EC 40: Economics of Globalization COURSE SYLLABUS Spring 2014 About This Course

Spring 2014
EC 40: Economics of Globalization
Department of Economics, University of Vermont
Donna Ramirez Harrington
([email protected])
COURSE SYLLABUS
Class Hours
Office Hours
UTA
1:00 - 2:15 pm MWF
2:30 - 3:30 pm Tu or by appointment
Alex Corredera
Location
Location
UTA Schedule
Votey 105
233 Old Mill
TBA
About This Course
This course will offer students an opportunity to learn about the international economic integration in terms of flow of
goods, labor and capital. We will study international trade, immigration, investment flows and exchange rates. We will
also talk about global financial crisis, environmental and development issues, and how they impact trade.
Instruction Materials
Required main textbook:
Kenneth Reinert, An Introduction to International Economics, Cambridge University Press, 2012 (From
the UVM bookstore, or online at Amazon, or at Cambridge University Press)
ISBN-10: 0521177103, ISBN-13: 978-0521177108. This book has a Kindle edition.
Link: (I somehow found the whole book on pdf online, but I am not sure how long it will be there-download now!)
http://f3.tiera.ru/2/G_Economics/GI_International/Reinert%20K.A.%20An%20Introduction%20to%20International%20Economics%20%28C
UP,%202011%29%28ISBN%209781107003576%29%28O%29%28501s%29_GI_.pdf
Required supplementary textbooks on course reserve (note that only selected chapters are used)
Course reserve (physical copy):
 Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn, Microeconomics: principles, problems, and policies,
18th ed. Boston: McGraw-Hill Irwin, c2009. (Ch 1: pp 3-28; Ch 3: -pp 31-51; Ch 6: pp 90-97 – If you have taken EC
12, any Micro book chapter on PPF, demand, supply & equilibrium and CS & PS will work)
Course e-reserve
 David Colander, Macroeconomics, 8th ed, 2010, ISBN:0077247175, (Ch 15 only)
 Thomas Pugel, International Economics, ISBN-13:9780073375755; ISBN-10: 0073375756, (Ch 13 and 14)
Additional readings will be available for download on Blackboard.
Grading
Exam 1
Exam 2
Final Exam
Assignments
Feb 13
Mar 25
May 8, 10:15 - 11:45
TBA
Th, Votey 105
Tu, Votey 105
Th, Votey 105
The final exam is not cumulative, but topics will use concepts covered in the first and second exams.
Important Dates
Last day to withdraw
Spring Break
Last day of Ec 40 class
Mar 28
Mar 3-7
Apr 29
F
M-F
T
25%
25%
30%
20%
Class Policies
My class policies are consistent with UVM policies which can be found on the following websites:
Code of Student Rights and Responsibilities
http://www.uvm.edu/~uvmppg/ppg/student/studentcode.pdf
Code of Academic Integrity
http://www.uvm.edu/~uvmppg/ppg/student/acadintegrity.pdf
Specific class policies are below:
1.
.
2.
3.
Assignments The assignments will be on Bb. The dates, instructions and deadlines for each assignment will be
announced in class and posted on Bb throughout the semester. No late assignments will be accepted under any
circumstances. You have two chances to answer the first two homeworks only to allow you to get comfortable
with the Bb quizzing interface. I will record the highest of the two scores for HW1 and HW2. You will then only
have one chance to answer the rest of the homeworks. Zeroes will count. Detailed homework instructions are
on Bb. Make sure you read them!!!
Exams There will be two one hour exams during the semester: Th, February 13, and Tu, March 25. Note that the
second exam is scheduled before the withdrawal date. The Final exam will be on Th, May 8 from 10:15 am - 11:45
am. The final exam is not cumulative, but topics will use concepts used in the first two exams due to the
cumulative nature of the concepts.
Attendance I will not check attendance. Anything you miss is your responsibility. Whatever you miss when you
are absent, come late, leave early, and register late is also your responsibility. Policies for absences during exams are
discussed below. Disruptive students (those making noise, ostentatiously not paying attention, and leaving and
reentering the classroom inappropriately) may be asked to leave the class. They are responsible for the materials
they miss.
Excused Absences. Absences during any exam dates are excused only for personal medical situations and family
emergencies. University policy specifies that “In the event of illness requiring hospitalization or extended absence from classes
because of a medical condition, with permission from the student, a designated member of the Primary Care/Women’s Health staff will
notify the student's Dean's Office who will then be in touch with the student’s faculty.” Please make sure to contact the CAS
Office of Student Affairs if you get hospitalized. If I deem that your absence an exam is excused, you would need
to schedule with me a make-up exam as soon as possible. You need to take the make-up exam within a week of
your return. This exam will be different from the original exam.
