Professor Mitchener's office hours are Tuesday & Thursday 3:30-4 pm and by appointment in 221P Lucas.
Syllabus: Economics 3H
Tuesday, Mar. 31 Course Organization and Introduction
Location: Lucas 201
Meeting 1 Lecture NotesThursday, Apr. 2 Why do nations trade? Why don't nations completely specialize?
Location: Lucas 201
Meeting 2 Lecture Notes
Instructions for Meeting 2 PDF or MSWord
Salvatore: Chapters 1-2
Sachs: Foreword & pp.1-50
Letter of Introduction DueTuesday, Apr. 7 Why don't nations completely specialize?
Location: Lucas 201
Meeting 3 Lecture Notes
Instructions for Meeting 3 PDF or MSWord
World Development Report 2007
Handout on Indifference Curves
Salvatore: Chapter 3
Sachs: Foreword & pp.51-108Thursday, Apr. 9 Who wins and who loses? Trade, factor endowments & incomes
Location: Lucas 201
Meeting 4 Lecture Notes
Instructions for Meeting 4 PDF or MSWord
Salvatore: Chapter 4
Sachs: pp.109-187
Tuesday, Apr. 14 Why do some countries trade similar goods with each other?
Location: Lucas 125 (NOTE DIFFERENT LOCATION!!)
Instructions: Complete the problems and readings described for Meeting 4
Meeting 5 Lecture Notes
Salvatore: Chapter 4
Sachs: pp.188-243Thursday, Apr. 16 What happens when governments regulate trade?
Location: Lucas 201
Instructions for Meeting 6 PDF or MSWord
Lecture Notes
Salvatore: Chapter 5
Sachs: pp.244-308
Tuesday, Apr. 21 Quiz 1
Location: Lucas 201
Practice Quiz and AnswersExtra Office Hours Monday, April 1:30-2:30 p.m.
Thursday, Apr. 23 What's all the fuss about the WTO?
Location: Lucas 201
Instructions for Meeting 6 PDF or MSWord
Salvatore: Chapter 5
Sachs: pp.309-368
Tuesday, Apr. 28 Did NAFTA create trade or divert it? What about the EU?
Location: Lucas 201 -- Read the first part of Easterly as below. We will cover material from Chapter 6 per the previous meeting.
Salvatore: Chapter 6
Easterly: pp.1-60
Lecture Notes
Thursday, Apr.30 If the U.S. buys lots of Chinese goods, what does it get in return?
Location: Lucas 201
Instructions for Meeting PDF or MSWord
Lecture Notes
Salvatore: Chapter 7
Cline Reading
Easterly: pp.61-164
Program Evaluation Assignment for Presentations on Tuesday, June 2nd
Tuesday, May 5 What is "outsourcing"? Why do multinationals exist?
Location: Lucas 201
Instructions for Meeting PDF or MSWord
Readings: Balance of Payments Handout & Chapter 9
Easterly: pp.165-209Thursday, May 7 How do firms hedge against exchange rate risk?
Location: Lucas 201
Instructions: We will finish discussing the Balance of Payments Handout, go over the review problems from last time, and discuss the New Easterly reading below. Chapter 9 is straightforward so I am not preparing study questions on this, although feel free to bring questions if you have them.
Lecture Notes
Salvatore: Balance of Payments Handout & Chapter 9
Easterly: pp.210-268Tuesday, May 12 What is happening to the US dollar?
Location: Lucas 125
Note different location above!!!
Instructions for class in PDF & Word
Practice Quiz Answers in PDF and Word
Answers to Currency Union Questions, Etc.
Salvatore: Chapters 11
Easterly: pp.269-338
Thursday, May 14 Quiz 2
Location: Lucas 201
Tuesday, May 19 How do exchange rates affect the national economy?
Location: Lucas 201
Lecture Notes
Instructions for class in PDF & Word
Salvatore: Chapter 12
Easterly: pp.339-384Thursday, May 21 Can fiscal & monetary policy reduce output fluctuations?
Location: Lucas 201
Readings Chapter 13
Fisman and Miguel: 1-75
Instructions for class in PDF & WordTuesday, May 26 Should I fix or should I float?
Location: Lucas 201
Fisman and Miguel: 76-135Thursday, May 28 International Dimensions of the Current Financial Crisis
Location: Lucas 201
Lecture Slides (these cover both the end of chapter 12 and chapter 13 material)
Fisman and Miguel: 136-210Tuesday, June 2 International Dimensions of the Current Financial Crisis &
Location: Lucas 201
You will turn in the questions from the class instructions for May 21. Here are some additional macro concepts to consider as well as a question on foreign exchange markets.
Send any questions regarding the lecture notes by Monday, June 1st and I will reply to all by email.
Fisman and Miguel: 136-210 Questions for this book
Program Evaluation PresentationsThursday, June 4 Quiz 3
Location: Lucas 201
Tuesday June 9 Term Paper Due due by 5 p.m.
(Turn it in at Duke's Business Center, Lucas Hall, First Floor)