Overview of the economic problem
- Greg Ip, "Defense of the Dismal Science," Wall Street Journal, August 25, 2017 -- For Class Discussion
- What is economics?
- Economic Exchange
- The Economic Problem
- Production Possibility Frontiers
- Economic Growth
- Economic Systems
Markets -- Demand and Supply
- Demand and Supply --MOST IMPORTANT READING
- Price Mechanism
- Consumer Demand
- Demand Curves
- Demand and Income
- Shifts in Demand
- Producer Supply Shifts in Supply
- Market Equilibrium
- Non-Market Price, Artificial Prices
Applications, and Current Events for Discussion
- David Henderson, the Negative Effects of the Minimum Wage, National Center for Policy Analysis, May 4, 2006 -- BEST OF THE MINIMUM WAGE PAPERS
- Mark Wilson, The Negative Effects of Minimum Wage Laws, Policy Analysis, June 2012 -- More recent and greater detailed analysis
- David Neumark, Who Really Gets the Minimum Wage, Wall Street Journal, July 6, 2014
- Alan Manning, Minimum Wages in an Election Year Milken Institute Review, September 12, 2016
- Recent increase in the California Minimum Wage, Daily Signal, March 28, 2016
- Economist, Large Increases in the minimum wage could have severe long-term Effects, July 25, 2015
- Econ 101 for Panama: New Price Controls Bring Rampant Shortages, panampost.com, July 2014
Optional -- Alternative explanations/illustrations of basic concepts
- Eggert Chapter 1 What is Economics -- Good discussion of the production possibility curve
- Eggert Chapter 11 Demand -- Good discussion of the basic tools of demand theory
- Further Topics in the Theory of Consumer Demand
- Household Economics and Demand (especially appendix)
Other Readings
- Warren Buffett, Better Than Raising the Minimum Wage, Wall Street Journal May 21, 2015
- What Happened to Seattle's Job Market After Minimum Wage Hike, The Daily Signal, October 22, 2015
- Oalkand"s Minimum Wage is up Wall-Mart is Out, Daily Signal, January 22, 2016/a>
- By MICHAEL SALTSMAN WSJ, August 11 A Better Poverty Fighter Than Raising the Minimum Wage Expanding the Earned Income Tax Credit for childless adults would put money in pockets without hurting jobs.
- Explanation of Earned Income Tax Credit.
- Seattle do-gooders just shot themselves in the foot Michael R. Strain | The Washington Post June 07, 2014 --minimum wage
October 2
Microeconomic Principles: Demand, Competition and Monopoly
MOST IMPORTANT READINGS
- Eggert Chapter 11 Demand -- good overview of utility -- Make sure you read the sections on indifference curves
- Further Topics in the Theory of Consumer Demand -- Very Important Will Discuss in Class
- Consumer and Producer Surplus
- Firm Motives
- Perfect Competition
- Monopoly
- Natural Monopoly
- Oligopoly
- Game Theory
- Game Theory-- Nash equilibrium
- Cartels
- The Problem With Large Companies, Economist, September 17, 2016
- Ed Dolan, China's Fragile Rare Earth Monopoly, October 23, 2010
- Robert McNally and Michael Levi, A Crude Predicament, Foreign Affairs, July/August 2011 MIDTERM QUESTION
- Shocks and ores Short-term gyrations in commodity prices may do more damage than long-run trends Economist, Jun 8th 2013
- No Rare Earths in Next Generation of Electric Vehicles, Yale Global, November 23, 2012
- David Van Den Berg and Stephen Slivinski, A Matter of Antitrust: The Debate Over the Role of Government as Referee of Market Competition, Federal Reserve Bank of Richmond, Region Focus, Summer 2009
Optional -- Alternative explanations/illustrations of basic concepts
- Monopolistic Competition
- Price and Output in Perfect Competition
- Contestable Markets
- Monopoly Price and Output
- Oligolopy, Eggert Chapter 17
October 4
Market Failures/Microeconomic Applications
MOST IMPORTANT READINGS
- Types of Market Failure
- Missing Markets
- Pigovian Taxes -- Interests of individuals and society do not coincide, Economist, August 19, 2017
- Incomplete Markets
- Inefficiencies
- Negative Externalities
- Polution, Carbon and Waste
