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syllabus of principles of economics

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syllabus of principles of economics

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									Syllabus of International Economics
I. Course Description Understanding the international economy is key to successful decision making in a broad range of business and financial arenas. The purpose of this course is to survey the basics of international trade and finance and to examine the effects of various international economic policies on domestic and world welfare. International economics is divided into two branches: (1) the study of international trade in goods and services and (2) the study of monetary consequences of international payment between countries. It is essential that you have passed your principles courses (Introduction of Economics and Principle of Economics), and have a working knowledge of algebra and geometry, for we will learn many of the tools of the economist.

There will be an emphasis on a number of key areas of study: 1 Why Nations Trade: a) Classical Theory Chapter and b) Modern Theory Chapter; 2 The Basis for Trade: The Factor Proportions Hypothesis; 3 New Approaches to Trade Theory; 4 The Theory of Protection: Tariffs and Other Barriers to Trade; 5 Arguments for Protection; 6 Trade of Less Developed Countries; 7 International Mobility of Labor and Capital Midterm; 8 Balance of Payments Accounting; 9 Markets for Foreign Exchange; 10 Payments Adjustment with Fixed Exchange Rates Chapter; 11 Balance of Payments adjustment through Exchange Rate Changes; 12 The International Monetary System. II. Learning Objectives 1. Provide fundamental principles of international economics, its rationale, elements and development; 2. Help students understand the policies and affairs of international economics. 3. Make students a more astute participant in the international economy. 4. Give students a better understanding of the potential and limits of international economic policy. III. Course Format

The course will meet twice a week (24 classes, 90 minutes each class). The course will discuss a number of case studies that apply the theory which has just been developed. The class highly encourages questions and discussions from students. IV. Course Requirements Students should attend the regular class every week and should anticipate an average of 2 hours of reading and preparation for each class. In addition to classes and readings, students will need to complete a team presentation and a final exam paper. Course Grade will be comprised of: Class participation Homework Team presentation Final exam paper V. Schedule Week 1 2 3 4 5 6 7 8 9 10 11 12 content The International Economy and Foundations of Modern Trade Theory International Equilibrium Trade Model Extensions and Applications Tariffs and NonTariff Trade Barriers Trade Policies for the Developing Nations Regional Trading Arrangement The Balance of Payments Foreign Exchange Exchange-Rate Determination Exchange-Rate Adjustments and the Balance of Payments Exchange-Rate Systems Macroeconomic Policy In an Open Economy 10% 10% 30% 50%

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VI. Reading List The following textbooks provide many of presentations in class and are required reading for the class. 1. Text book: Robert J. Carbaugh. 原毅军编审, International Economics, 9th Edition, Press of Higher Education of China,2007; 2. 3. 4. 5. Robert J. Carbaugh 著,原毅军等译,国际经济学,机械工业出版社,2002; Robert J. Carbaugh 著,原毅军等译,国际经济学学习指南,机械工业出版社,2004; 原毅军 主编,国际经济学,机械工业出版社,2005; Paul. R. Krugman,Maurice Obsstfeld,International Economics: Theory and Policy(英文 版),清华大学出版社,2004。

In addition, the following books are recommended for reading. 1. 2. Dominick Salvatore,International economics,清华大学出版社,2004. Mordechai E. Kreinin, International Economics: a Policy Approach, 北京大学出版社, 2003; 华民编,国际经济学,复旦大学出版社,2005. 李坤望编,国际经济学,高等教育出版社,2005. 黄卫平编,国际经济学,中国人民大学出版社,2004. 海闻编,国际经济学,高等教育出版社,2008. 李天德编,国际经济学,四川大学出版社,2007.

3. 4. 5. 6. 7.

More readings for the class will be available either online on the course website (to be developed) or distributed in the class.

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