Unexcused Absences For an unexcused absence during any of the exams, you will automatically receive a score of
zero on that missed exam. Early departure for Thanksgiving break is not considered an excused absence regardless
of how early you have made your plans. University policy requires you to attend all scheduled classes.
I reserve the final authority to excuse any type of absences, and final authority on deciding on missed exams.
4.
Office Hours and Email Office hours are designed to help students with challenging concepts. Office hours are
not designed for personal tutorial sessions for students who miss classes, come late or leave early. Further, I do not
make a habit of explaining any course content (exams, lectures, assignments) by email. If you need something
clarified, come to my office hours or you can speak with me before or after the class. You can set appointments to
see me outside of my office hours by email.
5.
UTA We will have a UTA for this course. He will be available to meet with students as well. He will post his office
hours on Blackboard.
6.
Special Considerations I will strictly follow University of Vermont policies regarding student athletes, special
religious events, learning disabilities, proctoring needs, extra examination time, etc. Please be aware that there are
deadlines for informing me of your special needs. Missing the deadline would mean you will not be given any
special considerations. This includes note-taking assistance and use of proctoring services for exam.
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Tentative Course Outline
I.
Introduction to the Course
b.
c.
d.
II.
Jan 14 (Tu) – Jan 16 (Th)
Waves of Globalization
Windows on the World Economy
Principles of Economics
Carbaugh Ch 1, The Economist (ppt on Bb)
Reinert Chapter 1
McConnell et al Ch 1 pp 3-11 (course reserve)
International Trade in Goods and Services
Jan 21 (Tu) – Feb 11 (Tu)
a.
(Jan 21 23)
McConnell et al Ch 3 pp 31-51 (course reserve);
McConnell et al Ch 6 pp 90-97 (course reserve);
Reinert Ch 2 App
Reinert Ch 2
(Jan 28-30)
McConnell et al Ch 1 pp 11-28 (course reserve);
Reinert Ch 3 App,
Reinert Ch 3
Reinert Ch 4 (Feb 4)
Reinert Ch 5 (Feb 4)
Reinert Ch 6 (Feb 6, 8, 11)
Reinert Ch 7 (Feb 11)
b.
c.
d.
e.
f.
Absolute Advantage
i. Fundamental Economic Principles
ii. Application to Trade
Comparative Advantage
i. Fundamental Economic Principles
ii. Application to Trade
Intra-industry Trade
Political Economy of Trade
Trade Policies
The World Trade Organization
FIRST EXAM – February 13 (Th)
g.
III.
Preferential Trade Agreements
Reinert Ch 8 (Feb 18)
International Factor Movements
a.
b.
c.
IV.
Feb 20 (Th) – Feb 27 (Tu)
Foreign Direct Investment
Offshoring and Outsourcing and World Labor Market
International Migration
International Finance
a.
b.
Reinert, Ch 9 (Feb 20)
Materials on Bb (Feb 25)
Reinert Ch 12 (Feb 27)
Mar 11 (Tu) – Apr 8 (Tu)
Balance of Payments
Exchange Rates
Reinert Ch 13 (Mar 11)
Reinert Ch 14, 15, 16 (Mar 13,18, 20)
SECOND EXAM –March 25 (Tu)
V.
c.
International Financial Crisis
d.
e.
The International Monetary Fund
Monetary Union
Reinert Ch 18, Colander Ch 15(course e-reserve)
(Mar 27, Apr 1, 3)
Reinert Ch 17 (Apr 8)
Reinert Ch 19 (Apr 8)
Development and Environment Issues
a.
b.
c.
d.
e.
Apr 10 (Th) – Apr 29 (Tu)
Growth and Development
The World Bank
Trade Policies in Developing Countries
Global Population Issues
Trade and the Environment
Reinert Ch 20, 21(Apr 10, 15)
Reinert Ch 23 (Apr 15)
Pugel Ch 14, (course e-reserve) (Apr 17)
Materials on Bb (Apr 22)
Pugel Ch 13 (course e-reserve) (Apr 24, 29)
FINAL EXAM – May 8 (Th) 10:15-11:45 am Votey 105

Except for exam dates which are fixed, the dates indicated above are tentative. They may change through the course of the semester
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