- Information Failure
- Moral Hazzard
- Unstable Markets/Prices
- Price Stabilization Schemes
Current Events for Class Discussion
Papers for Class Discussion
- Milan Brahmbhatt and Luc Christiaensen, The Run on Rice, World Policy Journal Summer 2008 -- Midterm Question
- Donald Leal, Saving Fisheries With Free Markets, The Milken Institute Review, First Quarter 2006 -- Midterm Question
- Information Assymetry -- Markets for Lemons, Economist July 23, 2016
Optional -- Alternative explanations/illustrations of basic concepts
- Schools Brief: Missing Markets (Economist, December 18, 1996)
- Schools Brief: State and Market (Economist, February 26, 1996)
- Merit Goods
- Merit Goods Education
- Demarit Goods
- COP21 Paris
- Positive Externalities
- Property Rights
- Depletion of Fish Stocks
- Road Congestion
- Commodity Agreements
- Labor Market Failures
- Free exchange Valuing the long-beaked echidna Setting a price on nature is a useful exercise, up to a point Economist, Feb 22, 2014
- Council on Foreign Relations, Food Price Volatility and Insecurity, Backgrounder, June 24, 2011
- N. Gregory Mankiw, Can a Soda Tax Save Us From Ourselves? New York Times, June 4, 2010
- Eduardo Porter, Rethinking How to Split the Costs of Carbon, New York Times, December 24, 2013
October 9
Trade TheoriesMost Important Readings
- Trade Model: Extensions and Applications--MOST IMPORTANT READING -- Midterm Question
- Claudia Goldin and Lawrence Katz, The Future of Inequality: the Other Reason Education Matters So Much, Milken Review, Summer 2009, Midterm Question
- Richard Katz, Mutual Assured Production: Why Trade Will Limit Conflict Between China and Japan, Foreign Affairs, July/August 2013
- Free Trade Facts -- good summary of facts surrounding free trade.
Other Readings
- Defense of Free Trade: How Free Trade Made America Great, Wall Street Journal, March 28, 2016
- Federal Reserve Bank of Dallas, Distance and the Impact of Gravity Help Explain Patterns of International Trade, July 2011
- Llaura Baughman, Five Myths About Imports, WSJ, May 19, 2014
- Five More Myths About Free Trade Washington Post, April 8, 2016
- Mark Levinson, Abandon Ship: Crisis and Consolidation in Global Shipping, Foreign Affairs October 5, 2016
For the Midterm
- Marcel Timmer et. al., Setting up Global Value Chains, Journal of Economic Perspectives, Spring 2014
- Jonathan Caverley and Ethan Kapstein, Arms Away: How Washington Squandered its Monopoly on Weapons Sales, Foreign Affairs, September/October 2012 -MIDTERM QUESTION
October 11
Modern Theories of TradeClass Discussion
- William Bonvillian, Donald Trump's Voters and the Decline of American Manufacturing, Issues in Science and Technology, Summer 2016 ---- Midterm Question
- Richard Katz, China Didn't Take U.S. Jobs, The International Economy, Summer 2016 Midterm questiion
Most Important Readings
- Michael Porter, Enhancing the Microeconomic Foundations of Prosperity: The Current Competiveness Index (Midterm Question) -- MOST IMPORTANT WILL DISCUSS IN CLASS--Older Version
- Jeffrey Sachs, Globalization and Patterns of Economic Development (Weltwirtschaftliches Archiv (volume 4, 2000) -- Also Very Important Will Discuss in Class -- MIDTERM QUESTION
- Xavier Sala-I-Martin et al., The Global Competitiveness Index: Measuring the Productive Potential of Nations, World Economic Forum, 2007 -- Midterm Question,
October 16
Protectionism -- Tariffs/Non-Tariff Barriers
Class Discussion
- Infographic: History of Trade Wars
- Whirlpool and Tariffs, Wall Street Journal, July 17, 2018 -- for class discussion
- Stratfor, The Real Target of Trump's Trade War, July 24, 2018
- Trump's Possible Tariffs on Cars, Rabobank, July 17, 2018
- Trump's Trade War Timeline, Peterson Institute
- Theodoros Papadopoulos, Trump's Trade Policy is an Own Goal for American Consumers, Geoopolitical Monitor, July 9, 2018 Dourlas Irwin, Bad Reading of U.S. Economic History Wall Street Journal, September 19, 2017
