Economics 433, Fall 2007

Syllabus

Lecture Notes on Relative Prices and Costs

Problem Set 1

Answers to Problem Set 1

The MPL as a derivative

Problem Set 2

Answers to Problem Set 2

Sample Mid-Term Exam

Answers to Sample Mid-Term Exam

Answers to 1^st Mid-Term Exam

Answers to Problem Set 3

Problem Set 4

Answers to Problem Set 4

Answers to 2^nd Mid-Term Exam

Problem Set 5

Answers to Problem Set 5

Practice Questions for Final Exam

Answers to Practice Questions for Final Exam (WARNING: the answers I found in my files are for questions with different numbers than the ones in the Practice Questions posted, so please adjust accordingly).

For discussion on Thursday September 27:

Josh Bivens on Manufacturing Job Loss

The Economist: In the Shadow of Prosperity

Irwin’s Free Trade Under Fire (Chapters 1 to 4)

Some relevant links and papers:

Increasing Wages in China, NTY

Fed’s Chairman Bernanke on Trade

China’s trade with Africa carries a price tag, NYT

Second Thoughts on Free Trade, by Schumer and Roberts

Free-Trade Worriers, by Doug Irwin

Trade Fears are all Smoke, CATO Institute

Trade, Jobs and Growth, by Anne Krueger

The Economist: Manufacturing in Asia

More Pain than Gain – Are Workers Missing out on Globalization? The Economist

The Economist: Globalisation and Inequality

Rodrik on Globalization (NYT)

Cato Institute on Trade Deficits and Unemployment

A simple correlation exercise for trade deficits and unemployment in the U.S.

Summers on Globalization and the Global Middle Class

Pain from Free Trade (WSJ)

Rodrik: Cheerleaders Threat to World Trade (Financial Times, March 26)

Tariffs as enemies of freedom, by James Bovard

Protectionism in America by Consumers for World Trade