Krugman, P., Obstfeld, M., & Melitz, M. (2013). International economics: Theory and policy (9th ed). Upper Saddle River, NJ: Prentice Hall.

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1 MBA 6641, International Economics Course Syllabus Course Description A study of trade and international economics. Considers comparative advantage, production factors, and how growth is influenced by trade and various alternative trade theories. Analysis of trade restrictions and the effect of trade on environment and political policies. Course Textbook Krugman, P., Obstfeld, M., & Melitz, M. (2013). International economics: Theory and policy (9th ed). Upper Saddle River, NJ: Prentice Hall. Course Learning Outcomes Upon completion of this course, students should be able to: 1. Distinguish between international and domestic economic issues. 2. Explain why seven themes recur in international economics and discuss their significance. 3. Explain how the Ricardian model, the most basic model of international trade, works and how it illustrates the principle of comparative advantage. 4. Explain how differences in resources can cause international trade. 5. Discuss why trade often creates losers as well as winners. 6. Explain the effects of tariffs and subsidies on trade patterns and the welfare of trading nations and on the distribution of income within countries. 7. Detail the dumping arguments used by domestic industries as a basis for protectionism and explain the relationship between dumping and price discrimination. 8. Discuss the role of external economies and knowledge spillovers in shaping comparative advantage and international trade patterns. 9. Discuss the causes, as well as the winners and losers, from migration and labor mobility between nations. 10. Articulate arguments for free trade that go beyond the conventional gains from trade. 11. Evaluate national welfare arguments against free trade. 12. Summarize the basic ideas behind economic dualism and its relationship to international trade. 13. Discuss the recent economic history of the East Asian countries, such as Taiwan and South Korea, and detail the relationship between their rapid economic growth and participation in international trade. 14. Summarize the more sophisticated arguments for interventionist trade policy, especially those related to externalities and economies of scale. Credits Upon completion of this course, the students will earn three (3) hours of college credit. Course Structure 1. Unit Learning Objectives: Each unit contains Unit Learning Objectives that specify the measurable skills and knowledge students should gain upon completion of the unit. 2. Unit Lesson: Each unit contains a Unit Lesson, which discusses unit material. 3. Reading Assignments: Each unit contains Reading Assignments from one or more chapters from the textbook. 4. Key Terms: Key Terms are intended to guide students in their course of study. Students should pay particular attention to Key Terms as they represent important concepts within the unit material and reading. MBA 6641, International Economics 1

2 5. Discussion Boards: Discussion Boards are part of all CSU term courses. More information and specifications can be found in the Student Resources link listed in the Course Menu bar. 6. Unit Assessments: This course contains four Unit Assessments, one to be completed at the end of Units III, V, VI, and VII. Assessments are composed of written response questions. 7. Unit Assignments: Students are required to submit for grading Unit Assignments in Units I, II, IV, and VIII. Specific information and instructions regarding these assignments are provided below. Grading rubrics are included with each assignment. Specific information about accessing these rubrics is provided below. 8. Ask the Professor: This communication forum provides you with an opportunity to ask your professor general or course content related questions. 9. Student Break Room: This communication forum allows for casual conversation with your classmates. CSU Online Library The CSU Online Library is available to support your courses and programs. The online library includes databases, journals, e-books, and research guides. These resources are always accessible and can be reached through the library webpage. To access the library, log into the mycsu Student Portal, and click on CSU Online Library. You can also access the CSU Online Library from the My Library button on the course menu for each course in Blackboard. The CSU Online Library offers several reference services. and telephone ( ) assistance is available Monday Thursday from 8 am to 5 pm and Friday from 8 am to 3 pm. The library s chat reference service, Ask a Librarian, is available 24/7; look for the chat box on the online library page. Librarians can help you develop your research plan or assist you in finding relevant, appropriate, and timely information. Reference requests can include customized keyword search strategies, links to articles, database help, and other services. Unit Assignments Unit I Case Study For this assignment, you are to read the Case Study titled The International Gold Standard and the Great Depression located on pages As you read the Case Study, critically think on how this topic ties into the overall view of International Economics and the three objectives related to this unit. Once you finish reading the Case Study, you are to answer the following questions: 1. What kinds of "economic policy mistakes" did the U.S. make in late 1920s that may have resulted in the Great Depression? 2. What role did you think the gold standard played in exacerbating the Great Depression? 3. What approaches do you think some countries had to make to safeguard their gold reserves? 4. How did abandoning the gold standard early help some countries in stabilizing their economies? Your paper should be a minimum of two pages and be formatted according to APA standards. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit II Article Critique For this assignment, choose a peer-reviewed article to critique related to World Trade, Developing Countries, or a subtopic related to this Unit. Use the databases within the CSU Online Library, or use another source that contains peerreviewed articles. The purpose of this assignment is for you to practice reviewing articles that contribute to the industry. The authors of these articles are researchers and professionals who have shared or experimented with ideas that demonstrate potential to improve the industry. As a professional in the industry, it is in your best interest to review the literature and trends. This provides you with the opportunity to read about what was successful and how it was accomplished. Plus, it allows you to analyze what was unsuccessful, how you can improve it, or at least how you can avoid repeating the mistakes of others. Use these skills to contribute to Research Papers and other scholarly writings. If you have not already, hopefully, you will contribute to the industry by publishing an article and sharing with your community of peers. MBA 6641, International Economics 2

