IR 213: The Global Economy

For Fall 2014 I am teaching IR 213: The Global Economy. Figure out why paper money has value, how migration affects your job prospects, and whether the Greeks are going to take us all down with them. Also, pointers on how to get rich and how to save the world.     

The course is difficult, but it is also awesome.

Office Hours: Tues 3:30-4:30 (TRO 172), Weds 3:30-4:30 (VKC 305)

Syllabus (updated September 2) This word version may have links that work better. 

Our TA, Josh Tuynman, can be reached by e-mail. tuynman AT

Lecture Slides 

Lecture 1: Introduction

Lecture 2: Supply and Demand

Lecture 3: Comparative Advantage

Lecture 4: Winners and Losers Between Countries

Lecture 5: Winners and Losers Within Countries

Lecture 6: Barriers to Trade 

Lecture 7: Domestic Politics of Trade

Lecture 8: A Brief History of Trade

Lecture 9: Politics of Trade: Current Debates

Lecture 10: Trade and Development Strategies

Lecture 11: Midterm Review & Fair Trade

Lecture 12: Foreign Investment I

Lecture 13: Foreign Investment II

Lecture 14: What is Money?

Lecture 15: Money (cont) and How to Write

Lecture 16: Balance of Payments

Lecture 17: The IMF & Financial Crises (I)

Lecture 18: The IMF & Financial Crises (2)

Lecture 19: Development Strategies

Lecture 20: Foreign Aid (I)

Lecture 21: Career Stuff

Lecture 21B: The World Bank

Lecture 22: Migration 1

Lecture 23: Migration 2

Lecture 24: Charter Cities

Lecture 25: Inequality & Black Markets (separate topics)

Lecture 26: Final Review 


Homework 1  

Homework 1 (Key)

Homework 2

Homework 2 (key)

Optional Excercise (Tariffs, Subsidies, Quotas)

Optional Exercise Key (revised Dec. 11)

Study Guides: 

Midterm Study Guide: Part I

Midterm Study Guide: Part II

Final Study Guide: Part I

Paper Prompts:

Paper 1

Paper 2

Cool Stuff

Here is a little bit of the research on cognitive diversity in collaborative groups. Good to keep in mind when forming your study groups.

How do bilateral trade agreements jive with WTO rules on Most Favored Nation treatment? This blogger explains it nicely.

Curious about how the US Sugar industry makes its case for continued protection? Check out this industry web page.

And a recent argument against sugar subsidies from the Heritage foundation.

Here is the original Rogowski article on trade cleavages.

Global glut of solar panels, Chinese state owned enterprises and state-owned banks are going to take huge losses.  File this under "picking winners is risky business."

This is an alternative to my lecture on the history of world trade.  It covers a fair amount of things I don't -- and its pretty engaging. Since we blast through the history very quickly in class, I thought I would offer you some filling-in.  

Check out this article on Russian oligarchs spendings millions on British lawyers. Law and order = comparative advantage.