- Chad Brown, et.al., Trump's Latest $200 Billion Tariffs on China Threaten a Big Blow to American Consumers, Peterson Institute July 13, 2018
Most Important Readings
- Daniel Drezner, The Outsourcing Bogeyman Midterm question -- Will Discuss in Class (Foreign Affairs, May/June 2004
- Alan Blinder, "Offshoring: The Next Industrial Revolution?" Foreign Affairs March/April 2006 -- presets a contrasting view to Drezner of outsourcing MIDTTERM QUESTION
- Michael Spence, The Impact of Globalization on Income and Employment: The Downside of Integrating Markets, Foreign Affairs, July/August 2011 MIDTERM QUESTION
Other Readings
- Hugo Erken et al., Why Trump's Protectionist Trade Agenda Fails, Rabobank, July 3, 2017
- Douglas Irwin, The Truh About Trade: What Critics Get Wrong About the Global Economy, Foreign Affiars, July/August 2016 -- Midterm question
- Douglas Irwin, the False Promise of Protectionism: Why Trump's Trade Policy Could Backfire, Foreign Affairs, May/June 2017 -- midterm question
- Hugo Erken, US Global Value Chain Integration: A Major Impediment for Trump's Protectionist Trade Agenda, Rabobank, June 30, 2017
- Economist, Trade At What Price, April 2, 2016
- Economist, Tariffs are Counterproductive, April 9, 2016
- Gary Hufbauer and Sean Lowry, US Tire Tariffs: Saving Few Jobs at High Cost, Peterson Institute for International Economics, April 2012 MIDTERM QUESTION
- Robert Looney, U.S. Manufacturing -- in Sakai under resources Europa United States
- Brookings, The Changing Nature of Manufacturing, April 2016
- The US Manufacturing Base: Four Signs of Strength Theodore H . Moran and Lindsay Oldenski, Peterson Institute, June 2014 MIDTERM QUESTION
- Michael Spence et al., New World Order, Labor Capital and Ideas in the Power Law Economy, Foreign Affairs (July/August 2014 --MIDTERM QUESTION
Current events for class discussion
- Economic Consequences of the Trade Policies of the Presidental Candidates, Peterson Institute, September 19, 2016 WATCH THIS ONE FOR SURE
- Drawbridges Up, The Economist July 30, 2016
- A Hire Power: Workers benefit when firms must compete aggresssively for them, Economist July 30, 2016
Other Readings
- Greg Rushford, Its the Imports, Milken Review 2013
- IMF, Trade Interconnectedness: The World With Global Value Chains, August 26, 2013 (Just to Page 15)
- Oxford Analytica, International: New Protectionism Will Hit Businesses, December 14, 2013
- Neil Gershenfeld, How to Make Almost Anything (3-D printing), Foreign Affairs, September 27, 2012
Political Economy of Protectionism/Subsidies
- Giulio Gallarotti, Rent-Seeking (Routledge Encyclopedia of International Political Economy)
- Robert Looney, Subsidies (Routledge Encyclopedia of International Political Economy)
- Gary Hufbauer and Jeffrey Schott, Buy American: Bad for Jobs, Worse for Reputation, Peterson Institute for international Economics, February 2009 Midterm Question
- Edith Ostapik, International Trade: Why We Don't Have More of It, Federal Reserve Bank of Philadelphia Business review Q3 2007 -- problems in measuring barriers to trade Midterm Question
- Economist Focus, The Unkindest Cuts: Discounting That Promotes Competition is Hard To distinguish from Predatory Pricing, The Economist, August 22, 2009
October 18
Trade Agreements--GATT/WTO
Current Events for Class Discussion
- Economist, How to Save the WTO, July 19, 2018
- Dourlas Irwin, Bad Reading of U.S. Economic History Wall Street Journal, September 19, 2017
- Why Airbus's tie-up withj Bombardier is so damaging for Boeing, Economict, October 19, 2017
Most Important Readings
- WTO in Brief -- read for class
- WTO: 10 Benefits -- read for class
- WTO: 10 Misunderstandings -- read for class discuss in class
- Robert Looney, The Cancun Conundrum: What Future for the World Trade Organization, Journal of Third World Studiehttp://www.milkenreview.org/articles/the-world-trade-organization-at-risks (Fall 2004) Will Discuss in Class -- MIDTERM QUESTION.
