International Trade, National Security,
and Environmental Policy
- Krauss & Johnson (1974). General Equilibrium Analysis. Allen & Unwin. (K&J) [Available on Amazon, this is a great book, but the Kindle scan is horrible–so many errors that it is sometimes almost unreadable.]
- A number of articles online and on Canvas.
Some Good Advice (At No Extra Charge):
First, keep current with the reading. Not only will that maximize your homework grades, but it will allow you to make the most of lecture.
Second, do the homework. This is virtually free credit, and it will improve your performance on exams as well.
Third, ask questions in class. If you read something and it is unclear and then it is unclear during lecture, ask about it. Your classmates will probably thank you. This is one of the few ways, before an exam, that I can gauge how the material is getting across.
Fourth, come see me during my office hours. This is another opportunity to get clarification and help on material about which you are unclear. But don’t wait until the last minute, by then it is usually too late.
SACS-Related Material
I am aware that Tulane students are able to read a standard university syllabus and determine the content of the course and its relation to the major and the individual student’s course of study. However, the administration of Tulane University, along with the Southern Association of Colleges and Schools (SACS–which “accredits” primary and secondary schools as well as all varieties of 2 and 4 year undergraduate programs [with very little in the way of adjustment in rubrics, metrics, etc.]), has determined that you require additional information. I collect this material in a separate section so that you can refer to it, or discard it, as you consider appropriate.
STUDENT OBJECTIVES/OUTCOMES: By the end of the course, the student should be able to think, speak, and write fluently and competently about the ideas and issues covered in the course (as reflected in the course description and the syllabus). The student should have a solid understanding of the political and economic significance of ideas and concepts in the analysis of trade and trade policy, with particular reference to environmental and national security policy. The student should be able to formulate critical views concerning these issues and respond fluently and competently to questions concerning these views.
1. Students analyze basic general equilibrium theory in the evaluation of significant policy objectives.
2. Students will analyze, interpret, and discuss core issues of trade policy.
3. Students will analyze, interpret and discuss the links between trade and policy objectives like national security and the environment.
4. Students will appraise, evaluate, and appreciate the values and consequences of these issues.
ADA/Accessibility Statement
Tulane University is committed to offering classes that are accessible. If you anticipate or encounter disability-related barriers in a course, please contact the Goldman Center for Student Accessibility to establish reasonable accommodations. If approved by Goldman, make arrangements with me as soon as possible to discuss your accommodations so that they may be implemented in a timely fashion. I will never ask for medical documentation from you to support potential accommodation needs. Goldman Center contact information: Email: goldman@tulane.edu; Phone (504) 862-8433; Website: accessibility.tulane.edu
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The Code of Academic Conduct applies to all undergraduate students, full-time and part-time, in Tulane University. Tulane University expects and requires behavior compatible with its high standards of scholarship. By accepting admission to the university, a student accepts its regulations (i.e., Code of Academic Conduct and Code of Student Conduct) and acknowledges the right of the university to take disciplinary action, including suspension or expulsion, for conduct judged unsatisfactory or disruptive.
Unless I indicate differently on instructions, all assignments and exams are to be completed individually and without any study aid, including textbooks, class notes, or online sites. If you have any question about whether a resource is acceptable, you must ask the instructor rather than assume.
Equity, Diversity, and Inclusion Statement (EDI)
“Equity, diversity, and inclusion (EDI) are important Tulane values that are key drivers of academic excellence in our learning environments. In our drive for academic excellence, we seek to ensure that students, faculty, and staff across diverse social identities, cultural backgrounds, and lived experiences can thrive – especially those from from underrepresented and underserved communities (e.g., race/ethnicity, gender identity and expression, sexual orientation, disability, social class, international, veterans, religious minorities, age, and any other classification protected by applicable law – see Tulane’s Nondiscrimination Policy). In order to build a supportive culture and climate for every member of our community, we recognize that we each of have unique EDI strengths to share with others and that we also have areas for EDI growth, learning, and change. This EDI commitment and cultural humility helps us collectively build a university community and culture where everyone experiences belonging.”
