International Economics


Introduction Spring Quiz
Ranking of countries



Per captia GDP in history
Cantaloupe Income Indices
Significance of Trade
Babylonian culture and Tablets
Prices in an Open Economy
Prices in the Roman Empire


One Belt One Road Initiative


Trade War

Arguments for Protection

US policy toward No.2

Commercial Policies
Food Price in Japan
WTO and Trade Disputes

China's loss from currency intervention

Lecture schedule spring, Fall

Foreign Exchange Markets
Currencies of the World

The Ricardian Model
Absolute versus Comparative Advantage
Closed versus Open Economy
World Production Possibilty Curve
Offer Curves and Trade Equilibrium
Roman Emperors
Factor Markets
Multinational Corportations, Continued
Balance of Payments
Historic Coins of the World
Specific Factors Model
Increasing Cost
Numerical Example

Economic Integration

Integration 1

Macroeconomic Policies in an Open Economy
Keynesian and
General Models

Internal and External Balance
Effectiveness of Monetary and Fiscal Policies

Trading with Labor Abundant Countries
Chinese View of the World
Factor Price Equalization
Violation of assumptions
Stolper-Samuelson Theorem
Rybczynski Theorem
Heckscher-Ohlin Trade Theorem
Cobb-Douglas Example of the Heckscher-Ohlin Model

Leontief Paradox
The Heckscher-Ohlin-Vanek Theorem

Developing Countries
China's Vision

The Evolution of International Monetary System
(a) Gold Standard
(b) Bretton Woods
(c) Contemporary Monetary System
Sample Test 1
Answers to Sample Test 1

Sample Test 2
Answers 2

sylabus sylabusf

Professor E. Kwan Choi
Department of Economics
Iowa State University
Ames, IA 50011
Fax: 515-294-9913
Tel: 515-294-5999

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Copyright 2005 by Kwan Choi. It may be freely redistributed in whole or part for any purpose. It may not be sold, or placed in something else for sale, without permission of the author. This guide is provided as is without any express or implied warranty.