- Fred Hu and Michael Spence, Why Globalization Stalled: And How to Restart It, Foreign Affairs July/August, 2017 MIDTERM QUESTION
- David Dollar and Peter Petri, Why it's time to end the tit-for-tat tariffs in the U.S. China Trade War, Brookings, October 5, 2018 MIDTERM QUESTION
- Adam Posen, Economics-Based Principles for a Post-Conflict China-US Commercial Regime, China & World Economy September 2018 MIDTERM QUESTION
- Jeffrey Schott, What Should the United States Do about Doha, Peterson Institute for Internaitonal Economics, June 2011 --MIDTERM QUESTION
Other Readings
- Greg Rushford, WTO in the Crosshairs, Mlken Institute Review, Quarter 2017
- Greg Rushford, Murder on the Doha Express, Milken Institute Review, First Quarter 2012
- Amrita Narlikar, The Power of the Powerless: The Politics of Poverty at the Doha Round, Foreign Affairs, March 12, 2015
October 23
Security, Global Competition and United States Policy
For Class Discussion
Most Important Readings
- T. Moran, The Globalization of America's Defense Industries: Managing the Threat of Foreign Dependence (International Security, Summer 1990) -- long, but important for national security issues Most important reading COUNTS FOR TWO MIDTERM QUESTIONS
- Moises Naim, The Five Wars of Globalization -- illegal markets -- Midterm question -- Will Discuss in Class(Foreign Policy) MIDTERM QUESTION
- Moises Naim, Mafia States: Organized Crime Takes Office, Foreign Affairs, May/June 2012 MIDTERM QUESTION
- Daniel Yergin, Ensuring Energy Security, Foreign Affairs, March/April 2006 MIDTERM QUESTION
- Michael Ross, Blood Barrels: Why Oil Wealth Fuels Conflict, Foreign Affairs, May/June 2008 MIDTERM QUESTION
- Theodore Moran, Feeding the Dragon: Is China Trying to Swallow the World's Natural Resources, The Milken Institute Review, Third Quarter 2010 MIDTERM QUESTION
- Interagency Task Force, Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States, September 2018, Chapters V and VI Midterm Question
Other Readings
- Robert Looney Recent Developments on the Rare Earth Front: Evidence of a New Technocratic Mercantilism Emerging in China, World Economics, January-March 2011 MIDTERM QUESTION
- Boston Consulting Group, Made in America, Again: Why Manufacturing Will Return to the United States, August 2011 MIDTERM QUESTION
- Derek Scissors, Free Markets and National Defense: U.S. Import Dependence on China, Heritage Foundation, September 21, 2010 MIDTERM QUESTION
- Tom Donilon, Energy and American Power: Farewell to Declinism, Foreign Affairs, June 15, 2013 MIDTERM QUESTION
- Kym Anderson, How Can Trade Improve food Security in Sub-Saharan Africa? Stanford, January 23, 2012 MIDTERM QUESTION
- Hal Weitzman, Resource Nationalism: Beyond Ideology: The Western Hemisphere and an Old Policy Standby, The Americas Quarterly, January 2013 MIDTERM QUESTION
October 25
Economic Integration -- United States/NAFTA
Most Important Readings
- Stephen Stamos, Reflections on the Proposed US Mexico Free Trade Agreement WILL DISCUSS IN CLASS
- Sidney Weintraub, Scoring Free Trade: A Critique of the Critics -- NAFTA (Current History, February 2004) Midterm
- Jorge Castaneda, NAFTA at 10: A Plus or a Minus? (Current History, February 2004) Midterm
