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EC 407 International Trade & Finance
Ellis, Lana J.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

EC 407 International Trade & Finance

Semester

U1T 2010 DL

Faculty

Lana J. Ellis, Ph.D., J.D.

Title

Adjunct Faculty

Degrees/Certificates

M.A., Ph.D., University of Missouri-Kansas City
J.D., Seattle University School of Law
M.B.A., Rockhurst University

Daytime Phone

913.787.4644

E-Mail

lana.ellis@park.edu

Semester Dates

June 7, 2010 - August 1, 2010

Class Days

Online

Class Time

Online

Prerequisites

EC141, EC142, and EC300

Credit Hours

3


Textbook:
Caves, Frankel, and Jones. World Trade and Payments: An Introduction, 10th ed. ISBN: 0-321-22660-7

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

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.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
EC407 International Trade and Finance: The course entails an examination of trade theory, commercial policy and selective trade problems of global economics; an investigation of the nature of international payments, balance of payments and foreign exchange markets; a study of international monetary arrangements and their adjustment mechanisms.Prerequisites: EC141, EC142 and EC300. 3:0:3

Educational Philosophy:
I believe that education is an interactive process in which my role is to help guide students as they develop substantive knowledge and critical thinking skills. In addition to providing opportunities for students to present their own ideas directly, I employ a soft Socratic method to encourage lively exploration of ideas, issues, and contradictions.

Learning Outcomes:
  Core Learning Outcomes

  1. Use the graphical, trade-triangle model to explain import and export flows.
  2. Explain how protectionism affects international trade.
  3. Explain how national savings determines the trade deficit, regardless of the level of protectionism.
  4. Explain how international cartels affect international trade.
  5. Explain how the devaluation of domestic currency affects the trade balance when exchange rates are fixed versus when they are floating.


Core Assessment:

Write a paper that explains that examines the relationship between comparative trade advantage and import and export flows. Examine the relationship between international trade and protectionism. Estimate the real impact of protectionism on international trade and suggest other components ofthe exchange process that might have a greater impact. Analyze the effects ofcartel formation on international trade and relate those effects to any form ofeconomic concentration. Examine the effects of a devalued domestic currency on the trade balance when exchange rates are floating and when they are fixed.

Link to Class Rubric

Class Assessment:

Research Paper - For this course, the core assessment is a research paper worth 20 percent of the student's final grade. This paper will assess students' mastery of Core Learning Outcomes. Students shall write a paper that: 1) Explains the relationship between comparative trade advantage and import and export flows; 2) Examines the relationship between international trade and protectionism; 3) Estimates the real impact of protectionism on international trade and suggest other components of the exchange process that might have a greater impact; 4) Analyzes the effects of cartel formation on international trade and relate those effects to any form of economic concentration; 5) Examine the effects of a devalued domestic currency on the trade balance when exchange rates are floating and when they are fixed.

Discussions - You need to participate in the weekly discussion threads. In addition to your own posting on the subject matter, please comment on at least two postings of your peers in order to receive full credit for the discussion. Each weekly discussion is worth 15 points and although it does not sound like much, six of them together amass for 90 points. This is a big chunk of your grade! YOU DO NEED TO POST AT LEAST THREE MESSAGES EACH WEEK EVEN THOUGH YOU CAN LOG IN ONLY ONCE. THERE IS NO MAKE UP POLICY FOR THE THREADED DISCUSSIONS. Course Participation includes participation in the Conference Area threaded discussions. A detailed grading rubric can be found in Doc Sharing.

Quizzes - will be assigned in each week during the course except for week four and week eight. Students shall complete the weekly quiz by midnight on Sunday each week.

Homework - will be assigned during the course for each week. Homework will be due by midnight on Sunday each week. Homework is intended to prepare the student for the final exam. A detailed grading Rubric can be found in Doc Sharing.

Final examination - All final exams will be comprehensive and will be closed book and closed notes. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Associate Dean.

A comprehensive examination will be taken in person during the 8th week of instruction. If you are within an hour's drive of a Park University Campus, a proctor from that campus will be provided for you. If you are not within an hour's drive of a Park Campus, the Proctored Final must be taken at an alternative location that is approved by the University. In this case, the student must arrange for a proctor who is accepted and approved by the instructor. Guidelines for selecting an acceptable proctor can be found at the Park University website.

Grading:

Course Participation       90 pts. Weekly
Homework                      120 pts. Weekly
Quizzes                           180 pts. Weekly
Mid-term Exam               110 pts. Week 4
Term Paper                     200 pts. Week 7
Final Exam                      300 pts. Week 8
TOTAL                         1000 pts.

The final grade for students in the course will be based on the overall average of the assignments taken during the course. 

Grading Scale:   A = 90-100, B = 80-89, C = 70-79, D = 60-69, F = 0-59.

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:
Assignments must submitted at the time they are due in order for students to receive credit. I do not grant incomplete grades except in exceptional circumstances such as family, medical, or legal emergencies. These emergencies must be documented.

Course Topic/Dates/Assignments:


Week 1
Readings
Read Chapters 1, 2 and 3
Weekly Lecture
Web resource: The Ricardian Model of Comparative Advantage
Article: Nature and strategy of product innovations in SMEs: A case study-based comparative perspective of Japan and India
Article: Unattractive Union
Activities
Discussion (15 points) Participate in the weekly discussion thread. Initial post and two responses to peers due Sunday midnight CT.
Homework (20 points) Complete weekly homework by Sunday midnight CT. Submit homework to the Dropbox.
Quiz (30 points) Take weekly Quiz by Sunday midnight CT.
Term Paper (200 points) Review Term Paper requirements.

