MBA507 International Economics

for F1P 2009

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Mission Statement: The mission of the School of Graduate and Professional Studies at Park University is to provide leadership and directions to Park University's graduate and professional programs to assure that they are specialized, scholarly, innovative, and designed to educate students to be creative, independent, and lifelong learners within the context of a global community.

Vision Statement: Park University's School of Graduate and Professional Studies will be an international leader in providing innovative graduate and professional educational opportunities to learners within a global society.


MBA 507 International Economics


F1P 2009 DL


Cheng, William


Associate Professor of Finance


Ph. D. in Economics/Finance

Office Location


Office Hours

Online 24/7

Daytime Phone


Other Phone



Semester Dates

August 3 to September 27, 2009

Class Days


Class Time


Credit Hours


Caves/Frankel/Jones, World Trade and Payments: An Introduction, (Addison-Wesley: 10th  ed, 2007). (Drawing graphs)
Textbooks can be purchased through the
MBS bookstore

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Business Periodicals (Magazines & Newspapers) On-Line:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
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Course Description:
MBA 507 International Economics: Analysis of the theory, structure and policies of international economic and financial institutions. Topics include international trade, trade policies, problems of international finance and exchange rates. Prerequisites: EC141 and EC142 or equivalent approved by Program Director. (Formerly EC 507)

Educational Philosophy:
An ancient Chinese proverb says:

Tell me, I forget;
Show me, I remember;
Involve me, I understand.

This is my teaching philosophy. I strongly believe that knowledge has to be discovered, constructed, practiced and validated by each learner” through learner-centered, problem-based approach.

It is my belief that active learning approaches, collaborative and cooperative learning strategies, strong facilitation skills, tying a grade to performance (particularly discussion), organization of course, utilizing a diverse pool of assessment tools, putting forth detailed expectations, providing an overall nurturing and positive attitude, and communicating on a regular basis with students (individually and as a group)are all essential elements of effective instruction.  

Class Assessment:
Your grade will be determined by answers to discussion questions and responses, weekly homework assignments, and by the results of mid-term exam, final exam term project/paper.  Except otherwise, all submissions will be graded on relevance, comprehensiveness, specificity, clarity and analytical skills, as well as writing skills.


Criteria Points
Class Participation/Discussion Questions

400 Points ( 50 points each week)

Homework Assignments

200 Point (25 points each week)

Mid-term Exam

100 Points

Term Project/paper

150 Points

Final Exam

150 Points

TOTAL 1000 Points

How I Grade Your Assignments:

50% on Content and Development
20% on Organization
10% on Format
10% on Punctuation, Grammar and Spelling
10% on Readability and Style
I will give you a numeric grade for each assignment.  Also, I will provide you with a weekly summary of grade points earned, so that you will know where you stand at the end of each week.

Please submit your work on the date indicated in the assignment section of  each lectures. If you are not going to meet the due date, I expect you to contact me before the due date to make any arrangements for a late paper. Any work submitted late without prior coordination with me will lose 10 percentage points for each day the work is late.


A =

 92- 100% (or 920 points or higher)

B =

 80-91% (or 800 to 919 points)

C = 

 70-79% (or 700 to 799 points)

D =

 60-69% (or 600 to 690(points)

F =

 < 60% (599 or fewer points)

Late Submission of Course Materials:
Please submit your work on the date indicated in the assignment section of each lectures. If you are not going to meet the due date, I expect you to contact me before the due date to make any arrangements for a late paper. Any work submitted late without prior coordination with me will lose 10 percentage points for each day the work is late.

Classroom Rules of Conduct:
Course Policies

Policy # 1: Back up every piece of work you complete. This will ensure that a computer glitch, or a glitch out there in cyberspace won't erase your efforts.

Policy # 2: If you are experiencing any confusion over course material, technical difficulties that are not being resolved and are preventing you from completing your assignments, or general questions about the course, let me know and refer to Course Policy #1.  Avoid "Dropping out" of the course communication or failure to submit assignments due to time constraints, technical problems, or confusion.  If you miss class discussion for a week, you will not pass the course, unless you have communicated the nature of your absence to the instructor(s).

Policy # 3: Please check the Announcements area in the Course Conference before you ask general course questions.  If you don't see your question there, then please post your question.  Posting them in the threaded discussion area will allow your fellow students to benefit from your questions. And remember, there are no stupid/silly questions.  We are all here to learn!

Policy # 4: (E-Mail Procedures) When sending e-mail other than assignments, you must identify yourself fully by name and class in all e-mail sent to me and/or other members of our class.

  • My Response Policy:  I will check my e-mail and the conference area frequently. I will respond to course-related questions within 24-48 hours (unless I notify you previously that I will be unavailable).
  • When files are sent attached to an email, the files should be in Microsoft Word formats.  Scanned documents or paper copies will not be accepted.  

Policy # 5: Online Etiquette: All your online communications need to be composed with fairness, honesty and tact.  Spelling and grammar are very important in an online course.  What you put into an Online course reflects on your level of professionalism.

Course Topic/Dates/Assignments:
Week 1 - Comparative Advantage and Basic Model of International Trade
Week 2 - Trade Patterns and Income Distribution
Week 3 - 3 International Factor Movements and Trade Barriers
Week 4 - 4 U.S. Commercial Policy, Mid-term Exam
Week 5 - 5 Money, Income and Balance of Payments
Week 6 - 6 Macro Policies for Open Economies
Week 7 - 7International Financial Markets
Week 8 - Exchange Rate Determination, Term Project and Final Exam

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2009-2010 Graduate Catalog Page 31


Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2009-2010 Graduate Catalog Page 31-32

Attendance Policy:

Professors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2009-2010 Graduate Catalog Page 35

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


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Last Updated:7/22/2009 7:36:45 PM