- NAFTA at 20 Ready to take off again? Two decades ago the North American Free-Trade Agreement got off to a flying start. Then it stalled Economist, Jan 4th 2014
- Gary Clyde Hufbauer and Jeffrey Schott, NAFTA's Bad Rap, The Internatioal Economy,Summer 2008 Midterm
- Jeff Schott, USMCA a step backwards, 2018
- Uwe Deichmann, The Economic Geography of Regional Integration, Finance & Development December 2008 -- Exam Question
- Jeff Schott, TPP Origins and Outcomes, 2018 Midterm Question
Other Readings
- NAFTA's Economic Impact, Council on Foreign Relations, July 26, 2016
- The Debate over Brexit, Council on Foreign Relations June 30, 2016
- Richard Katz, Getting TPP Right is Better than Getting it Fast, Foreign Affairs May 12, 2015 -- Exam Question
- Jeffrey Sachs Argument Against the TPP, Boston Globe, October 2016
- Brookings: The Case for the TPP, October 2016 -- Exam Question
Hina Rabbani Khar, Gated Globalization, in Mark Leonard ed., Connectivity Wars: Why Migration, Finance and Trade are the Geo-Economic Battlegrounds of the Future. Midterm Question
October 30
Current Events for Discussion
Most Important -- Sanctions
- Richard Haass, Sanctioning Madness (Foreign Affairs, November/December 1997) -- In Sakai Foreign Affairs Folder Most Important -- Final Exam Question
- Peter Harrell,The Path to Renewed Oil Sanctions on Iran, Foreign Affairs, August 8, 2018 (on Sakai in Foreign Affairs tab) -- Final Exam Question
- Michael Chaitkin, Understanding Sanctions Effectiveness, 2010
Final Exam Question
- Emma Ashford, Not-So-Smart Sanctions, Foreign Affairs January/February 2016 Final Exam question --- in Sakai, Foreign Affairs folder
- Michael Chaitkin, Understanding Sanctions Effectiveness, 2010
November 1
MIDTERM EXAMINATIONNovember 6
Balance of PaymentsCurrent Events for Class Discussion
- Eduardo Porter What can be done about the trade Deficit New York Times October 18, 2017
Most Important Readings
- CFR, The Trade Deficit: How Much Does it Matter? October 17, 2017
- George Alessandra, Trade Deficits Aren't As Bad as You Think, Federal Reserve Bank of Philadelphia, First Quarter, 2007 -- Final Exam Question
- Deutsche Bank Research, The U.S. Balance of Payments:
Wide-Spread Misconceptions and Exaggerated Worries (October 1, 2004)
- Herb Stein, The Balance of Payments
- Alison Butler, Trade Imbalances and Economic Theory: The Case for a US Japan Trade Deficit (Federal Reserve Bank of St. Louis Review, March/April 1991) -- Older, but good link-in with macroeconomics -- Final Exam Question
Other Balance of Payments
November 8
Determinants of Exchange RatesCurrent Events for Discussion
- Robert Looney, Build-up to the Turkish Crisis, Milken Institute Review, August 2017
- Steve-Hanke-Turkish-Lira, Wall Street Journal August 13, 2018
- Robert Looney, Venezuela's Crypto-Currency, Milken Institute Review, February 29, 2018
Most Important Readings
- Owen Humpage, A Correct Value for the Dollar (Federal Reserve Bank of Cleveland, Economic Commentary January 1, 1986) read for class
- The Big Mac Index, The Economist, July 26, 2012
The index is based on the theory of purchasing-power parity, which says that exchange rates should eventually adjust to make the price of a basket of goods the same in each country.
