| I. International Trade: The Basic Tools |
| 1 |
International Trade and Gains from Trade |
|
| 2-3 |
The Ricardian Model |
|
| 4-5 |
The Specific Factors Model |
Problem set 1 due on Lecture 4 |
| 6-7 |
The Standard Trade Model
Globalization and Inequality
The Transfer Problem |
|
| 8-9 |
Trade Policy - Tariffs |
Problem set 2 due on Lecture 8 |
| II. The Political Economy of Trade and Controversies on Globalization |
| 10 |
Debate I: Globalization and Inequality |
|
| 11 |
Trade Policy and Development |
Problem set 3 due |
| 12 |
Midterm |
|
| III. Open Economy Macroeconomics: Intertemporal Trade |
| 13-14 |
Intertemporal Trade and the Current Account |
|
| 15-16 |
The U.S. Current Account and the Dollar |
|
| IV. International Capital Markets |
| 17 |
The Foreign Exchange Market |
|
| 18 |
Hedging Currency Risk |
|
| V. Open Economy Macroeconomics: Short-Run Adjustment and Crises |
| 19-20 |
Money and Exchange Rates |
|
| 21-22 |
The Mundell Fleming Model and Exchange Rate Regimes |
|
| 23 |
Debate II: Emerging Market Crises, the Role of the IMF |
|
| 24-26 |
Financial Crises, Currency Crises |
|