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International Economics – Course Synopsis

Subject Matter:

|1 |How Trade Shaped the World | | | | |2 | A Review of Microeconomics: Market Mechanisms, the Invisible Hand, Market Failure and Policy Interventions | | | | |3 |Mercantilism, the Rise of the West, the Enlightenment Economy and Pax Britannica – Smith and Hume | | | | |4 |Ricardo, Comparative Advantage and the Classical Economists | | | | |5 |Heckscher Ohlin Vanek Factor Proportions Theory and Leontieff’s Paradox | | | | |6 |Who Gains from Trade? Mutual Benefit or Conflicts between Nations and Conflicts within Nations | | | | |7 |Increasing Returns to Scale: Is the New International Economics New? Is it Important? | | | | |8 |The Role of Technology and Innovation in Trade | | | | |9 |The Economics and Political Economy of Trade Policy | | | | |10 |Post WWII Restructuring of the International Economy | | | | |11 |Globalization, Outsourcing and an Integrated World | | | | |12 |Aid' or 'Trade not Aid' | | | | |13 |What’s Next for the World Economy: Ranking Global Challenges |

Books and Articles:

Course Text Books:

Paul R. Krugman, Maurice Obstfeld, Marc Melitz, International Economics, Prentice Hall; 9 edition (January 10, 2011) Basic text for course. We will cover first 292 pages of a total of 736 pages

Douglas A. Irwin, Free Trade Under Fire: Princeton University Press, Third Edition [Paperback] (July 20, 2009). Book is 330 of which you are responsible for sections defined in course outline.

William J. Bernstein, A Splendid Exchange: How Trade Shaped the World Monthly Press (Apr 11, 2008). This book is optional, but there will be an optional question based on...
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