Economics 433, Fall 2009

Syllabus

Lecture 1

The Nuts and Bolts of Trade

Links, August 27:

· http://www.youtube.com/watch?v=pWE7WDZC-lQ

· http://www.youtube.com/watch?v=QalNVxeIKEE

Problem Set 1 – due September 8^th, 1pm, in class

Links, September 3:

· http://www.ft.com/cms/s/0/aff7e2b2-9714-11de-83c5-00144feabdc0.html?nclick_check=1

· http://www.census.gov/econ/census/topstates.html

· Will Heath on Comparative Advantage

· Comparative Advantage is not trivial

Notes on relative prices

Annotated Lecture September 8

Answers to Problem Set 1

Links, September 15:

· US imposes tariffs on Chinese tires (NYT)

· China’s reaction (NYT)

· China files complaint with WTO

The MPL as a derivative

Links, September 17:

· Chad Bown on the Financial Times

· Doug Irwin answers questions from The Economist

· Unions reactions (NYT)

· Other reactions

· Brad DeLong’s blog

Annotated Lecture September 17

TA’s remarks and suggestions for solving problem sets (thanks Bernardo!)

Problem Set 2 – due September 24^th, 1pm, in class

Endowments - Excel

Answers to Problem Set 2

Problem Set 3 (not to hand in)

Answers to Problem Set 3

Links, September 29:

· Smuggling Europe’s Waste to Poor Countries (NYT)

Lecture Notes on the Endowment Economy

Some data (textbook, chapter 4)

Lecture Notes: From Factor Endowments to Trade

Cobb-Douglas Heckesher-Ohlin Model - Excel (old version of Excel click here)

Problem Set 4 (not to hand in)

Answers to Problem Set 4

Problem Set 5 (due October 22)

Answers to Problem Set 5

Problem Set 6 (not to hand in)

Answers to Problem Set 6

Diagram for Hecksher-Ohlin

Readings for class discussion on October 27:

· Pain from Free Trade (WSJ)

· In the Shadow of Prosperity (The Economist)

· Globalization and Inequality (The Economist)

· Wages up in China as workers grow scarce (New York Times)

Adjustment to Trade Liberalization – Kerem Cosar’s PPT

Lecture Notes: Increasing Returns and Imperfect (Part 1) Competition (Book, Chapter 6)

TA’s remarks about Problem Set 5

Problem Set 7 (due November 10, 1pm, in class)

Answers to Problem Set 7

Feenstra Chapter 8