International Agreements: Trade, Labor, and the Environment

Text (FT) Chapter 11

 

Chapter 11 - International Agreements on Trade and the Environment   (PPT)

WEEK 16

 

 April 19

Catching-up time and Review

 

Exam Period 

April 23 – April 28

Final Exam

Final Exam is Saturday, April 23 from 12:30 pm to 2:30 pm. Rooms 0A11 and 0A12