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Confidential | Private |
Except in extreme circumstances, involving imminent danger to one’s self or others, nothing will be shared without your explicit permission. § Counseling & Psychological Services (CAPS) | (504) 314-2277 § The Line (24/7) | (504) 264-6074 § Student Health Center | (504) 865-5255 § Sexual Aggression Peer Hotline and Education (SAPHE) | (504) 654-9543 | Conversations are kept as confidential as possible, but information is shared with key staff members so the University can offer resources and accommodations and take action if necessary for safety reasons. § Case Management & Victim Support Services | (504) 314-2160 or srss@tulane.edu § Tulane University Police (TUPD) | Uptown – (504) 865-5911 | Downtown – (504) 988-5531 § Office of University Sexual Misconduct Response and Title IX Administration | (504) 865-5611 or titleix@tulane.edu § Student Affairs Professional On-Call (24/7) | (504) 920-9900 |
Emergency Preparedness & Response:(REQUIRED by University Policy as stated here)
EMERGENCY NOTIFICATIONS: TU ALERT | SEVERE WEATHER |
In the event of a campus emergency, Tulane University will notify students, faculty, and staff by email, text, and/or phone call. You were automatically enrolled in this system when you enrolled at the university. Check your contact information annually in Gibson Online to confirm its accuracy. | § Follow all TU Alerts and outdoor warning sirens § Seek shelter indoors until the severe weather threat has passed and an all-clear message is given § Do not use elevators § Do not attempt to travel outside if weather is severe Monitor the Tulane Emergency website (tulane.edu/emergency/) for university-wide closures during a severe weather event |
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§ For more information or to schedule a training, visit emergencyprep.tulane.edu
| § Download the Everbridge app from the App Store or Google Play store § The Report feature allows you to silently and discreetly communicate with TUPD dispatchers § The SOS button allows you to notify TUPD if you need help § The Safe Corridor button serves as a virtual escort and allows you to send check-in notifications to TUPD
|
From: Tulane Office of Emergency Preparedness and Response
Religious accommodation policy
Per Tulane’s religious accommodation policy as stated at the bottom Tulane’s academic calendar, I will make every reasonable effort to ensure that students are able to observe religious holidays without jeopardizing their ability to fulfill their academic obligations. Excused absences do not relieve the student from the responsibility for any course work required during the period of absence. Students should notify me within the first two weeks of the semester about their intent to observe any holidays that fall on a class day or on the day of the final exam.
Econ 3981 SYLLABUS Fall 2023
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Topic I: Introduction
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22 August: Course Introduction
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K & J, pp. 13-30
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24 August: (Very Brief) Introduction to Microeconomics (Consumer & Producer Theory)
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K & J, pp. 30-55
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29 & 31 August: The Basic GE Model of a National Economy
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K & J, pp. 56-91.
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Topic II: Some Economics of International Trade
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5 & 7 September: Trade in the Basic Model, 1: Foundations of Trade (Technology, Endowments & Tastes)
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K & J, pp. 191-205 (esp. 177-183 and 191-199)
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(Optional) Chacholiades (1978). “Chapter 6. International Equilibrium”. International Trade Theory and Policy. New York: McGraw-Hill. (only part A, pp. 156-171, on Canvas)
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12 & 14 September: Trade in the Basic Model, 2: Effects of Trade on Economic & Political Outcomes
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K & J, pp. 169-191
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Autor (2018). “Trade and Labor Markets: Lessons from China’s Rise“. IZA World of Labor.
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Fort, Pierce and Schott (2018). “New Perspectives on the Decline of US Manufacturing Employment“. Journal of Economic Perspectives, V.32-#2, 47-72.
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(Optional) Extending the Basic Model, 1: Unemployment & Monopolistic Competition
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Davidson, Carl, and Steven Matusz. “Globalization and Labour-Market Adjustment: How Fast and at What Cost?” Oxford Review of Economic Policy 16, no. 3 (2000): 42-56.
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Davidson, Carl, and Steven J. Matusz. “Trade and Labour Markets.” In Palgrave Handbook of International Trade, edited by Daniel Bernhofen, Rod Falvey, David Greenaway and Udo Kreickemeier, 391-422. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan, 2011.
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Krugman (1989). “Industrial Organization and International Trade.” In Schmalensee & Willig, eds. Handbook of Industrial Organization, Amsterdam: Elsevier, 1179-223.
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(Optional) Extending the Basic Model, 2: Firms in Trade (Heterogeneity & Global Value Chains)
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Bernard, Jensen, Redding and Schott (2007): “Firms in International Trade”. The Journal of Economics Perspectives; V.21-#3, pp. 105-130.
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Melitz and Trefler (2012), ‘Gains from Trade when Firms Matter’, The Journal of Economic Perspectives, V.26-#2, pp. 91-118.
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Timmer, et al. (2014). “Slicing up Global Value Chains“. The Journal of Economic Perspectives, V.28-#2, pp. 99-118.
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Hale, Hobijn, Nechio, and Wilson (2019). “How Much Do We Spend on Imports?“. Federal Reserve Bank of San Francisco Economic Letter, 2019-01.
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Antràs (2021). “De-Globalisation? Global Value Chains in the Post-Covid-19 Age,” in E.C.B. ed Central Banks in a Shifting World. Frankfurt: European Central Bank, 28-80. [Canvas]
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Baldwin and Freeman (2022). “Risks and Global Supply Chains: What We Know and What We Need to Know“. Annual Review of Economics, V.14-#1, 153-180.
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Topic III: Trade Policy & the Theory of Economic Policy for Trade
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26 & 28 September: Trade Policy Instruments in the Basic Model
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K & J, Chapter 7
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Feenstra (1992). “How Costly Is Protectionism?“. Journal of Economic Perspectives, V.6-#3, pp. 159-178.
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Tulane Fall Break: 5-8 October
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3, 10 October: The Theory of Economic Policy, 1: The Basic Framework
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K & J, Chapter 8
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Hoekman & Nelson (2020). “Rethinking International Subsidy Rules“. The World Economy; V.43-#12, pp. 3104-3132.
