DANBY

 

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BIS 324 SYLLABUS

 

BISGST 324: International Political Economy

Winter Quarter, 2011

Section A Tuesday and Thursday 11:00AM-1:00 PM, UW2 031

Section B Tuesday and Thursday 5:45-7:45 PM, UW2 031

Colin Danby, Interdisciplinary Arts and Sciences, University of Washington, Bothell

Office: UWI-245

 

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(425) 352-5285

 

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Office Hours Thursday 3:30-5:30 PM, and by appointment

 

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cdanby@uwb.edu

 

Description and learning objectives
Why has the United States run a trade deficit in recent years?   What explains recent changes in exchange rates?  How is the current global recession, the most serious since the 1930’s, affecting international trade and investment?  This course will provide the tools to answer these questions and the basis for further study of international issues. You will learn key concepts, gain an understanding of different theoretical perspectives, and map out the major institutions that shape the international economy.

We will use short lectures, handouts, exercises, and small-group work on problems to make sure everyone masters fundamental concepts like comparative advantage and the balance of payments.  Exams will include definitions, problems, and short essays.  You will be given advance notice of the content of exams, and opportunity for in-class practice of problems.

Most importantly, you will learn by doing your own research.  Each participant will be assigned a country and will carry out a series of research tasks on that country over the quarter.  In structured exercises in class, you will compare the results or your research with the results of other participants, gaining a comparative and integrative understanding of the world.  This will give you experience working with real-world data and applying the ideas learned in the course. You will leave the course not just with theoretical knowledge, but with practice in investigating specific questions related to the international economy, and communicating the results of your work.

“Research” includes upper-level skills of analysis, synthesis, assessment, and critical use of sources.  In everyday life, and elementary education, we often use “research” to mean simple retrieval of information, without any further work or thought.  You will certainly need to retrieve information in this course, but that is only the start: you will be expected to use it thoughtfully to address questions, you will be asked to pull together data from different sources to reach conclusions, to break down complex questions into simpler ones, and to think carefully and critically about how your sources know things and what they are choosing to include or omit.

IAS Portfolio: http://www.uwb.edu/ias/iasdegreeportfolio  IAS is a portfolio-based program.  Student majoring in any degree offered by IAS begin the process of creating a capstone portfolio in BIS 300: Interdisciplinary Inquiry and conclude it in BIS 499: Portfolio Capstone.  IAS students should maintain an archive of the work they have done in (or in relation to) their undergraduate education, preferably through their UW Google Site.  For more information about the IAS portfolio, visit the IAS webpage (or the link above). The research memos in this course are good assignments to save for the portfolio.  

This is a core course for the Global Studies degree in IAS.  Among the IAS learning objectives, this course emphasizes interdisciplinary research, critical thinking, and writing. 

 

Requirements

Completing question sets satisfactorily and worksheets on time: 10%

Participation and in-class worksheets: 10%

Three exams: 45%

Research Memos: 35%

Question sets and worksheets receive full credit if they represent a reasonable effort to answer all the questions – the answers don’t have to be right to get full credit, but I expect careful attention.  If you have trouble answering a question, write about why you have trouble; you are also always encouraged to show me draft answers by e-mail.  Participation will be assessed mainly on the basis of your work in several in-class group sessions: those are currently scheduled for January 18, February 1, 8, and 22, and March 3, but I may shift them around as we go, and I may add others.  Exam questions and practice problems will be made available a week before the exams. 


Policies
Late work: late submissions will be penalized 15% (of the total possible grade) up to the first week they are late; 30% thereafter.  No late assignments will be graded after March 10.  It's your responsibility to organize your life so work gets done on time, reliably.  Please do not tell me about malfunctioning computers, flat tires, and so forth.  There are no exceptions to the late-work policy -- there simply is no way that I can fairly assess the personal emergencies, job pressures, and other factors that impinge on different people's lives, and adjust individual deadlines accordingly.  There is however one appeal: if you feel that for any reason, part of your grade does not reflect your learning in the course, write me a short e-mail explaining why, and I will take that into account when assessing the final grade.  Exams cannot be postponed.  

Question sets, worksheets, and research memos are to be turned in via Collect It.  This course does not use Blackboard.

There is no reason to tell me if you are going to miss class.  However if a serious illness or personal emergency is going to affect course work over a week or more, please tell me so we can plan  how to get you back on track as quickly as possible.   For a few other points see Occasionally-Asked Questions, How I Assess Writing, and Notes on Formats for written work.

Our scheduled classes are times for work.  Focusing on the task at hand is important for your own learning; it also makes you a better participant in small-group discussions and other activities that will help others learn.  It is therefore expected that you will use class time for class work.  Most importantly, I expect that you will not do anything to distract other students from class work.  This means

·         Avoiding private conversations, keeping food and drink under control, and turning off and putting away cell phones and all other portable electronic devices. 

·         In the interest of avoiding distraction, this will be a laptop-free classroom for most of our work together.  I may relax this restriction for purposes of small group work.  

