Lecture 1 Introduction Overview Aim of the course Structure of the course Some basic concepts Guest lecturers Assessment Textbook Aim of the course Critical thinking To understand ID: 300912
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Slide1
International Economics
Lecture 1:
IntroductionSlide2
Overview
Aim of the course
Structure of the course
Some basic concepts…
Guest lecturers
Assessment
TextbookSlide3
Aim of the course
Critical thinking!
To understand:
Current major issues and debates in the global political economy
The major models used to understand international trade, and how to apply themSlide4
Aim of the course
To understand (cont.):
What trade policy tools government has, their effect, and how best to apply them
A basic introduction to international monetary policy
The effects of foreign direct investment (FDI) and international aid
…and all with at least a little enthusiasm!
Slide5
Structure of the course
Wks 2 to 4: Introduction / political economy
Wks 5 to 8: Trade models and theorems
Wk 9 and 10: Trade policy
Wk 10 and 11: International monetary theory
Wk 12: FDI and international aid
Wk 13: Revision!
Trade
Intro
MonetarySlide6
Some basic concepts...
What is international trade?
What do our trade models try to do?
What is the purpose of trade policy?
What is international monetary theory?
Why is all this important???Slide7
Guest lecturers
Mr. Paul Flanagan (Aust. National University)
Undertakes analysis on PNG’s economic prospects, focusing on the 2015 PNG Budget
Strongly suggest you read:
http://www.businessadvantagepng.com/papua-new-guinea-2015-budget-analysis-dealing-with-debt-and-deficits/
http://www.abc.net.au/news/2014-12-02/papua-new-guinea-economy-set-to-grow-15-per-cent-in-2015/5933664Slide8
Guest lecturers
Also read:
http://devpolicy.org/papua-new-guineas-vanishing-lng-export-boom-20141220/
Detailed brief:
http://devpolicy.org/policy_briefs/PB10VanishingPNGLNGexportboom.pdfSlide9
Guest lecturers
Homework:
Write down one question to ask Mr. Paul Flanagan for the question and answer session after his lecture
Bring your written question to the first tutorial (Wk4)
– it will count for tutorial participation for Week 3!
Hopefully I can get more guest lecturers for us…
Don’t worry,
I will put all these links up online!Slide10
Online resources
All material in the course will be made available at:
http://michaelcornish.org/international-economics/
This means:
The course outline
Lecture
powerpoints
Links to articles and .
pdfs
Anything else relevant or useful !Slide11
Textbook
9
th
EditionSlide12
Assessment
Tutorial Participation: 10%
Tutorials every week (except not today, and not on Easter Friday)
Tutorial questions handed out on Mondays
Individual Assignment: 15%
Details in Course Outline
Due Monday 13th April (Wk 5) by 1pmSlide13
Assessment
Group Assignment: 25%
Details to be provided after individual assignment is submitted
Final Exam: 50%
Details about time, date and location to be provided as soon as they are confirmedSlide14
Some final words…Slide15