New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

International Trade

by: Daphney Reichel

International Trade ECON 4450

Daphney Reichel

GPA 3.99


Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Class Notes
25 ?




Popular in Course

Popular in Economcs

This 8 page Class Notes was uploaded by Daphney Reichel on Tuesday October 27, 2015. The Class Notes belongs to ECON 4450 at University of West Georgia taught by Staff in Fall. Since its upload, it has received 18 views. For similar materials see /class/230248/econ-4450-university-of-west-georgia in Economcs at University of West Georgia.


Reviews for International Trade


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 10/27/15
ECONOMICS 4450 DR WILLIAM C SCHANIEL INTERNATIONAL ECONOMICS FALL 2008 Of cePhone Row 238 678 8394780 Email wschaniewestgaedu Of ce Hours 100 400 Monday Tuesday Wednesday amp Thursday or by appointment Texts 1 Salvatore Dominick Introduction to International Economics Hoboken NJ John Wiley amp Sons Inc 2005 2 Subscription to the Financial Times 3 My notes which will be distributed just prior to chapter discussed Course Objectives To provide the student with an understanding of comparative advantage trade policy and international monetary issues Attendance Students are expected to attend every scheduled class Material supplemental and additional to the text will be discussed in the class Preparations Students are expected to have read and outlined each chapter prior to the rst class discussion of the chapter All students are expected to read all materials ECON 4450 Page 2 Learning Objectives Grades The overall objective ofthis course is for you to learn basic economic concepts and more about the economic system in which we live To this end upon completion of the course a student will be able to 1 describe basic economic concepts such as scarcity and opportunity costs LG4 and LG 7 2 summarize in writing the key microeconomic concepts contained in an article from a business periodical e g the Wall Street Journal LGl LG 4 LG 7 and LG 9 demonstrate a basic knowledge of microeconomics including concepts such as utility maximization elasticity costs market structure and labor markets LG 4 LG9 demonstrate a basic knowledge of international economics including concepts such as comparative advantage specialization and gains to trade LG4 LG5 LG7 and LGlO recognize ethical and economic dimensions of government involvement in markets including regulation and the provision of public goods LG4 LG5 LG 11 and 6 analyze current events using economic models such as supply and demand LG4 LG 7 LG9 LGlO LGl 1 Note A complete list of expected learning goals LG for the Economics Department can be found at the department web site wwwwestcm edn Necon html L V 4 V VI V A There will be three exams each worth 100 points The questions will apply concepts discussed in class and the texts Exam I will be Tuesday September 23 Exam 11 Thursday October 30 and Exam 111 Thursday December 4 B There will be four two page analysis papers each worth 25 points The reaction papers will 1 summarize in 46 sentences an article from the Economist 2 indicate the international theory policy or issue raised or stated in the article and 3 indicate the potential consequences of article s theme or point discussed in the analysis paper The papers are due Thursday October 21 Tuesday November 4 Tuesday November 11 and Tuesday November 18 ECON 4450 Page 3 C There will be one short paper and oral presentation from that will deal with an international trade issue 1 The paper topic will be chosen in consultation with the instructor by Tuesday October 28 2 The basis for the paper will come from The Financial Times The paper will be a minimum of 5 pages using 12 point Courier font with one inch margins right left top and bottom A cover sheet which is not one of the short paper pages will give the topic the student name the course number and the instructor s name The paper is due Tuesday November 25 The short paper will use at least 10 articles from The Financial Times and the supporting articles will be turned in with the paper Each paper will be graded on the following scale 8980B 7970C 6960D 5900F 3 The presentations will utilize PowerPoint and will last 45 minutes The presentations will be made on Thursday December 11 The presenters will load the presentations on the room computer 30 to 10 minutes prior to class Each presentation will be graded as follows 5045A 4440B 3935C 3430D 2900F D An outline will be turned in for each chapter and group of readings prior to class Students are also expected to participate in the class discussion The outlines and participation will be graded on a weekly basis as follows 5 Strong answerparticipation 4 Good answerparticipation 3 Some answerparticipation 2 Limited answerparticipation l Little answerparticipation 0 No answerparticipation ECON 4450 Page 4 E In addition a subjective factor will be introduced into the nal grade The effect of this subjective factor will be to raise or lower the final total by at most 10 points The subjective factor will be derived from the following criteria Alertness in class Preparation and Attendance Effort Grade pattern Attitude Mbwwe F Final grades will be based on the following scale 630 568 A 567 505 B 504 442 C 441 279 D 378 000F ECON 4450 Page 5 WEEK DATES 2 August 19 amp August 21 3 August 26 amp August 28 4 September 2 amp September 4 5 September 9 amp September 11 6 September 16 amp September 18 7 September 23 amp September 25 8 September 30 amp October 2 9 October 7 TOPICSEXAMS DEADLINES Introduction to Course Introduction to International Economics Comparative Advantage Comparative Advantage Comparative Advantage The Standard Trade Model The Standard Trade Model HecksherOhlin and Other Trade Models HecksherOhlin and Other Trade Models Trade Restrictions Tariffs Trade Restrictions Tariffs EXAM I Chapters 1 4 NTBs amp Protectionism NTBs amp Protectionism Economic Integration Economic Integration October 8 Last Day to Drop with grade of W ECON 4450 READINGS Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 3 Chapter 3 Chapter 4 Chapter 4 Chapter 5 Chapter 5 Chapter 6 Chapter 6 Chapter 7 Chapter 7 Page 6 WEEK DATES 10 October 14 amp October 16 1 1 October 21 amp October 23 12 October 28 amp October 30 13 November 4 amp November 6 14 November 11 amp November 13 15 November 18 amp November 20 16 November 25 ECON 4450 Page 7 TOPICSEXAMSDEADLINES Growth amp Development w Trade Growth amp Development w Trade International Resource Movementamp MCs Analysis Paper 1 Due The Balance of Payments FX Markets amp FX Rates Short Paper Topic Due EXAM 11 Chapters 5 9 FX Markets amp FX Rates Analysis Paper 2 Due Exchange Rates Determination Automatic Adjustments Analysis Paper 3 Due Automatic Adjustments Adjustment Policies Analysis Paper 4 Due Flexible vs Fixed Exchange Rates International Monetary System Short Paper Due READINGS Chapter 8 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 11 Chapter 12 Chapter 13 Chapter 13 Chapter 14 Chapter 15 Chapter 16 WEEK DATES TOPICSEXAMS DEADLINES READINGS 17 December 2 EXAM III Chapters 10 16 amp December 4 Presentations 18 December 11 Final Exam Presentations 200 pm 400 pm ECON 4450 Page 8 WEEK DATES TOPICSEXAMS DEADLINES READINGS 18 December 11 Presentations continued ECON 4450 Page 9 WEEK DATES TOPICSEXAMS DEADLINES READINGS


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Jennifer McGill UCSF Med School

"Selling my MCAT study guides and notes has been a great source of side revenue while I'm in school. Some months I'm making over $500! Plus, it makes me happy knowing that I'm helping future med students with their MCAT."

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.