·         If you have to arrive late, please tiptoe in the back door as quietly as possible, and sit at the back. 

·         Please return from break on time (my breaks are five minutes, which is enough time for the bathroom or a quick smoke, not enough time to get coffee in UW2). 

It is my responsibility, and prerogative, to determine what is appropriate classroom behavior. 

Accommodation for disabled students is a campus priority.   If you believe that you have a disability and would like academic accommodations, please contact Disability Support Services at 425.352.5307, 425.352.5303 TDD, 425.352.5455 FAX, or at dss@uwb.edu. http://www.uwb.edu/studentservices/dss.  I am delighted to work with DSS and encourage you to use their services.

You are reading a web document.  It can be located by putting "danby" into the faculty directory accessible via the main uwb page, or by putting "colin danby" into a search engine like google.   Changes in readings or assignments will be made on the web version, as well as being announced in class.  If you miss classes, you need to check for any modifications to assignments.

I encourage you to see the regular class time as only part of the service provided to you in this course. Please feel no hesitation about contacting me outside of class, about using the scheduled office hours, and about setting up meetings at other times. Aside from visiting during the scheduled office hours or chatting after class, the best way to get in touch is e-mail.  The “Collect It” dropbox also has chat functionality, but I don’t monitor it daily, so please use e-mail for electronic communication with me.  I don't use the voice mail system.

Please check your UW mailbox regularly, and if you have another primary e-mail address, set your UW mailbox to forward to that primary address.  It is easier for me to keep track of e-mail from you if you use your UW e-mail account to contact me.  If you must use another e-mail address, please make sure it is set up so that your full name appears in the “sender” field.

Academic integrity: See http://www.uwb.edu/studentservices/academicconduct

for crucial information regarding academic integrity.  The library has an extremely useful website with resources at http://libguides.uwb.edu/ai; see also http://www.uwb.edu/writingcenter/writing/plagiarism.  You are responsible for knowing what constitutes a violation of the University of Washington Student Code, and you will be held responsible for any such violations whether they were intentional or not.  Plagiarism has been a problem in this course in the past.  Proper crediting boils down to two things: 

·     In everything that you hand in, your own writing must be clearly distinguished from other people’s writing.  The normal way to do this is with quotation marks around the sentences or phrases that are not yours. 

·      Quoted material, or anything that you got from another source (a fact, an idea, something paraphrased) must have a reference clearly attached to it that tells your reader precisely where it came from.  “Precisely” means that you should include a page number, if there is one.

Please see these additional notes on plagiarism.  If you are ever in any doubt about how to credit a source, ask me or a reference librarian.  Penalties for plagiarism at UWB include a zero on the assignment and referral to the disciplinary process overseen by the Vice Chancellor for Academic Affairs.  All cases of significant plagiarism in this course will be referred to the Vice Chancellor’s office.

Snow etc.: Please check on whether the campus is closed due to weather, earthquakes, or zombie uprisings.  Information on suspension of operations will be made public and available through the media. Students can learn of campus operations status from the website or by calling the Campus Information Hotline 425.352.3333.  You may also sign up with an alert system that will contact you via email or text message if classes are canceled. For more information on the alert process, please see http://www.uwb.edu/alert. Class activities will be rescheduled as needed.

 

Texts

There are no books to buy.

  • Most of our readings are E-reserves.  If for any reason the direct links to e-reserve readings on the schedule below do not work, those readings can be accessed via this course's e-reserve page.  The library commits to making e-reserves available in a format that will print out well on the library’s computers.  You’re welcome to print them out elsewhere, but neither I nor the library staff can provide technical support for other computers and printers.  The e-reserve collection for this class contains more readings than we will actually use
  • On or before January 27 you will be asked to print out two sets of data and graphs for your assigned country.  The printouts may total 30-40 pages.  You are required to bring these printouts with you to class for the rest of the quarter.
  • Additional materials will be handed out in class or linked to on the website.  They can be accessed via links in the schedule below.  

 

Discussion Board

Via “gopost,” I have set up a Discussion Board for BIS 324 as a forum for announcements, questions, and other conversation relevant to the course.  I will, for example, post the country assignments there when they are ready.  The board is for both sections of the course.  I will use it for material that may be interesting to some of you for one reason or another, but which does not merit taking up class time, and for other purposes.  You are encouraged to use it to post your own questions, announcements, and anything that you think may be of interest to others in either section of the class.  Do keep in mind the difference between this discussion board and Collect-it: anything you post to the discussion board can be seen by anyone with a UWNet ID.  Anything you post to Collect-It can be seen only by you and me.


Quantitative Skills Center
UWB's excellent Quantitative Skills Center is ready to help you with this course.  I will meet with the center's tutors to discuss course material with them.
 

Schedule of Topics, Readings, and Assignments (subject to adjustment)

Topics 

Assignments (due before the start of class)

Tue January 4

Unit 1: Preliminaries

Goals: (1) Essential historical background, key political concepts and perspectives, (2) Price determination and consumer and producer surplus in the market model, (3) The production possibility frontier

Course introduction

Demand and consumer surplus

Readings should be done before the class for which they are listed.

