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EC 407 International Trade & Finance
Bell, Stephen E.


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

FA 2011 HOZ

Faculty

Bell, Stephen E.

Title

Associate Professor of Economics/Attorney at Law

Degrees/Certificates

Ph.D. of Economics-University of Arkansas
J.D. UMKC School of Law

Office Location

Room 27, MacKay Hall

Office Hours

MWF 7:30-9:00am and TR 8-10am

Daytime Phone

816-584-6867

E-Mail

Stephen.Bell@park.edu

Semester Dates

August 15-December 9, 2011

Class Days

Independent study

Class Time

to be determined

Prerequisites

EC 141, 142, 300

Credit Hours

3


Textbook:

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

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/.


Course Description:
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

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:

Mid-term 200 pts.
Chapter Summaries  160 pts. (10 pts.per chapter)
Comprehensive Final  300 pts.
 

Grading:

90%-100%=    A
80%-89%=      B
70%-79%=      C
60%-69%=      D
Below 60%=    F

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.

Course Topic/Dates/Assignments:
First 8 weeks- each week the student will hand in a chapter summary (1-2 pages in length for the following chapters:
Chapter 1, 2, 3 (pages 37-42 only), 6(pages 95-99 and pages 102-105 only), 10 (pages 169-174 only), 11, 12, 13.
Week 9-Mid-term exam
Last 7 weeks- each week the student will hand in a chapter summary (1-2 pages in length for the following chapters:
Chapter 14 (pp. 245-256 only), 15,16, 17, 18, 24 (pp. 489-496), 19 (pp.353-356), 19 (pp. 411-425), and 23.
Week 15-Comprehensive Final

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2010-2011 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. from Park University 2010-2011 Undergraduate Catalog Page 92-93

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.

Park University 2010-2011 Undergraduate Catalog Page 95-96

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:5/23/2011 9:40:40 AM