ECON 2543 – International Trade

 Syllabus  (PDF)          Grading Scale          Websites

DATES

TOPICS

READINGS AND ASSIGNMENTS

Week 1

 

August

 

24, 26

Introduction and Review of Important Required Concepts

 

Trade in the Global Economy

Text (FT) Chapter 1

 

Chapter 1 Lecture – Trade in the Global Economy   (PPT)

 

Review of Utility Theory and Indifference Curves

 

Handout: Absolute Advantage and Comparative Advantage-A Primer

 

Problem Set 1 Assigned - Due Date: September 7, 2025

(Available in Canvas under Assignments)

Week 2

 

August 31

 

September 2

Trade and Technology:
The Ricardian Model

Text (FT) Chapter 2

 

Chapter 2 - Trade and Technology: The Ricardian Model   (PPT)

 

Handout: The Anatomy of Factor Markets   (PPT)

 

Problem Set 2 Assigned - Due Date: September 21, 2025

(Available in Canvas under Assignments)

Week 3

 

September

 

7, 9

 

Gains and Losses from Trade in the Specific-Factors Model

Text (FT) Chapter 3

 

Chapter 3 - Gains and Losses from Trade in the Specific-Factors Model   (PPT)

Week 4

 

 September

 

14, 16

Gains and Losses from Trade in the Specific-Factors Model Continued

 

Trade and Resources:
The Heckscher–Ohlin Model

 

Study Guide Exam 1   (PDF)

Text (FT) Chapters 3 and 4

 

Chapter 3 - Gains and Losses from Trade in the Specific-Factors Model   (PPT)

 

Chapter 4 - Trade and Resources: The Heckscher–Ohlin Model   (PPT)

 

Problem Set 3 Assigned - Due Date: September 28, 2025 (Not to be Handed In – We will go over it in class)

(Available in Canvas under Assignments)

Week 5

 

September

 

21,23

 

Trade and Resources:
The Heckscher–Ohlin Model Cont’d

 

Catching-up time

Text (FT) Chapter 4

 

Chapter 4 - Trade and Resources: The Heckscher–Ohlin Model   (PPT)

 

Relative Supply and Demand Example  

Week 6

 

September

 

28, 30

Review for Exam

 

Exam 1 (September 30, 2025)

Exam 1

Week 7

 

October

 

5, 7

Movement of Labor and Capital Between Countries

Text (FT) Chapters 5 and 8

 

Chapter 5 – Movement of Labor and Capital Between Countries   (PPT)

Remittance Flows and GDP Impact By Country

 

Problem Set 4 Assigned - Due Date: October 21, 2025

(Available in Canvas under Assignments)

Week 8, Sunday, October 12, 2025 – Thursday, October 16, 2025

Fall Break, No Classes

Week 9

 

 

October

 

19, 21

 

Increasing Returns to Scale and Monopolistic Competition

 

 

Text (FT) Chapters 5 and 6

 

Chapter 6 – Increasing Returns to Scale and Monopolistic Competition   (PPT)

 

Problem Set 5 Assigned - Due Date: October 28, 2025

(Available in Canvas under Assignments)

WEEK 10

 

 

October

 

26, 28

Import Tariffs and Quotas Under Perfect Competition

 

Study Guide Exam 2 (PDF)

Text (FT) Chapters 6 and 8

 

Chapter 8 - Import Tariffs and Quotas Under Perfect Competition   (PPT)

 

Problem Set 6 Assigned - Due Date: November 4, 2025 (Not to be Handed In – We will go over in class)

(Available in Canvas under Assignments)

WEEK 11

 

November

 

2, 4

Import Tariffs and Quotas Under Perfect Competition cont’d

 

Catching-up Time and Review

Text (FT) Chapter 8

 

Chapter 8 - Import Tariffs and Quotas Under Perfect Competition   (PPT)

WEEK 12

 

November

 

9, 11

 

Exam 2 (November 9, 2025)

 

 Import Tariffs and Quotas Under Imperfect Competition

Text (FT) Chapter 9

 

Exam 2

 

Chapter 9 - Import Tariffs and Quotas Under Imperfect Competition   (PPT)

 

Commercial Policy   (PPT)

 

Problem Set 7 Assigned - Due Date: November 18, 2025

(Available in Canvas under Assignments)

WEEK 14

 

November

 

16, 18

Import Tariffs and Quotas Under Imperfect Competition cont’d

 

Export Subsidies in Agriculture and High-Tech Industries

 

Study Guide for New Material on Final Exam (PDF)

Text (FT) Chapters 9,10

 

Chapter 9 - Import Tariffs and Quotas Under Imperfect Competition   (PPT)

 

Commercial Policy   (PPT)

 

Chapter 10 - Export Policies in Resource-Based and High-Technology Industries   (PPT)

 

Problem Set 8 Assigned - Due Date: November 30, 2025 (Not to be Handed In – We will go over in class)

(Available in Canvas under Assignments)

November 20 - Last Day to Withdraw from Courses with grade of W

WEEK 15

 

November

 

 23, 25(no class) 

Export Subsidies in Agriculture and High-Tech Industries cont'd

 

International Agreements: Trade, Labor, and the Environment

Text (FT) Chapters 10, 11

 

Chapter 11 - International Agreements on Trade and the Environment   (PPT)

WEEK 16

 

November 30

 

December 2

International Agreements: Trade, Labor, and the Environment

Catching-up time

Chapter 11 - International Agreements on Trade and the Environment   (PPT)

 

Beyond Comparative Advantage   (PPT)

Exam Day

 

December 10

Final Exam

Final Exam Schedule