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Midterm Exam: 12 October
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17 October: The Theory of Economic Policy, 2: Trade Wars, Terms-of-Trade Externalities, etc.
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Amiti, Redding and Weinstein (2019). “The Impact of the 2018 Tariffs on Prices and Welfare“. Journal of Economic Perspectives, V.33-#4, pp. 187-210.
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Bekkers, Francois, Nelson & Rojas-Romagosa (2021). “Trade Wars: Nobody Expects the Spanish Inquisition“. in Hoekman & Zedillo (eds.). Trade in the 21st Century: Back to the Past?. Washington, DC: Brookings Institutions, pp. 183-208.
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(Optional reading) Dixit (1987). “Strategic Aspects of Trade Policy,” in Bewley ed Advances in Economic Theory: Fifth World Congress. Cambridge, UK: Cambridge University Press, 329-62. [Canvas, read only 329-336]
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(Optional reading) Evenett & Fritz (2018). Brazen Unilateralism: The US-China Tariff War in Perspective (23rd Annual Trade Alert Report).
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(Optional Reading) Bagwell and Staiger (2010). “The World Trade Organization: Theory and Practice.” Annual Review of Economics, V.2-#1, 223-56.
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19 & 24 October: The Institutional Environment of Trade Policy
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Ruggie (1982). “International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order.” International Organization, V.36-#2, 379-415.
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Baldwin (2016). “The World Trade Organization and the Future of Multilateralism.” Journal of Economic Perspectives, V.30-#1, 95-116.
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Maggi and Ossa (2021). “The Political Economy of Deep Integration.” Annual Review of Economics, V.13-#1, 19-38.
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Topic V: Trade & The Environment
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26 & 31 October: How Does International Trade Affect the Environment?
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Levinson (2023). “Are Developed Countries Outsourcing Pollution?” Journal of Economic Perspectives, V.37-#3, 87-110.
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Copeland, Shapiro and Taylor (2022). “Globalization and the Environment,” in Gopinath, Helpman and Rogoff eds, Handbook of International Economics. Elsevier, 61-146.
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Fernández-Amador, Francois and Tomberger (2016). “Carbon Dioxide Emissions and International Trade at the Turn of the Millennium.” Ecological Economics, V.125, 14-26.
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2 & 7 November: Trade Policy Analysis for the Environment
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Clausing and Wolfram (2023). “Carbon Border Adjustments, Climate Clubs, and Subsidy Races When Climate Policies Vary.” Journal of Economic Perspectives, V.37-#3, 137-62.
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Hoekman, Francois & Nelson, “Trade and Sustainable Development: Non-Economic Objectives in the Theory of Economic Policy,” 2023. World Trade Review, V.22-#3/4, pp. 463-473.
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9 November: WTO Rules and the Environment
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Rubini, Luca (2012). “Ain’t Wastin’ Time No More: Subsidies for Renewable Energy, the SCM Agreement, Policy Space, and Law Reform.” Journal of International Economic Law, V.15-#2, 525-79.
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Nelson & Puccio (2021). “Nihil novi sub sole. The need for rethinking WTO and green subsidies in light of United States – Renewable Energy“. World Trade Review, V.20-#4, pp. 491-508.
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Topic VI: Trade and National Security
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14 & 16 November: How Does International Trade Affect National Security?
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Copeland (1996). “Economic Interdependence and War: A Theory of Trade Expectations.” International Security, V.20-#4, 5-41.
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Morelli and Sonno (2017). “On Economic Interdependence and War.” Journal of Economic Literature, V.55-#3, 1084-97.
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Cohen (2020). “Nations and Markets.” Journal of International Economic Law, V.23-#4, 793-815.
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Tulane Thanksgiving Break 20-26 November
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28 & 30 November: Trade Policy Analysis for National Security
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Srinivasan (1987). “The National Defense Argument for Government Intervention in Foreign Trade,” in R. Stern ed U.S. Trade Policies in a Changing World Economy. Cambridge, MA: MIT Press, 337-63. [Canvas]
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5 December: WTO Rules and National Security
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Heath (2020). “The New National Security Challenge to the Economic Order.” The Yale Law Journal, V.129-#4, 1020-98.
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Claussen (2020). “Trade’s Security Exceptionalism.” Stanford Law Review, V.72-#5, 1097-164.
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Hoekman, Mavroidis & Nelson (2023). “Geopolitical Competition, Globalization and WTO Reform“. The World Economy, V.46-#5, pp. 1163-1188.
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Topic VII: Where Are We Going? Unilateral, Plurilateral (and?) or Multilateral
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7 December: Unilateral, Plurilateral (and?) or Multilateral
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Hoekman and Mavroidis (2015). “WTO ‘À La Carte’ or ‘Menu Du Jour’? Assessing the Case for More Plurilateral Agreements.” European Journal of International Law, V.26-#2, 319-43.
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Hoekman and Sabel (2019). “Open Plurilateral Agreements, International Regulatory Cooperation and the WTO.” Global Policy, V.10-#3, 297-312.
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Bown, Chad P. (2017). “Mega-Regional Trade Agreements and the Future of the WTO.” Global Policy, V.8-#1, 107-12.
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