School of Athens

International Economics

Professor E. Kwan Choi
Department of Economics
Iowa State University
Ames, IA 50011
Fax: 515-294-9913
Tel: 515-294-5999
E-mail:kchoi@iastate.edu
http://www.econ.iastate.edu/classes/econ355/choi/

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On an experimental basis, lecture notes are made available here for a period of about 5 days after each lecture. If attendance is adversely affected, this service will be discontinued.

The basic struggle of man was, and is, and ever shall be, for land.
Knowledge is possessed only by sharing it.
There is no happiness without intelligent effort.¹

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Contents

Introduction Ranking of countries Per capita GDP in history Cantaloupe Income Indices Significance of Trade Babylonian culture and Tablets Prices in an Open Economy Prices in the Roman Empire	Protectionism Trade War Commercial Policies Why a trade surplus is bad Food Prices in Japan WTO and Trade Disputes	Three Important Lessons It's the economy, ... The Mortgage Debacle Whither USA? What Really Caused the Economic Crisis? Youtube Spreading the Wealth Around and Outsourcing Foreign Exchange Markets Currencies of the World
The Ricardian Model Absolute versus Comparative Advantage Closed versus Open Economy + HW1 World Production Possibilty Curve Offer Curves and Trade Equilibrium Roman Emperors Along the river at the Qingming Festival (Qiu Ying)	Factor Markets Multinational Corportations	Balance of Payments Historic Coins of the World
Specific Factors Model Sericulture Derivatives Increasing Cost Numerical Example + HW2	Economic Integration Comparison of the Military Power of three countries before WWII	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 Violations of assumptions Stolper-Samuelson Theorem Rybczynski Theorem Heckscher-Ohlin Trade Theorem Cobb-Douglas Example of the Heckscher-Ohlin Model Leontief Paradox Knossos Palace Heckscher-Ohlin-Vanek Theorem	Developing Countries Future 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 Partial Answers to Sample Test 2 Your grade	Lecture Schedule
Himeji castle	foliage in Ginkakuji Temple, Kyoto	A Royal seal of a Japanese emperor, Nara period, 702 AD.
Dragon vases of August der Starke (the Strong).	A laser show, Hong Kong	China's history through pottery Shenzhen Ballet

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Tsai Chih Chung's cartoons are reproduced here with express permission of Asiapac Books.

This page is designed primarily for teaching purposes. If you have suggestions on how to improve this site, please contact the author. New counter, April 2008.

 

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Copyright
Copyright 2008 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. Kwan Choi is indebted to Metropolitan Police of London for recovering the lost picture disks and other items in 2008.
Note
1. The Urantia Book (1955, p.556-7)

Louis XVI used to dine just inside the gate in front of the French farmers, letting his subjects admire his consumption of fancy foods, not a smart move, as it turned out.