Course Name (Primary) : International Economics
(Spring) International Economics (Fall)
Spring
2025 (Fall 2025-26 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
(new!) We will have class on May 6th as usual
**Quiz 1 May 13th**
Course
Intro 授業概要
Detailed Syllabus
(Spring
2025) (updated 3/31/2025)
First
class will be held, Tuesday April 8th, 2025
初回授業は
2025年4月8日（火曜日）開催
練習問題 for Q1 Practice
Question HERE
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)
"Notes Part 1" contains:
Contains Effects of a Tariff, Large Country Case, Export
subsidy and more
Effects
of Tariff、小国のケース（石川/椋木/菊地 "IMK"）
Unit 7
大国のケース//"IMK" Unit 8
NTB 非
関税障壁 PPT
Import Quota PPT English and 日
本語
but also see Quota in Part IV below
Deriving an Import
Demand curve (numerical) 輸入需要関数を導
き方法 （数字的な例、グラフ） （New！
May 7th, 2024）
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
Quiz 1, May 13th, 2025 (on
Import tariffs Graph, small country case), KOM
Chap 8. Problems 1, 2 and 3)
5/14/2024 (fixed file
5/16) Answers for KOM Chap. 8, problems 1, 2 and 3
New! 5/1/2025, ANSWERS for Effects of a Tariff and Global Supply and Demand (KOM problems)
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 June 25th, 2024. 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）
CVDs, ADD, Safeguards, Section 301, some in English, some in Japanese (Salvatore,
Oda
(小田）,
Chacholiades)
Export
Subsidies and CVDs (in Chacholiades, 1990)
Quiz 2, July 16th,
in-class first period 小テスト#2 July 16th Range: Same
as Take-Home Exam
範囲はレポート問題とおなじです
Answers
for (2022) quiz 2
Part VI: Preferential
Trade Areas (PTAs/FTAs) 自由貿易協定
FTA
Readings ("Notes 2")
Uploaded July 9th,
2024!! FTA Trade Creating
(good) Trade
Diverting (possibly bad) Figures adapted from D. Salvatore
BKP
summary in English and 日本語
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
7/24/2024 uploaded!
"ideal" answers for midterm" レポートの答え（理想）
English
日本語
7/24/2024
uploaded! "ideal" answers for q2" Q2の答え
English
日
本語
Final
Exam July 30th、７月３０日 (8:50
to 10:10) (80 minutes) 2024
, 期末試験
SPRING SEMESTER DONE
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FALL
STARTS HERE *************************************
Syllabus (updated/uploaded 10/15/2024)
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)
GATT/WTO/FTA/TPA
PPT
What
is a Tariff, exactly? (PPT, English only for now)
Old
Quiz 1
IMK Unit 7 Cost and benefits
of Tariff (small country case 関税小国ケース)
Costs and Benefits of a
tariff (small country case) from Salvatore
Quiz 1: November 5th, 2024 (範
囲will be based on "GATT/WTO..." PPT and Effects of a
Tariff (small country case))
US-Japan
Trade Frictions, then and now...and compared to current US-China Trade
Frictions 日本語版もあり
William E. James and C. Parsons "Trade in Steel" Paper"（English
version と日
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
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 日本語も
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 17th, 2024 (Updated 10/29/2024)
リ
ポート、締め 締め切り12/17 日本語版(Updated
10/29/2024!)
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 14th
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!)
re-uploaded 2/3/2025
Setser
and Roubini's Reply to Levey and Brown is here (Worry!)
re-uploaded 2/3/2025
New!! Quiz 2 January
14th, 2025!!!
Part XIV: International Movement in Capital
Foreign
Direct Investment (FDI) （海外直接投資）
FDI by KOM (English)
FDI by KOM （日本語
版）
FDI Salvatore (English only,
sorry)
FDI Wakasugi, Japanese only,
sorry (若杉、日本語版だけ）
FDI PPT English and 日本語
Sjoholm (1999) paper on
FDI and spillovers
Part
XV: (If time permits) International Movement in Labor (Immigration)
VMPL
Graph from Salvatore in English and 日本語
VMPL Step by Step
New!! Final Exam February
4th, 2025 8:50- 10:10 (80 minutes) 試験
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Word List (new！
11/26/2018)
Word List 日本語
y