The Macroeconomic and International Environment of Business (MGMT-6290)  ISP, Summer 2009

Cole Library Resources:  http://colelibrary.pbworks.com/Macroeconomic-and-International-Environment-of-Business:-MGMT-6290

                                                     http://ewp.rpi.edu/hartford/library/isp/isp.html

 

Week 0. Syllabus    LOGON to the VECONLAB

PART I: Micro-Economics - Trade & Comparative Advantage

Week 1:  The Basic Model of Comparative Advantage , (First Version), 

International Comparative Advantage (2nd version)  

PowerPoints for:  Chapter 1   Chapter 2    Chapter 3

 

Weeks 2, 3: Basics of Supply and Demand

                Basic Tariff Stuff,   Monopoly and Externalities in Trade, (OptimalTarriff.xls) 

                    Proving Krugman's Result, or Why Microsoft Should not be Broken Up

                        Conflict & Economies of Scale, Baumol’s Model

                        Chapter 4    Chapter_5    Chapter_6

                        

Week 4:  Capital (Or Labor) Flows between 2 Countries

                        Immigrants in Connecticut    Immigration Effects, by Industry 

                   Borjas’s Estimates of Wage Impact, by Education & Experience

                   Chapter 7

Weeks 5, 6:  Trade Policy   Chapter 8   Chapter 9   OPTIMAL TARIFF Worksheet

HOMEWORK, Due July 2 (before class)

                                            Chapter 10    Chapter 11

PART II: Macro-Economics - National Macroeconomic Stability & International Currencies

Week 7.  Basic Macro Review, Phillips Curve Data,  Macro Graphs     Fed Game

                    Macroeconomics, Basic Keynesian Model    Williams: Asset Bubbles 

                    Economic Outlook 

 

Week 8.  BoP Data    Deficit Spending, G-20

                Chapter 12   Chapter 13            

 

Week 9. David Hume1 David Hume 2   Chap_14   Chap_15   Chap_16

 

Week 10.  Big Mac Approach to PPP   (BigMax.xls)  Chap_17  Chap_18  Chap_19  

                   Macroeconomics, Money Supply   Movements of Productive Factors (Capital)

                   CBO Estimates of Y*, U*    GDP and ‘Twin Deficit’ Accounting  

              

Week 11:  IS-LM-BP Analysis  (see also PowerPoint to Chapter 16)

                    Alan Blinder on Offshoring and Macro-Stability in the West

                Macroeconomics & the " New Economy"    Brian Arthur's Web-page 

                Housing Crisis, Debt, and Devaluation

 

Week 12:  Development Policy, Sustainability    Inequality in China     Financial Reform in China

                 Bottom of Pyramid

                A Game of Externalities  The Evolution of Economic Thinking on Sustainability  

                The Sustainability Crisis   Chap_20   Chap_21  Chap_22 

                   "The new world disorder" (Keynes and the origin of the IMF and World Bank.)

HOMEWORK, Due July 14 ( before class)

 

Week 13:  Round-up, Final Prep