International Economic Policy [3HEFEK156V]

Time and place

 Lecture (Prof. Dr. Carsten Hefeker):

Tuesday, 2:00 PM - 4:00 PM c.t. 

Room: US-A 234

• weekly
• First lecture: October 8.

Tutorial (Konstantinos Theocharopoulos):

Thursday, 4:00 PM - 6:00 PM c.t.

Room: US-A 234

• biweekly
• First tutorial: October 31.

Office hours:

 After class and by appointment. Send email to Carsten.Hefeker{at}uni-siegen.de using your official @student.uni-siegen.de email account. 

 

Please make sure that you register on UNISONO for material and recent updates. 

• International Economic Policy

Mechanics

The course is based mainly on parts of textbooks and selected articles mentioned below. Additional sources will be specified in class. Slides and problem sets are available via UNISONO if you are registered for the course. Slides cover all relevant material but will not be sufficient to pass the course.

Requirements

This course has 9 Credit Points, comprising the lecture and tutorial. Students are advised and expected to perticipate in both. The final exam will have 60 Minutes. There will also be a Midterm-exam on December 5. Details will be given in class and tutorial.

Outline

• Introduction
  
  
• Part I. Trade Policy 

• Part V. Collapse of Fixed Exchange Rates (Currency Crises)

Literature

Bagwell, Kyle and Robert Staiger (2002) The Economics of the World Trading System, Cambridge: MIT-Press.

Bagwell, Kyle and Robert Staiger, eds (2016) Handbook of Commercial Policy, Amsterdam: Elsevier, 2 Volumes.

Brander, James (1995) Strategic Trade Policy, in G. Grossman and K. Rogoff, eds: Handbook of International Economics 3, Amsterdam: Elsevier, 1395-1455.

Drazen, Allan (2000) Political Macroeconomics, Princeton: Princeton University Press.

Feenstra, Robert (2016) Advanced International Trade, Princeton: Princeton University Press.

Flood, Robert and Nancy Marion (1999) Perspectives on the Recent Currency Crisis Literature, International Journal of Finance and Economics 4, 1-26.

Ghosh, Atish and Paul Masson (1994) Economic Cooperation in an Uncertain World, Basingstoke: Blackwell.

Grossman, Gene M. (2016) The Purpose of Trade Agreements, in K. Bagwell and R. Staiger, eds: Handbook of Commercial Policy 1A, Amsterdam: Elsevier, 379-434.

Helpman, Elhanan (1997) Politics and Trade Policy, in D. M. Kreps and K. F. Wallis, eds: Advances in Economics and Econometrics: Theory and Applications. Seventh World Congress Vol. I, 19-45.

Jones, Ronald and Peter Neary (1984) The Positive Theory of International Trade, in R. Jones and P. Kenen, eds: Handbook of International Economics 1, Amsterdam: Elsevier, 1-62.

Obstfeld, Maurice (1996) Models of Currency Crises with Self-Fulfilling Features, European Economic Review 40, 1037-1047.

Persson, Torsten and Guido Tabellini (2000) Political Economics, Cambridge: MIT-Press.

Rodrik, Dani (1995) Political Economy of Trade Policy, in G. Grossman und K. Rogoff, eds: Handbook of International Economics 3, Amsterdam: Elsevier, 1457-1494.

Staiger, Robert (1995) International Rules and Institutions for Trade Policy, in G. Grossman and K. Rogoff, eds: Handbook of International Economics 3, Amsterdam: Elsevier, 1495-1551.