Course Name (Primary) : International Economics (Spring) International Economics (Fall) 

Spring 2023 (Fall 2023-24 continues with a second semester; go to bottom of page)

Prof. Craig R. Parsons 国 際経済学(春/秋)  パーソンズ教授  


Course Intro   授業概要  

Detailed Syllabus (Spring 2023) (updated 4/18/2023)

First class was held, Tuesday April 11th, 2023
初回授業は 2023年4月11日(火曜日)開催

 

練習問題 for Q1 Practice Question HERE (new, May 6th!!) 

Part I: “Globalization is Good” and the Costs of Protection 

"Mercantilism"重商主 義 , 1 page only (日 本語もあり、1ページだけ) 

First Lecture: Globalization is Good, Powerpoint (PPT), English only. Check out youtube video (videoは日本語もあり)

What is a Tariff (English)? (uploaded 4/18/2023)

What is a Tariff (日本語)?   (uploaded 4/18/2023)

Effects of Tariff Figure (PPT)  (Youtube video now online! 日本語でも) 

Notes and Handouts for Part I (BIG pdf, English and 日本語) (read by 5/9/2023)

    "Notes Part 1" contains: Contains Effects of a Tariff, Large Country Case & Optimal Tariff Argument, Export subsidy and more

Effects of Tariff、小国のケース石川/椋木/菊地 "IMK") Unit 7 (read by 5/9/2023)

大国のケース//最適関税"IMK" Unit 8 (read by 5/9/2023)  

NTB 非 関税障壁 PPT (read by 5/9/2023) 

Import Quota PPT English and 日 本語  updated May 19th, 2022, but also see Quota in Part IV below

link to detailed Japanese tariff data here

link to detailed Japanese trade data here 日本語 

Japanese tariff rates on Umbrellas (one page pdf)

Practice Quiz 練習問題, with answers (handed out May 9th)

Quiz 1, May 16th, 2023 (on Import tariffs, Import Quotas, NTBs)

Part II: Ricardian Comparative Advantage and the Gains from Trade 

KOM Ch. 3 Labor Productivitiy and Ricardian Comparative Advantage

KOM Ch. 3 Labor Productivitiy and Ricardian Comparative Advantage 日本語

KO Ch. 2 浦 田翻訳 (こちらのほうがいい)

石川/椋/菊地 Unit 1

石川/椋/菊地 Unit 2

Comparative Advantage, not Competitive Advantage (English) 

Comparative Advantage, not Competitive Advantage (日本語)

The Gains from Trade and the Case of Japan (no file) 

Notes on Huber (1971) Japan's gains from Trade  

Huber (1971) paper (PDF): *password required  

Marginal Revolution University (MRU)video:  

https://www.youtube.com/watch?v=SNXMAu5XA1Q

TAKE HOME EXAM QUESTIONS Due July 11st, 2023.  In English and Japanese

Part III: The Political Economy of Trade  

Ishikawa/Mukunoki Unit 13  

Ishikawa/Mukunoki Unit 14

New !!  July 15  Fig 13-2 from IMK Unit 13 in English (gains and losses per capita figure, for Butter)

Parsons' Notes, Public Choice, Rent-seeking and Trade 

Krugman Obstfeld on Olson`s Collection Action (English)

Krugman Obstfeld on Olson`s Collection Action (日本語)

Part  IV: Partial Equilibrium Analysis of Other Trade Policies 

K&O "Effects of Quota" (pdf) 

Import Quota PPT) Uploaded 4/27/2021 same as L4 video  (English and 日本語

TRQ PPT (Tariff Rate Quota) English

TRQ PPT 日本語 

Export Subsidy small country (new! 6/12/2023)

Fixed 7/19/2023 Export Subsidy Large country (new! 7/19/2023) 

Export Tax

Import Subsidy

Local Content ローカル コンテンツ (KOM, OECD, IMK, Oda, Wakasugi)

"Local Content"  内容は上と同じ。ただ単純なPDF. In simple PDF (same "content" as above)  

Production Subsidies and Import Tariffs, which is worse?日本語も 

Part V: Antidumping Duties  (ADD) and Other Administrative Protection

My notes, plus Oda/Wakasugi/Ishikawa/Mukunoki/Kikuchi

Antidumping and its Effects (PPT) (English and 日本語で)

Notes and Handouts for Part V (pdf, English and Japanese) 

Forward Pricing Figure in English (newer version, June 28th, 2021) 

日本語版も  "P less than AC is not dumping, it is normal in recession" GRAPH 

CVD, 201, 232, 301 (PPT English and 日本語) 

Quiz 2, July 11th, in-class first period 小テスト#2  July 11th  Range: Parts I through V  範囲: Part I, II, IV and V (NOT III)

New!! July 4th. Range (範囲) Q2 click here
New!! Answers for last year's (2022) quiz 2

Part VI: Preferential Trade Areas (PTAs/FTAs) 自由貿易協定  

FTA Readings ("Notes 2")

Uploaded July 18th, 2023!!  FTA Trade Creating (good) Trade Diverting (possibly bad) Figures adapted from D. Salvatore

BKP summary in English and 日本 

BKP Figures ALL in Color 

Article XXIV English and 日本語  

KOM Chapter 10 in English 

KOM Chapter 10 日本語  





Part VII (If time permits).  Infant Industry Argument for Protection (幼稚産業保護論 and other Fallacies

Krugman/Obstfeld/Melitz, Ch. 11 (English)  

KOM Ch. 11 (日 本語) 


