Introduction to International Economic Relations

University of Wisconsin-Milwaukee (Fall 2013)

• Syllabus

International Trade

• An Introduction to International Economics
  • More on Global Trade in Services (Optional Reading)
  • Suggested Solutions for Homework No. 1
• Modeling International Trade; The Toolbox
  • Suggested Solutions for Homework No. 2
• The Classical Model of International Trade
  • Ricardo's Difficult Idea, by Paul Krugman
  • Suggested Solutions for Homework No. 3
• The Heckscher-Ohlin Model
  • Leontief Paradox and its Aftermath
    • Trade and the External Increasing Return to Scale
  • Suggested Solutions for Homework No. 4
• Tariffs and Protection

International Finance

• The Balance of Payments
  • International Economic Accounts in the US
• The Foreign-Exchange Market
  • World Currencies on Bloomberg
  • Suggested Solutions for Homework No. 5
• Exchange Rates in the Short Run
• Exchange Rates in the Long Run
  • The Big Mac Index by The Economist
  • The OECD Data-sets for Prices and Purchasing Power Parities
  • Suggested Solutions for Homework No. 6
• Theories of the Current Account
  • Suggested Solutions for Homework No. 7