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442 International Trade and Finance: Macroeconomics
Reference #00000
Fall 199X
Class meets in Rm 000 Haag Hall  at 00:00 MWF

Dr. Shepherd

This course, Economics 442/542, is worth three (3) credit hours and 
concentrates on the more macroeconomic aspects of international economics.
The companion course, Economics 440/540, is worth three (3) credit hours and 
covers the more microeconomic aspects of the field.  Each can be taken 
independently of the other; if both are taken, they can be taken in either 
the micro-macro or the macro-micro sequence.

In economics 442/542 we will be especially interested in the interactions 
between exchange rate determination, nation income determination and the 
balance of international payments.  This will include an investigation of 
the impact of various public policies on the international flows of goods, 
services and financial assets.  Prerequisite: Intermediate Macroeconomics.

REQUIRED TEXT & NECESSARY NEWS MEDIA:
Robert J. Carbaugh, International Economics.

In addition to the text book, each student will need daily access to a 
newspaper and/or other media providing substantial coverage of international 
economic and financial news.  (Student subscriptions to the Wall Street 
Journal of 15 weeks or longer are available through the instructor.)

I. Considerable emphasis will be placed on classroom discussion of homework 
assignments and other in-class activities, using both small-group and plenary 
formats.  The absolute prerequsite for classroom participation is attendance; 
attendance will be taken at each meeting and used as one important indication 
of effective participation for grading purposes. (20%/25% OF SEMESTER GRADE)

II. All students will complete and submit a Commodity Challenge Project, 
a "hands-on" market-oriented educational project designed by the Chicago 
Board of Trade in consultation with Joint Council on Economic Education.  
You may use a British pound, Canadian dollar, German mark, or Japanese yen 
futures contract for this project. (20%/25% OF SEMESTER GRADE)

III. There will be two examinations during the regular semester (tentatively 
scheduled for October 7th and November 18). (20%/25% OF SEMESTER GRADE)

IV. There will be a two-hour final examination during he final examination 
period (Friday, December 10, 5:45 - 7:45 p.m.) (20%/25% OF SEMESTER GRADE)

V. Students taking the course for 542 credit will, in addition to all the 
other requirements, write a term paper of ten (10) to fifteen (15) 
typewritten pages.  Students must obtain approval from the instructor for 
their topic. (20%/25% OF SEMESTER GRADE)

Because of the flexibility of scheduling required by the format used in this 
course, a detailed list of weekly assignments for the semester cannot be 
prepared in advance.  Instead, incremental assignments will be provided 
verbally in class, it is your responsibility to make yourself aware of any 
assignments that may have been announced in your absence.

Throughout the semester several educational videos will be presented in class. 
They, along with the textbook, special topic handouts, lecture and classroom 
discussion notes will form the basis for examination questions. 
 
THESE VIDEOS WILL BE AVAILABLE ONLY DURING THE REGULARILY SCHEDULED CLASSROOM 
PRESENTATION; THEY WILL NOT BE AVAILABLE FOR INDIVIDUAL OR GROUP VIEWING AT 
ANY OTHER TIME.

  

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