市川/椋/菊池 Chapter 5 (Unit 10)

And, if time:

D. Irwin's (2000) analysis of US Tin Plate Industry
R. Juhasz' (2017) analysis of Napolean Blockade Full paper here: http://www.rjuhasz.com/research/juhasz_blockade.pdf

And one page of my notes and critique of  "kicking out the ladders" argument by Ha-Joon Chang (2003)


FINAL EXAM

Final Exam August 1st (8:50 to 9:10) (80 minutes) 2023 , 期末試験

SPRING SEMESTER DONE

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Syllabus (updated/uploaded 11/27/2023)

Part VIII : Brief History of Trade Liberalization and Trade Frictions (US, Japan, China, Steel)

Globalization is Good PPT 

KOM Chapter 10 in English

KOM Chapter 10 in 日本語 

Effects of Tariff Figure (PPT)  (Youtube video now online! 日本語でも) 

小田正雄のテクストWTO (Oda-sensei text on WTO、only Japanese) 

GATT/WTO/FTA/TPA PPT (English) [Updated a little bit 11/22/2023]

GATT/WTO/FTA/TPA PPT (日本語. New!  Oct 24th, 2022)

What is a Tariff, exactly?  (PPT, English only for now)

NO CLASS November 7th, 2023 

Quiz 1: November 14th, 2023 

US-Japan Trade Relations (old notes, English and 日本語 )  (no link for now)


US-Japan Trade Frictions then and now...and compared to current US-China Trade Frictions (new notes, English and 日本語 )


William E. James and C. Parsons "Trade in Steel" Paper"(English version 日 本語版

Part IX: Trade Wars with Game Theory

Brief History of Smoot-Hawley Tariff and Trade War:

Read Ch 10 in KOM English or 日本語 (No link. See section VIII above)

Smoot-Hawley from Chachiolades Text (1990) English and 日本語

New!  Nov 10th, Logrolling ログローリング 投票取引 


    Intro to Game Theory

Watson's text, some Games

Comments on Watson figure

Okada text 岡田の教科書

New!  Jan 22, 2019. Prisoners "Dilemma" ABCD"



K&O Trade/Tariff War

K&O Trade War  (note: 古い版なので、内容は少しちがう)

Vocabulary for Trade War PPT 

Trade War PPT  English

Trade War PPT 日本語版


Trade Wars and Trade Friction Then and Now 日本語

Part X: The Costs of Protection (Empirical Studies 実習分析)

Effects of Tariff、小国のケース石川/椋木/菊地 "IMK") Unit 7

Effects of Tariff (English &
日本語, from KOM)  * See Chapter 8

Ishikawa/Mukunoki/Kikuchi Unit 13(日本語)

English explanation of IMK 13 "Butter" figure (per capita gains and losses)


Below: summary of studies by Urata, Hufbauer etc. (also Krugman/Feenstra debate, if time)

Notes: Costs of Protection, Again (based primarily on Feenstra, 1992)

 "Costs of Protection" in Japanese

Take Home Exam Questions HERE in English. Due December 19th, 2023 (Updated 11/27/2023)

リ ポート、締め切り  12/19 日本語版(Updated 11/30/23)

Production Subsidies and Import Tariffs, which is worse? 英語と日本語  (added Jan 16, 2023)

 
Part XI: Exchange Rates of the Trade Balance

Law of One Price and PPP, Exchange Rates, XR Effects on Trade Balance  

Readings
    K&O Chapter 16 日本語 (特にp. 459-467 & p. 471-482)

    K&O Chapter 16 in English (particularly p. 414-421 & p. 424 -433)

     PPP Figure/Graph with updated data (yen/dollar)

           Detailed data and construction of PPP Figure in Excel

     PPP under hyperinflation (Table and Figure) from Caves, Frankel and Jones text (2002)  

     New Jan 25th, 2022. Numerical Examples of Big Mac Index

The J-Curve (New !! Added Dec. 28, 2021)
    J-curve readings (KOM, in English)
    J-curve readings (KOM, 日本語)

Simple Numerical Example of J-curve 日本語も (New! Added Jan 16, 2023) 

Quiz 2 January 16th Coverage:  Take-home exam material レポート課題の範囲と同じ

Q2 Practice problems 練習問題 HERE

Part XII: The Nature of Trade Deficits & Surpluses

An Introduction to Current Accounts (my notes: MS Word) 

An Introdution to Current Accounts 日本語版 fixed Feb 2023 

New! 1/20/2019  Japan's Balance of Payments from D. Flath (2005)

Current Account Deficits Around the World (Jan 2018)


Balance of Payments for Various Countries (Salvatore)

Part XIII: America’s Scary Deficit

Scary Deficit (PPT)  New 2020 version 

Scary Deficit (PPT 日本語版、new! April 2020)

Scary Deficit (my notes)

Scary Deficit (my notes) 日本語

Original Levey and Brown Article (Don't Worry!)   must  re-upload

Setser and Roubini's Reply to Levey and Brown is here (Worry!)  must re upload)


Part XIV:  International Movement in Capital Foreign Direct Investment (FDI) (海外直接投資)  

FDI Readings
(Krugman, Salvatore, 若杉)

FDI PPT English and 日本 uploaded  

  
Part XV: (If time permits) International Movement in Labor (Immigration)

VMPL Graph from Salvatore in English and 日本語  

VMPL Step by Step



Final Exam February 6th, 8:50- 10:10 (80 minutes) 試験  
 



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Word List (new! 11/26/2018)

Word List 日本語




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