Econ 420 Lectures
ECON 420 Main Page
email: Kellin C. Stanfield
Introduction
Lecture One: Introduction to International Economics
International Trade Theory
Lecture Two: Absolute and Comparative Advantage
Lecture Three: The Pattern of and Gains from Trade with Increasing Costs
Lecture Four: Reciprocal Demand and the Terms of Trade
Lecture Five: Factor Abundance and Intensity and the Pattern of Trade
Lecture Six: Trade and Income Distritubion in the Heckscher-Ohlin Model
Lecture Seven: Imperfect Competition and Intra-Industry Trade
Lecture Eight: Technological Change and Transportation Costs in Neoclassical Trade
Commercial Policy, Trade, & Development
Lecture Nine: Welfare and Trade Effects of A Tariff
Lecture Ten: Welfare and Trade Effects of Non-Tariff Trade Barriers
Lecture Eleven: Cases for Protection
Lecture Twelve: Trade Restrictions, Industrialization, and Terms of Trade
Additional Readings for Trade and Development
Thur Oct. 8
Hamilton, "Report on Manufactures," The Theoretical Evolution of International Political Economy 1991 [1791]
Dornbush, “The Case for Trade Liberalization in Developing Countries,” Journal of Economic Perspectives 6, 1992.
Tues Oct. 13
Schneider, "Sweden's Economic Revocery and the Theory of Comparative Institutional Advantage, Journal of Economic Issues , 41, 2007
Cypher and Dietz, "Static and Dynamic Comparative Advantage: A Multi-Period Analysis with Declining Terms of Trade," Journal of Economic Issues, 32, 1998
Balance of Payments and Exchange Rates
Lecture Thirteen: Aggregate Accounting of US International Transactions
Lecture Fourteen: Markets for Foreign Exchange
Lecture Fifteen: Financial Flows and Exchange Rate Determination
Open Economy Macroeconomics
Lecture Sixteen: Trade Flows, Price Adjustment, and Exchange Rate Determination
Lecture Seventeen: Income Determination in an Open Economy
Lecture Eighteen: Automatic Adjustments and Adjustment Policies to BoP Disequilibria
Lecture Nineteen: Equilibrium in the Goods Market, Money Market, and External Market