Thu January 6

Growth: the big picture

Factors of production and growth

 

Power, interests, constituencies

 

Supply and producer surplus 

Log in to your section’s Collect It page and respond to the assignment about country research preferences.  If you are new to Collect It, there is a test assignment that you can experiment with.

 

 

Collect It dropbox for Section A (11:00AM-1:05 PM)

 

 

Collect It dropbox for Section B (5:45-7:50 PM)

 

 

Read:

 

Roskin, What to Look for 

 

Danziger, Political Institutions I

 

Demand, Supply, and Surpluses 

 

 

The first time you ask for e-reserves (Like the Lairson and Skidmore above), go through the library’s website  and sign in if it asks you to.  This will set needed cookies on your browser, for that session.  Once you have done that, the direct reading links from the syllabus will work.  Otherwise you get an error message about a non-trusted location.

 

 

Optional reading: Notes on Roskin

 

Understanding Graphs 

 

 

Tuesday January 11

Political institutions

Governments and economies

Price determination in the market model

Write and turn in on Collect It: First question set.  Note that due times are 30 minutes before the start of class.

 

Read:

 

Danziger, Political Institutions II

 

Price Determination in the Market Model

Thursday January 13

The first globalization

Price determination: further exercises 

Production Possibility Frontier (PPF)

Find your country assignment

 

Read:

 

Lairson and Skidmore, “Origins of a World Economy”

 

Clark, “World Growth Since 1800”

 

Frank, Development of Underdevelopment

 

Optional:

 

Notes on Lairson and Skidmore, Origins

 

Tuesday January 18

The first globalization collapses

Group work on country research

Write and turn in on Collect It: Second Question set

 

Read:

 

J. M. Keynes, “Paris (1919)”

 

Production Possibility Frontier

Thursday January 20

The Bretton Woods institutions and the post-WWII order

 

Tuesday January 25

first exam

 

Thursday January 27

Unit 2: Trade
Goals: (1) Grasp of Ricardian trade theory and comparative advantage, (2) Understanding of and ability to analyze trade restrictions, (3) Familiarity with relevant international institutions

Comparative advantage, practice; introduction to country projects

Download the World Bank and IMF spreadsheets for your country, print them out, and bring them with you from now on.  You’ll find them in the class discussion board.

 

Read:

 

Stiglitz, Trade

 

Stiglitz, Trade Policy

 

A One-factor World: The Ricardo Model 

 

Optional reading:

 

A Two-factor World: The HOS Model  

 

Trade Introduction

 

 

 

Tuesday February 1

Tariffs 

Group work on country data 

Write and turn in on Collect It: Politics and Trade Worksheet

 

Read:

 

Spero, International Trade and Domestic Politics

 

Basic Analysis of a Tariff 

Thursday February 3

Liberalism, Neoliberalism, Mercantilism, Nationalism

 

Quotas 

 

Trading blocs and other restrictions

 

How to write with numbers

Tuesday February 8

Group work on country data 

Write and turn in on Collect It: First Research Memo, on Trade

 

Read:

 

Other trade restrictions

Thursday February 10

Institutions: GATT, WTO, and trade policy

 

Read:

 

Todaro, A Brief History and Analysis of the IMF and World Bank

 

Trade problems practice (note that only the “small country” problems will appear on the exam)

 

Annotated problems

 

Tuesday February 15

 

second exam

 

Thursday February 17

Unit 3: The Macroeconomy and the Balance of Payments
Goals: Familiarity with (1) Open economy macro framework (2) Exchange rates, (3) Key institutions 

Macro flows in a closed economy

Read:

 

McConnell and Brue, Measuring Domestic Output, National Income, and the Price Level

 

Parts 1.1 and 1.2 of the Macro Flows Tutorial

 

Tuesday February 22

Macro flows in an open economy

Group work on country data

Worksheet assignment

 

Read:

 

Parts 2.1 and 2.2 of the Macro Flows Tutorial

 

Thursday February 24

 

Exchange rates

 

 

Tuesday March 1

Brazil example

 

Exchange rates again

 

 

Thursday March 3

Group work on country data

 

Ruritania example

 

Exchange rate practice

Tuesday March 8

Institutions: IMF and structural adjustment

 

Jamaica example

Cato Institute: International Financial Crises and the IMF

 

Institute for Policy Studies, Structural Adjustment Programs and Poverty Reduction Strategy

 

IMF: Changing IMF Works Hard to Combat Global Crisis

Thursday March 10

Film: “The Crash”

 

From the PBS site for The Crash

Timeline

Transcript

Tuesday March 15: Turn in on Collect It: Second Research Memo

 

There is no class (this is exam week) but I will be in our classroom during normal class times to answer questions related to the final exam.

Thursday March 17

final exam
(normal class time, same classroom)