3 As you read the article you choose for this assignment, consider the following questions: How could the topic of this article apply to your personal or professional life? How could it apply to an organization you have observed? The article you choose must meet the following requirements: Be peer reviewed Relate to the concepts within this course Be at least ten pages in length The writing you submit must meet the following requirements: Be at least two pages Identify the main topic/question include how it ties into the objectives. Identify the author s intended audience Critique the article and share your thoughts what appears to be valid and invalid? Do you agree with the author s assertions? Why, or why not? Try to find an article that can tie into your portfolio project for the course. Further information and research on important concepts and topics will allow you to attain a better analysis of the MNC for your portfolio project. Format your Article Critique using APA style. Use your own words, and include citations and references as needed to avoid plagiarism. Unit II Project Topic Within Unit VIII you are going to submit a Research Paper based upon a topic related to globalization and/or the current global economic crisis. The Research Paper will need to be at least pages long with five scholarly references to support your argument surrounding your topic, answer your research question, or support your points about the need for further research on this topic. The point of this paper is not just to summarize research on this topic, but to integrate your critical thinking and perspective on an aspect of this topic that relates to International Economics, answering a question you may have about it, or making a specific point or argument with the help of the supporting articles that you choose. For your first submission, you need to choose a topic related to this course, and more specifically, globalization and/or the current global economic crisis. With this submission you need to provide your topic, your plans for researching your topic, some basic information on your chosen topic, and how it relates to International Economics. This is a good opportunity for you to provide some more interesting facts about your topic to provide your professor with some brief insight into your research. Your topic submission should be at least one page with appropriate APA style writing and citations. You should include at least one scholarly reference that you plan to include for this paper. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit IV Research Paper Outline For your second submission, you will need to submit a draft of your Research Paper with several components to ensure you are on the right track. An outline of your research and the intended direction of your argument or research question. Be sure the focus is your original argument or research question that you hope this paper will answer or a specific point that you will make. At least five scholarly resources you have found that contribute to your topic. A brief Annotated Bibliography of two scholarly resources. An abstract outlining your topic and your subsequent findings. This research draft should be double spaced with Times New Roman 12 pt. font, and use appropriate APA style writing. The minimum requirement for your draft is two pages. You should be thorough in your research so your professor (or a colleague) could adequately determine your intended research and the direction you are going with your paper. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. MBA 6641, International Economics 3

4 Unit VIII Research Paper For your final submission, you are to submit the Research Paper you have been working on throughout the course. The Research Paper should be at least pages, double spaced, Times New Roman 12 pt. font, with appropriate APA style writing. The Research Paper must contain a minimum of five scholarly references supporting your argument surrounding your topic, answer your research question(s), or support your points about the need for further research on this topic. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. APA Guidelines The application of the APA writing style shall be practical, functional, and appropriate to each academic level, with the primary purpose being the documentation (citation) of sources. CSU requires that students use APA style for certain papers and projects. Students should always carefully read and follow assignment directions and review the associated grading rubric when available. Students can find CSU s Citation Guide by clicking here. This document includes examples and sample papers and provides information on how to contact the CSU Success Center. Grading Rubrics This course utilizes analytic grading rubrics as tools for your professor in assigning grades for all learning activities. Each rubric serves as a guide that communicates the expectations of the learning activity and describes the criteria for each level of achievement. In addition, a rubric is a reference tool that lists evaluation criteria and can help you organize your efforts to meet the requirements of that learning activity. It is imperative for you to familiarize yourself with these rubrics because these are the primary tools your professor uses for assessing learning activities. Rubric categories include: (1) Discussion Board, (2) Assessment (Written Response), and (3) Assignment. However, it is possible that not all of the listed rubric types will be used in a single course (e.g., some courses may not have Assessments). The Discussion Board rubric can be found within Unit I s Discussion Board submission instructions. The Assessment (Written Response) rubric can be found embedded in a link within the directions for each Unit Assessment. However, these rubrics will only be used when written-response questions appear within the Assessment. Each Assignment type (e.g., article critique, case study, research paper) will have its own rubric. The Assignment rubrics are built into Blackboard, allowing students to review them prior to beginning the Assignment and again once the Assignment has been scored. This rubric can be accessed via the Assignment link located within the unit where it is to be submitted. Students may also access the rubric through the course menu by selecting Tools and then My Grades. Again, it is vitally important for you to become familiar with these rubrics because their application to your Discussion Boards, Assessments, and Assignments is the method by which your instructor assigns all grades. Communication Forums These are non-graded discussion forums that allow you to communicate with your professor and other students. Participation in these discussion forums is encouraged, but not required. You can access these forums with the buttons in the Course Menu. Instructions for subscribing/unsubscribing to these forums are provided below. Click here for instructions on how to subscribe/unsubscribe and post to the Communication Forums. Ask the Professor This communication forum provides you with an opportunity to ask your professor general or course content questions. Questions may focus on Blackboard locations of online course components, textbook or course content elaboration, additional guidance on assessment requirements, or general advice from other students. Questions that are specific in nature, such as inquiries regarding assessment/assignment grades or personal accommodation requests, are NOT to be posted on this forum. If you have questions, comments, or concerns of a non- MBA 6641, International Economics 4

