1. International Economics Thomas Pugel Chapter 1
Link to syllabus
Local link to syllabus
Chapter 1. Introduction
Link to on-line version of WDI at:
Link to description of the papers

2. First Day Items Housekeeping matters: Role, adds/drops
Syllabus
Link to mt’s home page
Difference between trade and finance courses.
Grades
Office hours
Major themes:
Comparative advantage, benefits of free trade
Impact of tariffs: on output, income distribution
How analysis is changed if non-perfect market
Issue of Growth. Developing countries. Large countries/Oil
Economic Integration/EU…NAFTA
International Migration of Labor
Foreign Direct Investment
First day items

3. Figure 8.2 page 147 The effect of a tariff on producers

4. U.S. tariff rates (McBrue)
Page 106
McC/Brue
text
U.S. tariff rates (McBrue)
U.S. Tariffs from McBrue text.
Discussion of protectionism:
Uses tariffs, quotas, NTBs, export subsidies.
Why such intervention?
Don’t understand gains from trade
Political consideration
Discussion of Multilateral trade arrangements, Free trade zones.
Smoot Hawley
GATT/WTO
European Union
Mentions EU protectionism, acting as a trade bloc.
Euro
NAFTA (1993/4). Criticizes predictions of job losses.

5. WTO
WTO-Cancun homepage
World Development Movement
Inter-Press Service

6. New Europe Map: NYT Oct. 21, 2002 EU
History. Schuman plan (1950/2) the six. Set up Coal and Steel Community
57/58 Treaty of Rome EFTA created.
1972/73 Denmark, Ireland, UK join. UK is abandoning imperial/Commonwealth preferences.
1979 EMS operates, using ECU. European Parliament elected by direct vote
1980s Greece, Spain, Portugal
1986/7 Single European Act (also affects votes on European Council) unified capital and labor.
1989/90 Fall of the Berlin Wall, re-unification at high x-rate
1993 Maastricht treaty, calls for unification of foreign policy, monetary union.
1995 Austria, Sweden Finland
1999/2000 euro.
east European countries to join.