Prof. Dr. Peter Schmidt


Economics & Statistics
Peter.Schmidt@hs-bremen.de

 Winterterm 2009/2010

Global Economics
Module of the Masters Programme
Global Management in Moscow

Welcome ... to the module "Gobal Economics"

Tentative Schedule
No Date Unit / contents Additional Material Teams & Tasks / Exercises
1 Mo, 19 Oct

Section I: Introduction

- 10 Principles of Economics (Mankiw)
Teamwork and Presentations
- Basic Concepts of Economics

- Welcome presentation (autorun)
- Introduction.ppt
- Basic Concepts

- 10 Principles of Economics (Mankiw) - Teamwork and Presentations:
1-4) Natalia
5-7) Polina
8-10) Alexander

2 Tue, 20 Oct

- Theory of Economic Systems
- Goals in Economics and Economic Policy

Introduction to International Economics (ch. 1: International Economics is Different)
Pugel: PART ONE - The Theory of International Trade

Links to the website of the book "International Economics" by T. Pugel
- Table of Contents
- Introduction (chapter 1)

Mankiw's "Problems and Applications" (p 51/52)
1) 6, 7 Polina
2) 10,11 Alexander
3) 12, 13 Andrej
4) 3, 4 Inna

3 Wed, 21 Oct 2 The Basic Theory Using Demand and Supply  + continued introduction
- Theory of Economic Systems
- Hierarchy of goals
- "Wall Street" @ Wikipedia
 
4 Thu, 22 Oct

3 Why Everybody Trades: Comparative Advantage

Joseph E. Stiglitz: "Globalization and Its Discontents"
- Article of Stiglitz @american.prospect
- Homepage Stiglitz
- Joseph Stiglitz and Kenneth Rogoff discuss: Globalization and Its Discontents (World-Bank Video 63 Min.)
- German Bundestag: "Globalization of the World Economy - Challenges and Responses" Final Report (pdf.)
- www.gapminder.org
- http://freedomhouse.org

I Pugel chapter 2 "Demand and Supply" (p 65/66)
+ Everyone working on one question
+ all: quesiton 8 (please prepare)

II Stiglitz:
- Preface (144-149)
- ch 7: Better Roads to the Market (p 159-166)
 Economist
- ch 8: The IMFs other Agenda (p 166-175)
Economist:
- "Globalisation and its Critics", "Profits over People" (15-19)
- "Grinding the poor", (20-23)
- "Is government disappearing?" (24-28)

5 Fr, 23 Oct 3 Why Everybody Trades: Comparative Advantage (cont'd)

 PC Lab (18.30 - ~19.30)
 Preparing "Moscow Round"

3 Why Everybody Trades: Comparative Advantage - excercise

Preparing "Moscow Round" - briefly define the following
(5 min. presentation in class, ppts will be published here)

1. Uruguay Round (Polina)
2. Washington Consensus (Polina)
3. Doha Round (Alexander)
4. Some issues of you choice from:
    www.gapminder.org
5. Discuss the concept of PPP (Purchasing Power Parity, i.e. by describing the The Big Mac index and connected theories. (Alexander)
You might want to use the World Development Indicators of the World Bank (Quick query) - or other sources.
6

Sat, 24 Oct

9.30

PC Lab (9.30 - ~10.45)

 Preparing "Moscow Round"
 
7 Sat, 24 Oct

 "Moscow Round"

 "Moscow Round" / Presentation + Discussion
= Final Presentation (around 20-30 min / person)
+ Handout Final Presentation
    = Statement / hypothesis (research question)
   + Material / literature, references
   + Summary + conclusion
    => Help for all participants

 "Moscow Round"
1. Industrialized Countries / G7 (Inna)
2. Emerging markets (Polina)
3. Less Developed Countries (AndrejI
4. IMF, World Bank, WTO (Natalia)
5. Critics of Globalization, ATTAC, Stiglitz (Alexander)
8 Sat, 24 Oct

4 Trade: Factor Availability and Factor Proportions are Key
PART TWO - Trade Policy
8 Analysis of a Tariff
9 Nontariff Barriers to Imports
12 Trade Blocs and Trade Blocks

PART THREE - Understanding Foreign Exchange
21 International Lending and Financial Crises


- We are also going to discuss Trade Blocks in general.
- You find information on the EU on the webpage of the ECB - learning material and videos.
 
 
9 Sat, 24 Oct

Review session:
Repetition and YOUR questions

Table of Contents in review

  Sat, 24 Oct Written exam (60 min.)

Material:

Links:              ->> If you know interesting links, for example an economic glossary or the like, please let me know.      

Data Sources:

AULIS, the e-learning-platform of the Hochschule Bremen.

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Bremen University of Applied Sciences
Department of Business Studies
Economics & Statistics