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Econ 102-3: The World Economy
Spring 2010 |
Prof. Nicolas
Schmitt |
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| Classes: M 12:30-14:20
in WMC3520 |
No class on Monday, Feb 16 |
| Tutorials: |
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| 1) T 15:30-16:20 in WMC3515 |
2) M 13:30-14:20 in WMC3255; |
3) M 13:30-14:20 in WMC3511; |
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4) W 8:30-9:20 in RCB6125
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5) W 9:30-10:20 in AQ4115; |
6) T 16:30-17:20 in WMC3513 |
| 7) T 15:30-16:20 in WMC3513 |
8) T 16:30-17:20 in WMC3251 |
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Office hours: M 13:30-15:00 or by appointment
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Office: WMX3669 |
| Email: schmitt@sfu.ca |
Ph: 778 782- 4582 |
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| Teaching Assistants: |
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| Jackie Chang (D101,
D102, D104, D108) |
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| Office hours: W: 2:00-3:30pm |
Office: WMX1611 |
Email: chiachic@sfu.ca |
| Additional office hours: Monday,
March 1, 3:30-4:30pm |
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| Jessica Courtney (D103,
D105, D106, D107) |
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| Office hours: T: 2:00-3:30pm |
Office: WMX1611 |
Email: jcourtne@sfu.ca |
| Additional office hours: Thursday,
March 4, 2:30-3:30pm |
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This course examines the main elements associated with globalization
(the integration across borders of the markets in goods,
services and factors of production) and with the ongoing economic
and financial crisis. We first briefly review the history of globalization
and then overview
the
forces
that
shape
international trade, migrations, foreign direct investments and
financial flows. We'll also look at the impact of these forces
on
growth, inequality and poverty, and consider the implications of
globalization on economic policies..
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Assessment: There will be one mid-term
examination (multiple choices and short questions) worth
30% of the final mark to be held on March 8, 2010 and
a final examination (held on April 28, 2010, 12:00-3:00pm) worth
45% of the final mark. If you final exam mark is higher than
your mid-term examination mark, the weight of the final is 55%
and that of the mid term is 20%. The balance (25%) will be based
on a presentation in their tutorial group based on a particular
chapter and on a three page write up summarizing the main theme
of the text. Assignments of students to chapters in each tutorial
will be made during the second week of classes, with presentations
begining in mid-semester. Additional details will be provided
in your tutorials.
**No Tutorials during the first week of
classes**
All students are expected to read and undertand SFU's
policy with regard to academic dishonesty (T 10.02 and
T 10.03); see http://www.sfu.ca/policies/teaching/t10-02.htm
and at http://www.sfu.ca/policies/teaching/t10-03.htm .
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Texts and DVD: (All books/DVD are on Reserve
at the library).
Epping, Randy Charles, A Beginner’s Guide to the World
Economy, Vintage, 3rd edition, 2001.
Commanding Heights: The Battle for the World Economy, PBS,
2002 (see PBS
website for more details).
Rubin, Jeff, Why your World is about to get a Whole Lot Smaller, Random
House Canada, 2009.
Collier, Paul, The Bottom Billion, Oxford University Press,
2007.
Krugman, Paul, The Return of Depression Economics and the Crisis
of 2008, Norton, 2009.
Mankiw, Gregory, Principles of Microeconomics and Principles
of Macroeconomics, Thomson Nelson, 2006 |
| Course content: Additional references may be provided
during the semester.
1. Introduction
and Facts about the Global Economy, Reading: Epping
(2001), Introduction and item#5.
2. Markets.
Readings: Epping (2001), #13, Mankiw, `Measuring a Nation's Income',
`Measuring the Cost of Living'.
3. Supply and
Demand. Reading: Mankiw, `The Market Forces of Supply
and Demand'
4. World Trade.
Reading: Epping (2001), items #4, 20,21,22,52,54,65,66
5. Trade, Wage
and Jobs. Reading: Epping (2001), items #4,55,56,57,68. Canada's
productivity gap
6. The Monetary
and the Financial System. Reading: Epping (2001), items
#7, 15, 17, 18, 19, 24, 25, 39, 43, 44, 47. Mankiw, `The Monetary
System’.
7. Mid-term examination
8. Guest lecture: Krishna Pendakur on Carbon
Taxes and Carbon Treaties in an International Context. Readings:
(i) Stiglitz's
article; (ii)
T. Friedman oped; (iii) Editorial
India Times
9. The World Monetary System. Reading: Epping (2001), items #8, 9, 11, 12. Mankiw, `Open Economy Macroeconomics: Basic Concepts’.
10. Global Finance and International Mobility of Capital. Reading: Epping (2001), items #23, 33, 34, 36, 40, 60, 64.
11. (i) Income Distribution and Poverty; and
(ii) Oil. Reading: Epping (2001), items #59,60 and Oil Markte Basics at http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/oil_market_basics/intro.htm |