Week 2

Readings
Read Chapters 4, 7 and 8
Weekly Lecture
Web resource: Comparative Advantage
Article: U.S. Comparative Advantage in Bioenergy: A Heckscher–Ohlin–Ricardian Approach
Article: Toward a New Developmental Paradigm for Latin America
Activities
Discussion (15 points) Participate in the weekly discussion thread. Initial post and two responses to peers due Sunday midnight CT.
Homework (20 points) Complete weekly homework by Sunday midnight CT. Submit homework to the Dropbox.
Quiz (30 points) Take weekly Quiz by Sunday midnight CT.

Week 3
Readings
Read Chapters 10, 11 and 12
Weekly Lecture 
Web resource: International Trade Administration
Article: Insuring Against Private Capital Flows: Is It Worth the Premium? What Are the Alternatives?
Article: Capital Movements and the Political Economy of Trade Policy
Activities
Discussion (15 points) Participate in the weekly discussion thread. Initial post and two responses to peers due Sunday midnight CT.
Homework (20 points) Complete weekly homework by Sunday midnight CT. Submit homework to the Dropbox.
Quiz (30 points) Take weekly Quiz by Sunday midnight CT.

Week 4
Readings
Web resource: International Monetary Fund
Article: Dispelling Some Misconceptions about Agricultural Trade Liberalization
Activities
Open-Book Midterm Exam (110 points) - Submit your Midterm by midnight Sunday through the Dropbox.

Week 5

Readings
Read Chapters 13 and 14
Weekly Lecture 
Web resource: http://djsilverfish.wordpress.com/tag/anti-wto/ (this is somewhat radical anti-WTO blog site, please review with discretion and with an appropriate critical view)
Article: Globalization, empire and natural law Article: The Impact of WTO Law on European Food Regulation
Activities
Discussion (15 points) Participate in the weekly discussion thread. Initial post and two responses to peers due Sunday midnight CT.
Homework (20 points) Complete weekly homework by Sunday midnight CT. Submit homework to the Dropbox.
Quiz (30 points) Take weekly Quiz by Sunday midnight CT.

Week 6

Readings
Read Chapters 15, 16 and 21
Weekly Lecture 
Web resource: Balance of Trade
Article: Mexico: Balance Of Payments Concerns in 2009
Article: De-Dollarisation Not An Option
Activities
Discussion (15 points) Participate in the weekly discussion thread. Initial post and two responses to peers due Sunday midnight CT.
Homework (20 points) Complete weekly homework by Sunday midnight CT. Submit homework to the Dropbox.
Quiz (30 points) Take weekly Quiz by Sunday midnight CT.

Week 7

Readings 
Read Chapters 19 and 23
Weekly Lecture 
Web resource: Economist Intelligence Unit
Article: The Fed's Entangling Alliance
Article: Government Monetary And Exchange Rate Policy
Activities
Discussion (15 points) Participate in the weekly discussion thread. Initial post and two responses to peers due Sunday midnight CT.
Homework (20 points) Complete weekly homework by Sunday midnight CT. Submit homework to the Dropbox.
Quiz (30 points) Take weekly Quiz by Sunday midnight CT.
Term Paper (200 Points) - Submit your Core Assessment Term Paper to the Dropbox by Sunday midnight CT.

Week 8
Activities
There are no readings this week
Proctored Final Exam

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2009-2010 Undergraduate Catalog Page 92

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2009-2010 Undergraduate Catalog Page 92

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2009-2010 Undergraduate Catalog Page 95

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: http://www.park.edu/disability .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluation: Judge the relative worth of information based on prior knowledge                                                                                                                                                                               
Outcomes
2, 5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Provided 5 or more comparisons regarding macroeconomic theoretical concepts and presented them in a logical manner. Provided 3 to 5 comparisons regarding macroeconomic theoretical concepts and presented them in a logical manner. Provided 1 to 3 comparisons regarding macroeconomic theoretical concepts. Provided no economic comparisons regarding macroeconomic theoretical concepts. 
Synthesis: Incorporate parts of an issue to arrive at an appropriate solution.                                                                                                                                                                             
Outcomes
2, 3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Applied detailed course content to answer the question and presented the steps in a logical manner. Applied adequate course content to answer the question and presented the steps in a logical manner. Applied minimal course content to answer the question. Applied no course content to answer the question. 
Analysis: The ability to understand the component parts of information and its organization                                                                                                                                                                
Outcomes
1, 5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Identified  at least 5 theoretical components and flawlessly analyzed macroeconomic concepts from the course content to answer the question. Identified 3 to 5 theoretical components and adequately analyzed macroeconomic concepts from the course content to answer the question. Identified 1 to 3  theoretical components and minimally analyzed macroeconomic concepts from the course content to answer the question. Did not identify any theoretical components and provided no analysis of macroeconomic concepts to answer the question. 
Application: Use principles from the discipline as they relate to the Core Learning Outcomes.                                                                                                                                                              
Outcomes
1,2, 3, 4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Exhibits thorough knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits moderate knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits minimal knowledge of the course content in the use of macroeconomic principles to answer the question. Exhibits no evidence of knowledge of the course content. 
Disciplinary Competence: appropriate use of terminology.                                                                                                                                                                                                   
Outcomes
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Uses terminology flawlessly to compose responses to questions.

No more than 3 errors
 
Uses terminology adequately to compose responses to questions.

No more than 7 errors
 
Uses terminology minimally to compose responses to question.

No more than 10 errors
 
Uses no terminology to compose responses to question.

More than 10 errors
 

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Last Updated:5/24/2010 2:33:43 PM