- The Big Mac Index, The Economist January 12, 2012
Burgernomics shows Switzerland has the most overvalued currency
- Robert Looney, Dollarization in Latin America, Milken Institute Review, 2017
- Federal Reserve Bank of Chicago: Strong Dollar/Weak Dollar -- final exam question
- Joseph Gagnon, Combating Widespread Currency Manipulation, Policy Brief, July 2012 -- FINAL EXAM QUESTION
Other Exchange Rate Readings
November 13/15
Macroeconomics/Payments Adjustment- Interpretation of August 2018 GDP Data https://www.brookings.edu/blog/up-front/2018/10/20/progress-paradoxes-in-china-india-and-the-us-a-tale-of-growing-but-unhappy-countries/?utm_campaign=Brookings%20Global%20Connection&utm;_source=hs_email&utm;_medium=email&utm;_content=67057613
- Jason Furman, Extracting the Signal from the Noise: Tips for Interpreting Macroeconomic Data, Milken Institute Review October 2016
- Overview Map of Macroeconomic Approaches/Theories
- Jason Furman, Extracting the Signal from the Noise: Tips for Interpreting Macroeconomic Data, Milken Institute Review October 2016
- Overview of Macroeconomics -- Keynes vs Hayek
- Keynes vs Hayek -- Round Two
- Scary tale about the Federal Reserve's QE2 policy
If you haven't had economics before, the chapters in Eggert bring you up-to-speed.
- Eggert, Chapter 7 -- The Macroeconomy: Gross National Product
- Eggert, Chapter 8 -- Unemployment and Inflation
- Eggert, Chapter 9 -- Money and Monetary Policy
GDP, National Accounts
- Robert Looney, The Boko Haram Economy, Foreign Policy, July 15, 2014 -- Example of rebasing
- Peter Passell, Prosperity Isn't Just a Matter of Wealth, Foreign Policy, November 2, 2012
- Oxford Analytica, GDP's Status as a Bench Mark Will Wane, February 14, 2014
- Legatum Institute, Prosperity Index, 2012
- David Brooks, Capitalism for the Masses, NYT, February 20, 2014
- Diane Coyle, Beyond GDP: What the measue of economic performance misses about economic performance, Foreign Affairs February 16, 2014 -- final exam
- Morten Jerven, Quizzing African GDP Stats, This is Africa, December 17, 2012
- Richard Easterlin, When Growth Outpaces Happiness, New York Times, September 27, 2012
Macroeconomic Theory -- Most Important
- Peter McCleland, A Layman's Guide to the Keynesian/Monetarist Debate--very good -- easy introduction and overview of macroeconomics
- J.A. Cacy, The Choice of a Monetary Policy Instrument (Federal Reserve of Kansas City) -- Very Important -- Graphical Version of the LM/IS Framework
- L. Reynolds, Synthesis of Monetary Analysis and Income Analysis (LM/IS)-- only if you have a hard time following the previous paper
- Keynesian vs. Monetarist Doctrine: Policy Issues -- Will discuss in class -- final exam question
- Edmund Phelps,The Fantasy of Fiscal Stimulus, Wall Street Journal, October 30, 2018
- Investment and the Real Rate of Interest (Fischer) -- Classical Macroeconomics
- Deutsche Bank, "I'm an Austrian in Economics" September 16, 2011 -- Final Exam Question
- Robert Looney, Reaganomics, Handbook of Political Economy
- FSRB, John Williams, Economics Instruction and the Brave New World of Monetary Policy, June 6, 2011 -- updates -- Keynesians vs Monetarists Paper -- Final Exam Question
- Richard Haass, The Strategic Implications of U.S. Debt, Testimony, April 6, 2016
Current Events for Discussion
- Neil Irwin, "The Contradiction at the Heart of Donald Trump's Economic Policy, NYT, November 17, 2016
- Martin Feldstein, "Squaring Trumponomics With Reality," Wall Street Journal, November 15, 2016
- Martin Wolf, An Economic in-Tray full of Problems, Financial Times, November 9, 2016
November 27/29
Intrernational Monetary System/Global Financial InstitutionsMost Important Readings
- Council on Foreign Relations, The Global Finance Regime, January 23, 2012
- Beyond Bretton Woods 2, The Economist, November 4, 2010 -- Is there a better way to organize the world's currencies?
