Kirsten Wandschneider

Assistant Professor of Economics and IPE

Download the syllabus in PDF format: SYLLABUS

9/13: International Economics - Why Do We Care? 'The Trade Game' - distributed in class

9/15: How Nations Can Gain from International Trade Daniels and VanHoose: Global Economic Issues and PoliciesChapter 2 "Trade's Bounty" The Economist, December 2nd, 2004 (online)

9/20: Sources of Comparative Advantage Daniels and VanHoose: Global Economic Issues and PoliciesChapter 3 Douglas Irwin: "The U.S. in a New Global Economy" in Free Trade under Fire (distributed in class) HW 1 due at the beginning of class.

9/22: Can Globalization Lift all Boats? Daniels and VanHoose: Global Economic Issues and PoliciesChapter 10 Richard Freeman: "Are Your Wages Set in Beijing?" Journal of Economic Perspectives, 1995 (available online, J-stor)

9/27: Regulating International Trade Daniels and VanHoose: Global Economic Issues and PoliciesChapter 4, pp.90-104 Edward Gresser: "Toughest on the Poor: America's Flawed Tariff System" (in King/King) HW 2 due at the beginning of class.

9/28: Film Screening: The Corporation, 7.30-10pm RAJ Conference Room

9/29: 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)

10/4: Arguments for Restricting Trade Paul Krugman: "Is Free Trade Passé?" Journal of Economic Perspectives, 1987 (available online, J-stor) Paul Krugman: "Economic Shuttle Diplomacy" in Pop Internationalism (Pick up outside my office!) HW 3 due at the beginning of class.

10/6: 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); Rachel Friedberg and Jennifer Hunt: "The Impact of Immigrants on Host Country Wages, Employment and Growth" Journal of Economic Perspectives (available online, J-stor)

10/11: 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) HW 4 due at the beginning of class.

10/13: CAFTA, a Strategy for the Future? Case Study on CAFTA Check out these two papers: Elliott: Labor Standards and the Free Trade Area of the Americas and Elliott: Labor Standards, Development and CAFTA

10/18: Trade and Development David Dollar and Aart Kraay: "Spreading the Wealth" (in King/King); Dani Rodrick: "The Global Governance of Trade as if Development Really Mattered" (in King/King); Anne McGuirk: "The Doha Development Agenda" (in King/King); Policy Paper I due at the beginning of class.

10/20: Midterm Recess

10/25: Economic Sanctions 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); Richard Haass: "Sanctioning Madness" Foreign Affairs 1997 (available online) HW 5 due at the beginning of class.

10/27: Midterm Exam in class!

11/1: Introduction to 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)

11/3: 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)

11/8: 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) HW 6 due at the beginning of class.

11/9: Film Screening: The Crash, PBS Frontline 7.30-10pm, RAJ conference room

11/10: Global Money and Banking Daniels and VanHoose: Global Economic Issues and PoliciesChapter 9Atish Ghosh, Jonathan Ostry, Anne-Marie Gulde, and Holger Wolf: "Does the Exchange Rate Regime Matter for Inflation and Growth" (in King/King)

11/15: Financial Crises 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) HW 7 due at the beginning of class.

11/17: Fixed versus Flexible Rates: The Case of China Peter Kenen: "Fixed versus Floating Exchange Rates" (in King/King); "Yuan Step at a Time" The Economist, Jan 29th, 2005 (available online)

11/22: Film Screening: Is Wal-Mart Good for America? PBS Frontline (in class)

11/24: Thanksgiving

11/29: Exchange Rate Systems Past to Present Daniels and VanHoose: Global Economic Issues and Policies Chapter 7, pp. 202-229; Barry Eichengreen: Globalizing Capital, A History of the International Monetary System Chapter 1 (distributed in class) HW 8 due at the beginning of class.

12/1: 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) Panel Discussion in Class!

12/6: Developing Countries and Debt Jeffrey Sachs: "A Strategy for Efficient Debt Reduction" Journal of Economic Perspectives (available online, J-stor) Jeffrey Sachs: "What is Good for the Poor is Good for America" The Economist, 2001 (available online) Policy Paper II due at the beginning of class.

12/8: Open Discussion & Review

FINAL EXAM: December 17th, 7-10pm!