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DateMaterial Covered in ClassReading for Next Time (4th edition)Assignments3rd edition pages
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10 SepIntroduction
FT Chapter 1 p. 1-5, 11-17; Samuelson Nordhaus p. 84-85, 101-104 (review of utility and indifference curves)
FT Ch1 1-5, 11-15
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12 SepUtility and Indifference CurvesNotes on Utility (for Monday); FT Chapter 2 p. 29-42 (for Tuesday)FT Ch2 27-40
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17 SepRicardian Model: AutarkyFT Chapter 2 p. 42-49PS 1 due Thurs 19 SepFT Ch2 41-47
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19 SepRicardian Model: Trade
For Monday: 2 news articles and 2 YouTube videos; no new reading for Tuesday (work on problem set 2)
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24 SepRicardian Model ExtensionHandout on Ricardian Model Extension, TAA websties, FT Chapter 4 p. 89-100PS 2 due Thurs 26 SepFT Ch4 87-98
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26 SepHO Model: Set-Up, Gains from Trade, HO TheoremFT Chapter 4 p. 100-108, 111-116FT Ch4 98-106, 110-114
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1 OctHO Model: SS Theorem, Trade and InequalityAutor et al. 2016 (exact pages announced by Canvas)
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3 OctAutor et al's China Shock paperNonePS 3 due Fri 4 Oct at noon
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8 OctMidterm 1FT Chapter 8 p. 241-259FT Ch8 233-251
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10 OctConsumer and Producer Surplus, Tariffs (Small Country)FT Chapter 8 p. 263-270 + US Lumber Tariff ArticleFT Ch8 256-263
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15 OctTariffs (Large Country), Optimal TariffsFT Chapter 11 p. 375-393FT Ch11 367-380
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17 OctTrade Agreements, Role of WTOFT Chapter 9 p. 311-325 + 2 Economist articlesPS 4 due Thurs 24 OctFT Ch9: 304-319
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24 OctInfant Industry ProtectionFT Chapter 10 p. 333-345FT Ch10: 327-340
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29 OctExport SubsidiesFT Chapter 10 p. 346-349 + Benin Cotton ArticlePS 5 due Fri 1 Nov at noonFT Ch10: 340-343
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31 OctProduction Subsidies4 news articles + introduction of Amiti et al.
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5 Nov2018-2019 US Trade PolicyNone
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7 NovMidterm 2FT Chapter 16 p. 579-604FT Ch16: 567-592
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12 NovCircular Flow Diagram, Balance of Payments, Global ImbalancesFT Ch 13 p. 447-452, 466-469, 473-479; Ch 14 485-490, Ch 15 534-540
FT Ch13: 435-439, 453-456, 460-466; Ch14: 473-478; Ch15: 522-528
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14 NovIntro to Exchange Rates, Determinants 1 (UIP) and 2 (PPP)For Monday: 2 articles on US trade deficit, for Tuesday: FT Chapter 18 p. 675-683, 685-686Paper due Tues Nov 19FT Ch18: 663-671
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19 NovDeterminant 3 (AS = AD), Keynesian Cross, IS CurveFT Chapter 14 p. 498-502, 512-513; FT Chapter 18 p. 689-710FT Ch14: 486-490, 499-501; FT Ch18: 675-696
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21 NovDeterminant 4 (MS = MD), LM Curve, Fiscal and Monetary PolicyFT Chapter 19 p. 729-741PS 6 due Fri 22 Nov at noonFT Ch 19 p. 715-27
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26 Nov
Trilemma, First Brexit, Fixed vs. Floating, Symmetry-Integration Diagram
for Monday: CFA Franc article; for Tuesday: FT Chapter 20 p. 771-777, 786-789, 812-823FT Ch 20 p. 757-763, 772-775, 797-807
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3 DecExchange Rate Crises2 Egypt articlesPS 7 due Thurs 5 Dec
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5 DecEgypt's Crisis; How to Prevent CrisesNone
Final Exam Fri 13 Dec, 9-11 am
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