1. |
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Trade in the Global Economy I |
Structures and plans of this lectures are provided |
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Trade in the Global Economy II |
Overviews history of international trade |
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Trade in the Global Economy III |
Discusses important articles and major activities of GATT and WTO |
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2. |
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Ricardian Model I |
Basic concepts of the model - opportunity cost and comparative advantage, in particular- are explained |
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Ricardian Model II |
Overviews main concept of production possiblity frontier. |
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Ricardian Model III |
Explains what indifference curve is about and how domestic equilibrium is made without trade |
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Ricardian Model IV |
Explains how each country gains from trade by specializing the goods in which it has a comparative advantage. |
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3. |
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Specific Factors Model I |
Explains how this model is similar to or different from the Ricardian Model in terms of diminishing marginal products. |
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Specific Factors Model II |
Reviews microeconomic theories used in the Specific Factors Model |
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Specific Factors Model III |
Understand gains and losses from trade by analyzing output and input price changes made by trade when capital is fixed in each sector as a specific factor |
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4. |
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Hecksher-Ohlin Model I |
Explains basic assumptions of the model, including factor intensity and factor abundance, and go over relative labor demand |
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Hecksher-Ohlin Model II |
Understand gains losses from trade in the long-run when capital is mobile across sectors by analyzing output and input price changes made by trade |
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Problem Set Review: Ricardian Model |
Reviews problem set questions for the Ricardian Model |
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Problem Set Review : Specific Factors Model and Hecksher Ohlin Model |
Reviews problem set questions for the shor-run Specific Factors Model and long-run Hecksher-Ohlin Model |
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5. |
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Movement of Labor and Capital Between Countries I |
Understands the short-run effect of immigration on domestic output level and real wage |
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Movement of Labor and Capital Between Countries II |
Understands the long-run effect of international factor movements on domestic output level and factor prices and derives the Rybczynski Theorem |
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Movement of Labor and Capital Between Countries III |
Reviews problem set questions |
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6. |
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New Trade Theory I |
Compares the New Trade Theory with traditional ones from the aspects of economic models and gains from trade, and shed light on Krugmans contribution |
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New Trade Theory II |
As one pillar of the New Trade Theory, this lecture explains monopolistic competition from microeconomic aspects |
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New Trade Theory III |
As another pillar of the New Trade Theory, this lecture explains increasing returns to scale. The concept of elasticity is also added. |
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New Trade Theory IV |
Discusses what happens before and after trade, and explains gains from trade for consumers and producers |
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7. |
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Tariff I |
Begins a chapter on trade policies and introduce a case study on the U.S. steel tariff to discuss the political economy of imposing tariffs |
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Tariff II |
Reviews basic concepts of consumer surplus, producer surplus, efficiency, and the first fundamental theorem of welfare economics as tools for analyzing the effect of imposing tariff |
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Tariff III |
Explains gains and losses of imposing tariff by comparing consumer surplus, government revenue, and deadweight loss. |
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Tariff IV |
Explains the effect of imposing tariffs on large countries and seeks numerical solutions for the dead-weight loss |
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8. |
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Game Theoretic Approach I |
Explians basic elements of a game and principles of the prisoners dilemma |
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Game Theoretic Approach II |
Explains pure strategies, mixed strategies, and multiple Nash Equilibriium |
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Game Theoretic Approach III |
Analyze the effect of tariffs and export subsidies using game theories |
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9. |
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WTO and Trade Policies I |
Reviews major GATT articles and legal grounds for the so-called 3 remedies |
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WTO and Trade Policies II |
Reviews legal grounds for safeguards and find examples |
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WTO and Trade Policies III |
Reiviews legal grounds for anti-dumping duties and counterveiling duties |
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WTO and Trade Policies IV |
Reviews WTO is rules of origin |
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WTO and Trade Policies V |
Read Ch. 3 of "Bad Samaritans" written by Prof. Ha-Joon Chang as alternatives views |
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10. |
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Introduction to Macroeconomics I |
Introduces Macroeconomics as opposed to Microeconomics and explains GDP, consumption, investment, and government spending |
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Introduction to Macroeconomics II |
Overviews equilibrium in the goods market and examines how C, I, and G affect Y. |
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Introduction to Macroeconomics III |
Find equilibrium in the money market through its demand supply and examines relationship between money supply and interest rate |
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11. |
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Macroeconomic Policies I |
Investigates how fiscal and monetary policies (both expansionary and contractionary) affect equilibria in the goods market and money market, and introduces the crowd-out effect |
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Macroeconomic Policies II |
Compares the floating exchange rate scheme with the fixed on, and examines the relationship between exchange rates and macroeconomic policies |
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Macroeconomic Policies III |
Studies several cases for the international macroeconomic policies |
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