Spring 2011
Department
of
Economics
University
of
Wisconsin-Madison
Maria Muniagurria
Email:
munia@ssc.wisc.edu
6418 Social
Science
Phone:
263-3865
Office Hours:
Tu : 4- 5 pm
Th: 11.15 - 12.15 pm
Teaching Assistant:
Charalambos (Harry) Michael
E-mail : cmichael2@wisc.edu
7226 Social Science
Office Hours:
Tu: 10:45 - 12:45
Lecture:
Tu-Th: 9.30- 10.45 am
5106
Soc.
Sc.
Discussion
Sections:
Days & Times
Room
FRIDAY:
8:50 - 9:40 SS6314
9:55 - 10:45 SS4308
11:00 - 11:50 SS6112
12:05 - 12:55 SS6310
1:20 - 2:10 SS6322
Class Material and Important Information
Exam
information:
Date
Room
Class Handouts on Trade Material
(required
items have a *):
Part 1 of the
Microeconomic Theory Handout*
Part 2 of the
Microeconomic Theory Handout*
Ricardo
Model
example used in class*
Ricardo:
changes
in technology example*
Ricardo: more
comparative statics examples*
Specific
Factors
Handout*
Cobb
Douglas
Production Function example
Heckscher-Ohlin Handout
Discussion
Section Notes From Previous Semesters:
Ricardian
Model
Example
Specific
Factors
ExamOther
Important
Links:
Discussion Section
Notes
Production Theory (Swati Dhingra)
Discussion Section Notes Ricardo
(Swati Dhingra)
Discussion section Notes on HO
Wage
Event
"The Global Economic Crisis"
Additional Material
Introduction :
"The trade
Tightrope"* by P. Krugman, The NYTimes
Material on
Ricardo
“Ricardian
Model: I and II” and “Mark’s recipe for Ricardo”
In Praise of Cheap
Labor* by
P. Krugman, Slate, March 1997
Immigration
Reading
1 *
Lisa Barrow and Cecilia Elena Rouse "Does College Still
Pay?".
(has data on Skilled/unskilled wage gap)
Tariffs , US Trade
Policy, WTO
Tariffs in General Equilibrium, small country case : diagram
Understanding Antidumping and Countervailing Duties (From US Gov. site)
Understanding Safeguards (From US Gov. site)
Untidumping, subsidies, safeguards (WTO site)
TAA in the news : Wisconsin State Journal October 23 2005
Mountains of Corn , NYTimes, Nov 9 2005
Return to Quotas, NYTimes, Nov 9 2005
The Effects of Liberalizing World Agricultural Trade: A Survey , US Congressional Budget Office, December 2005
Hansen and
Prusa:
"Does Administrative Protection Protect?
WTO
The WTO by R. Staiger, New Palgrave Dictionnary of Economics, 2nd ed., 2006
GMO Trade Dispute (2008 paper)
WTO material on Antidumping, CVD and Safeguards
Preferential Trade Agreements
Trade
creation and
trade diversion
What Happens when two rich
countries
liberalize? (NYTimes 1-27-05)
NAFTA at Ten: Lessons from Recent Studies by J. F. Hornbeck, Congressional Research Service, the Library of Congress, 2004.
CAFTA (INCAE, Costa Rica)
International Finance
Readings
/Handouts
Intertemporal Consumption Choice Model
US Balance
of
Payments 2003
Twin deficits (US and EU)
US Net Foreign Wealth
The Global Saving Glut and the U.S. Current Account Deficit , by Ben Bernanke, March 2005
Economic Report of the President 1999, Chapter 6 (read pages 256 - 266 on the trade and current account deficits)
Economic Report of the President (several years, just for reference)
Report to Congress on Internationl Economic and Exchange Rates Policies, November 2005 (only items covered in Lecture are required)
Monopolistic Competition Material
Handout on the
"Love
of Variety Utility Function"
Handout on Monopolistic Competition
"Variety,
the
spice
of
life,
has measurable value. But it is not easy to determine,"by
Virginia
Postrel
Links to Other International Trade Material on the Web
GMO's: UW Conference, April 2005
Census
Bureau
:
Statistical
Abstract
of the United States (years 1995 to 2000)
Go to: Section 28:
Foreign
Commerce and Aid (data on US International Transactions)
Go to: Section 30:
Comparative
International Statistics Statistics (compares US with rest of the World
in
many dimensions)
Economic Report of the President (pdf from 1995 forward)
International Economics Gateway
International Trade Commission (ITC)
United States Trade Representative (USTR) :
USTR:
Fact
sheets
National Trade Estimates
World Trade Organization (WTO)