5 public nature, please feel free to your professor. Responses to your post will be addressed or ed by the professor within 48 hours. Before posting, please ensure that you have read all relevant course documentation, including the syllabus, assessment/assignment instructions, faculty feedback, and other important information. Student Break Room This communication forum allows for casual conversation with your classmates. Communication on this forum should always maintain a standard of appropriateness and respect for your fellow classmates. This forum should NOT be used to share assessment answers. Grading Discussion Boards 2%) = 16% Assessments 7%) = 28% Unit I Case Study = 7% Unit II Article Critique = 7% Unit II Project Topic = 7% Unit IV Research Paper Outline = 10% Unit VIII Research Paper = 25% Total = 100% Course Schedule/Checklist (PLEASE PRINT) The following pages contain a printable Course Schedule to assist you through this course. By following this schedule, you will be assured that you will complete the course within the time allotted. MBA 6641, International Economics 5

6 MBA 6641, International Economics Course Schedule By following this schedule, you will be assured that you will complete the course within the time allotted. Please keep this schedule for reference as you progress through your course. Unit I Introduction to International Trade and Monetary Systems Unit Study Guide Chapter 1: Introduction Chapter 19: International Monetary Systems: An Historical Overview Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Case Study by Tuesday, Unit II World Trade: Facilitation of Resources Among Developed and Developing Countries Unit Study Guide Chapter 2: World Trade: An Overview Chapter 22: Developing Countries: Growth, Crisis, and Reform Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Article Critique by Tuesday, Project Topic by Tuesday, Unit III Analyzing Labor Productivity and Production Location Unit Study Guide Chapter 3: Labor Productivity and Comparative Advantage: The Ricardian Model Chapter 7: External Economies of Scale and International Location of Production Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Assessment by Tuesday, MBA 6641, International Economics 6

7 MBA 6641, International Economics Course Schedule Unit IV Resources and Trade: Comparing Models Unit Study Guide Chapter 5: Resources and Trade: The Heckscher-Ohlin Model Chapter 6: The Standard Trade Model Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Research Paper Outline by Tuesday, Unit V The Instruments of Trade Policy Within the Political Sphere Unit Study Guide Chapter 9: The Instruments of Trade Policy Chapter 10: The Political Economy of Trade Policy Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Assessment by Tuesday, Unit VI Trade Policy in a Global Environment Unit Study Guide Chapter 11: Trade Policy in Developing Countries Chapter 12: Controversies in Trade Policy Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Assessment by Tuesday, MBA 6641, International Economics 7

8 MBA 6641, International Economics Course Schedule Unit VII Interaction Within the Foreign Exchange Market Unit Study Guide Chapter 14: Exchange Rates and the Foreign Exchange Market: An Asset Approach Chapter 15: Money, Interest Rates, and Exchange Rates Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Assessment by Tuesday, Unit VIII Globalization: Trends and Issues for a Modern Era Unit Study Guide Chapter 20: Optimum Currency Areas and the European Experience Chapter 21: Financial Globalization: Opportunity and Crisis Discussion Board Response: Submit your response to the Discussion Board question by Saturday, Discussion Board Comment: Comment on another student s Discussion Board response by Tuesday, Research Paper by Tuesday, MBA 6641, International Economics 8