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MBA 507 International Economics
Ibe, James


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

MBA 507 International Economics

Semester

S1P 2012 DL

Faculty

Prof. James Ibe, Ph.D., CAE

Title

Professor of Economics and Marketing Management

Degrees/Certificates

MA, MBA; MS, Ph.D., CAE.

Office Location

Online: Shaw Air Force Base, SC. USA.

Office Hours

M-F: 11:00-12:00pm , EST

Daytime Phone

(803) 934-3240

E-Mail

james.ibe@park.edu

 jibel@usa.edu  

Web Page

http://profibe1.blogspot.com

Semester Dates

January 16-March 4, 2012

Class Days

Online

Class Time

Online

Credit Hours

3


Textbook:
Caves/Frankel/Jones, World Trade and Payments: An Introduction, (Addison-Wesley: 10th ed, 2007).

http://wps.aw.com/aw_caves_wtp_10/
http://www.mhhe.com/economics/econgk.mhtml (Drawing graphs)

Textbooks can be purchased through the MBS bookstore

Additional Resources:
Supplementary Reading Material
Business Periodicals (Magazines & Newspapers) On-Line:
1)
http://www.fortune.com
2) http://www.forbes.com
3) http://www.businessweek.com
4) http://www.wsj.com
5) http://www.nyt.com
6) http://www.usatoday.com
7) http://www.cnn.com
8) http://www.c-span.com

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.
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Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
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FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
MBA 507 International Economics: This course entails 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:
I believe that knowledge is best constructed rather than dispensed from authorities such as your professor. I actively seek to create a learner-centered classroom where learners fully participate in the discovery process and applications of the fundamental assumptions of the discipline. It is my experience that learners are most interested when they know the utility of the concepts and principles they are required to learn. Indeed, when the content is relevant and interesting, learners will learn even the most difficult material. It is my experience that learners learn best when difficult material is introduced through the learners’ strongest perceptual modality and then reinforced through supplementary modalities taking into account that most learners are visually oriented. Further, to ensure effective learning and retention, new information must be linked to prior knowledge and experiences using familiar examples and concrete symbols. I have also used cooperative and collaborative learning teams effectively. It my experience that regardless of the subject matter, learners working in collaborative and cooperative platforms tend to learn more quickly and retain the material longer than when the same content is presented in other instructional formats. Ongoing professional practice allows me to constantly bridge the gap between theory and industry practice.

Learning Outcomes:
  Core Learning Outcomes

  1. Explain import and export flows using the two-country trade-triangle graphical model.
  2. Discuss Heckscher-Ohlin, Stolper-Samuelson, and Factor-Price models in terms of empirical evidence.
  3. Show how protectionism including production subsidies, tariffs, quotas, and dumping affect international trade.
  4. Explain national savings determines the trade deficit, regardless of protectionism or other international trade factors.
  5. Describe how international cartels affect international trade.
  6. Explain how the devaluation of domestic currency affects the trade balance when exchange rates are fixed versus when they are floating.
  7. Write a formal report of the research findings related to International Trade and Finance.


Core Assessment:

Class Assessment:

At the end of the course the student will be able to:

  1. Explain import and export flows using the two-country trade-triangle graphical model.
  2. Discuss Heckscher-Ohlin, Stolper-Samuelson, and Factor-Price models in terms of empirical evidence.
  3. Show how protectionism including production subsidies, tariffs, quotas, and dumping affect international trade.
  4. Explain national savings determines the trade deficit, regardless of protectionism or other international trade factors.
  5. Describe how international cartels affect international trade.
  6. Explain how the devaluation of domestic currency affects the trade balance when exchange rates are fixed versus when they are floating.
  7. Write a formal report of the research findings related to International Trade and Finance.

Grading:
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.

Grading:

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.

Course Grading Scale:

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 2011-2012 Graduate Catalog Page 21

Plagiarism:

Plagiarism is 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 2011-2012 Graduate Catalog Page 21


Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a courserelated question, or using any of the learning management system tools.Park University 2011-2012 Graduate Catalog Page 25

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 .

Copyright:

This material is protected by copyright and can not be reused without author permission.

Last Updated:12/28/2011 1:05:38 AM