Reading Assignments For Exam #2
- Due No Due Date
- Points 100
Reading Assignments for Exam #2
Read Chapter 37 - Trade Theory
Important Concepts
absolute advantage
comparative advantage
terms of trade
mercantilism
specialization
gains from trade
point of specialization
consumption possibilities curve
production possibilities curve
trade deficit
trade surplus
tariffs
currency manipulation
NAFTA
predatory pricing
protectionism
voluntary import (VIR)/ voluntary export (VER) restraints
Links:
Intelligence Squared Debate - Resolved - Buy American/Hire American Policies will Backfire -http://www.youtube.com/watch?v=C5l7kmkdKoI
Links to an external site.
Eric Doviak - http://www.doviak.net/microbook_3e.pdf Links to an external site. (pages 24 - 28)
University of Wyoming - Comparative Advantage - http://www.uwyo.edu/rgodby/econ1010/opportun2.htm Links to an external site.
College of William and Mary - Comparative Advantage - http://njsanders.people.wm.edu/1A/Advantage%20_and_Trade.pdf Links to an external site.
Georgia State University - Comparative Advantage - http://econport.gsu.edu/content/handbook/productionpossibilities/Comparative-Advantage.html Links to an external site.
Comparative Advantage - Desert Island Game - http://desertislandgame.com/ Links to an external site.
San Jose State University - http://www.sjsu.edu/faculty/watkins/compadv.htm Links to an external site.
Auburn University - http://www.auburn.edu/~johnspm/gloss/comparative_advantag Links to an external site.e
University of Washington - comparative advantage - http://faculty.washington.edu/jacoby/BLS345/Compadvtutor.html Links to an external site.
University of Pittsburgh - http://www.pitt.edu/~upjecon/MCG/MICRO/COMPADV/CompAdv.html Links to an external site.
University of Michigan - http://www-personal.umich.edu/~alandear/writings/CompAdv3.pdf Links to an external site.
Montana State University - http://www.bus.msu.edu/econ/brown/pim/pdffiles98/compad198.pdf Links to an external site.
Where Is the I-Phone Made? - Problems with trade data - http://online.wsj.com/article/SB10001424052748704828104576021142902413796.html?mod=WSJ_hp_MIDDLETopStories Links to an external site.
Videos:
Comparative Advantage - Why Countries Trade
Links to an external site.
Comparative Advantage - Why Countries Trad
Links to an external site.
Comparative Advantage and Gains from Trade and Specialization
Links to an external site.
Practice Test - http://www.oneonta.edu/faculty/beckei/E111RChap21.html
Links to an external site.
Links to an external site.
US International Trade Data:
Worlds Largest Manufacturing Nations - current - https://www.mapi.net/blog/2015/09/china-solidifies-its-position-world%E2%80%99s-largest-manufacturers
Links to an external site.
Worlds Largest Manufacturing Nations 2020 - http://www.industryweek.com/competitiveness/top-10-manufacturing-countries-2020#slide-9-field_images-192471
Links to an external site.
US Workers Employed in Manufacturing - 1943 - 2000 - http://tropicsofmeta.com/2014/08/18/13-great-books-on-the-post-industrial-society
Links to an external site.
Manufacturing Employment, Service Sector Employment, and Manufacturing Output - https://tropicsofmeta.wordpress.com/2014/08/18/13-great-books-on-the-post-industrial-society Links to an external site.
US largest Trading Partners - https://www.census.gov/foreign-trade/statistics/highlights/top/index.html Links to an external site.
OECD- Organization for Economic Cooperation and Development (OECD) - http://www.oecd.org Links to an external site.
OECD - Exports as a % of GDP - https://www.google.com/search?q=exports+as+a+%25+of+gdp+-+oecd&espv=2&biw=1680&bih=949&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjo_pqtm__KAhUM-GMKHU4mDJYQ_AUIBygC#imgrc=A_ve1y34wwMy1M%3A Links to an external site.
OECD - Trade as a % of GDP - http://www.oecd-ilibrary.org/sites/factbook-2011-en/04/01/01/04-01-01-g1.html?itemId=/content/chapter/factbook-2011-33-en&_csp_=991dd3505d336f07685f023bd9e02257 Links to an external site.
US Manufacturuing Employment - https://www.google.com/search?q=%25+of+us+employment+in+manufacturing&espv=2&biw=1680&bih=905&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiEwq_JnP_KAhUEzGMKHTNVB0AQ_AUIBygC#imgrc=O-Ee-vjmiMVUOM%3A Links to an external site.
US Manufacturing Output as a % of GDP - https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiFluu8nf_KAhUG4WMKHYsVDG0QjRwIBw&url=http%3A%2F%2Fwww.brookings.edu%2Fresearch%2Fpapers%2F2014%2F02%2Fus-manufacturing-past-and-potential-future-baily-bosworth&psig=AFQjCNFotxY4tjC9HmA4mh_OJ439dxHJNw&ust=1455813331690826 Links to an external site.
US largest trading partners - https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html Links to an external site.
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