- Ken Rogoff, The IMF Strikes Back (Foreign Affairs, January/February 2003)
- Robert Carbaugh and David Hedrick, Will the Dollar Be Dethroned as the Main Reserve Currency? Global Economy Journal 2009
- Brrry Eichengreen and Ngaire Woods, The IMF's Unmet Challenges," Journal of Economic Perspectives, Winter 2015
- Michael Clemens and Michael Kremer, The New Role for the World Bank, Journal of Economic Perspectives, Winter 2016
- Robert Looney, IMF in Jamaica, Foreign Policy, February 12, 2014
- Robert Looney, Egypt and the IMF, Milken Institute Review, November 14, 2016
- Three’s a crowd: The instability that stems from trilemmas The Economist, Jul 5th 2014
- Atish Rex Ghosh, On Center Stage (IMF), Finance and Development, September 2014 --
- John Williamson, Beijing Consensus versus Washington Consensus, Chapter, Robert Looney ed., Handbook of Emerging Economies, 2013 (Sakai) FINAL EXAM QUESTION
December 4/6/11
Intrernational Monetary System/Global Financial Institutions- Robert Levine, Adjusting to Global Change: The Dangerous Road Ahead, Rand, 2009 -- COUNTS FOR 2 QUESTIONS
- Financial Crisis -- Ten Years Later, Economist, September 6, 2018
- Uri Dadush, Global Rebalancing: the Dangerous Obsession, Carnegie Policy Brief, February 2011
- Guillermo Ortiz, The Challenges to Achieving Sustainable Growth in Latin America, Think Tank 20, October 2014
- Hafez Ghanem, Growth and Convergence in the Arab Region, Think Tank 20, October 2014
- Roger Altman and Richard Haass, American Profligacy and American Power, Foreign Affairs, November/December 2010
- Mark Blyth, Austerity: The History of a Dangerous Idea, Milken Review Third Quarter 2013 FINAL EXAM
- Mark Blyth and Eric Lonergan, Print Less but Transfer More: Why Central Banks Should Give Money Directly to the People, Foreign Affairs, September October 2014
- Thomas Wilett et al., The Slow Spread of the Global Crisis, Journal of International Commerce, Economics and Policy, 2010
- Ian Bremmer and Nouriel Roubini, A G-Zero World, Foreign Affairs, January 31, 2011
- Michael Pettis, The G20 Meetings: No Common Framework, No Consensus, Carnegie Endowment for International Peace, May 2009 Final Exam
Future of the International System
- Daniel Drezner, The Irony of Global Economic Governance, Council on Foreign Affairs, October 2012
- Ruchir Sharma, The Ever-Emerging Markets: Why Economic Forecasts Fail, Foreign Affairs, January/February 2014
- Ruchir Sharma, Leaders Indicating: Why Markets Now Use Politics to Predict Economics, Froeign Affairs, (September/October 2014)
- Danny Quah, Convergence Determines Governance -- Within and Oithout, Brookings Think Tank 20, October 2014-- FINAL EXAM
- Steward Patrick: The Unruled World: The Case for Good Enough Governance, Foreign Affairs (January/February 2014)
- Robert Zoellick, American Exceptionalism: Time for New Thinking on Economics and Security, July 25, 2012
December 11
FINAL EXAMINATION Gl - 130/130, 1-3