TOPICS IN INTERNATIONAL ECONOMICS

 

Econ 162 Section 1 Prof. S. Black

Office:Gardner 200C Spring 2003

Office Hours MW 2-3:30pm

email:sblack@unc.edu

Course WebPage: www.unc.edu/~swblack/Econ162.htm

Texts: Rodrik, Has Globalization Gone Too Far? Institute for International Economics (IIE)

Kenen, The International Financial Architecture: What’s New? What’s Missing? (IIE)

Pastor, Toward a North American Community (IIE)

DeGrauwe, Economics of Monetary Union (Oxford)
Prerequisite: Econ 161

Requirements: Class Participation (30%), Term Paper (35%), Final Exam (35%)

 Groups of classmates will prepare Pro and Con discussions on each topic

4-5 weeks per topic    *=optional reading

Topics:

1.Globalization

            *International Centre for Trade and Sustainable Development

            *Globalization in Focus             *Global Trade Negotiations Home Page

 

a. Rodrik, Has Globalization Gone Too Far?               

 

b. Dollar_Rodrik Debate , *Dollar_Kraay Paper              

           

c. Seattle Draft Text ; Seattle Briefing Notes ; BridgeRep_1130 ;

 BridgeRep_121 ; BridgeRep_1202 ; BridgeRep_1203 ; BridgeRep_final

           

            d. Doha Ministerial Meeting; BridgesDoha ; Bridges Update on Doha Round 12/2002

           

            Trade and Environment

           

            e. Debate

 

2. NAFTA and Regional Trade Agreements              

 

a.USTR NAFTA Reports NAFTA WebSite, NAFTA at Five, Study on the Operation and Effect of the NAFTA

           

b.EPI NAFTA Report NAFTA at Seven , Distorting the Record, NC Job Losses

           

c. Pastor, Toward a North American Community

 

d. Free Trade Area of the Americas- Home Page , Public Citizen |Comments on FTAA

           

e. Debate

 

3. IMF Policies *IMF Macroeconomic Model , Macroeconomic Adjustment and Stabilization Lecture Notes           

 

a. Effectiveness IMF Conditionality , Program Effectiveness             

           

b. Kenen, The International Financial Architecture 

 

c. Krueger Plan , IIF SDRM Critique

 

d. Argentina , Is Brazil Next?             

           

e. Stiglitz Critique, Rogoff Reply

 

f. Debate  

 

4. European Monetary Union               

 

a.       *Grauwe, The Economics of Monetary Integration, Ch. 1-8.

 

b.       Monetary Lecture

           

c. The Launch of European Monetary Union, by Corsetti & Pesenti , Launch of the Euro Slides

           

d.      Corsetti's Euro Webpage , European Union Euro Page

 

e.       Eurocoin, De Grauwe "Europe's Instability Pact", Reichlin, "Should the UK Join the Euro?", Svensson, "Reform of the Eurosystem's Monetary Policy Strategy is Increasingly Urgent"