Uci-Sum II 2019 +E13+Syllabus PDF

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ECON 13 / IS 13 GLOBAL ECONOMY1 UC IRVINE, Summer 2019 Course Code: 62020/64040 Time: MW 4:00 – 6:50 AM Place: SSL 140 Website: Canvas

Instructor: George Sarraf

TAs: Taylor Mackay

Email: [email protected]

[email protected]

Office: SSPB tba Office Hours: W 7:00 – 8:30pm

Required Textbook: Global Economy. 2nd Edition. Cognella publishing. ISBN: 9781516518838. To order visit www.cognella.com or call 1800.200.3908 Course Description: This course is structured to serve primarily the International Studies major, as it is part of the International Studies major core sequence that focuses on economics. The two main objectives of the course are (i) to introduce you to some basic Economics concepts and (ii) to acquaint you with the fundamental patterns of the global economy. The course will also emphasize how the rest of the world lives and how the global economy functions. Lectures: Lectures are designed to clearly explain the concepts covered in the handouts and how they apply to real world situations. Students are responsible for any announcements made in class during lectures. Outlines of the lecture notes will be made available to students prior to class on the course website on canvas. Discussion Sections: Due to the large class size there will not be enough time to adequately address all questions you may have during the lectures. Attending discussion sessions is essential for mastering the 1

Syllabus is subject to change as required by unforeseen situation(s).

concepts learned during lecture. You will review important concepts and get help in completing homework assignments. You will also get the opportunity to earn 10% towards your total score. Discussions’ schedule is available on http://websoc.reg.uci.edu/perl/WebSoc

Homework: Homework assignments will be posted on the course website at least one week before the due date. There will be 2 main homework assignments, each one is meant to help you prepare (along with other materials) for the exams. Late submission of homework will not be accepted. You are required to submit a hard copy of your homework. Homework emailed to me or your TA will not be graded. It’s important to write down your TA’s name on all homework, otherwise it will not be graded. Instruction on how to submit your homework will be provided. Exams: There will be one midterm and one final. Practice questions for both exams will be posted on canvas. These will include attempted solutions for homework questions but will extend to include more questions in order to help you prepare for the exams. You will also need to go over the textbook and lecture notes to well prepare for the exams. If you miss the midterm for a legitimate reason (you’ll be required to show a proof. e.g. if you have a medical reason, you’ll have to provide a medical note), then the midterm weight will be put on your final exam. There will be no alternate/make-up midterms under any circumstances. Please make any travel or other plans around the posted dates and times. Scores will be posted throughout the term on canvas. If you find any problem with your score, you must inform the instructor within 24 hours from the time your score is posted. After the 24 hours window, scores will not be reviewed. Grading Breakdown: Midterm 35% Final 40% Homework 15% Discussions 10%

Your grade will be determined on the following scale. NOT on a curve.

A+: 96%

B+: 84%

C+: 72%

D+: 60%

A: 92%

B: 80%

C: 68%

D: 56%

A-: 88%

B-: 76%

C-: 64%

D-: 52%

Cheating: Obviously, cheating is absolutely not tolerated. Cheaters automatically receive an “F” and are subject to additional sanctions. Talking during exams is considered evidence of cheating. The use of electric and electronic devices (for example, graphing calculators or cell-phones) is not allowed during exams. Plagiarism constitutes cheating as well.

COURSE OUTLINE TOPIC

Required Readings

WEEK Introduction and Syllabus Week 1

Week 1

The interconnected economy Overview of the global economy. Globalization: a blessing or a curse

Ch. 1: Interconnected Economy. Article: Is EU’s End Near Article: U.K. Economy since Brexit

Demand & Supply

Ch. 2: Demand and Supply

GDP

Ch. 3: The Macro Perspective Article: World Bank GDPs 2016

Unemployment

Ch. 4: Unemployment Article: U.S. Unemployment Rate Falls to 10 Year Low

Inflation

Ch. 5: Inflation Article: US inflation Greek tension in focus Article: Few in Venezuela Want Bolivars

Week 1

Week 1

Week 2

Week 2

Week 2

Homework 1 Due on Aug 21st -- first 10 min of class

Week 3

Midterm Aug 21st. Exam covers Ch. 1, 2, 3, 4 & 5 + related articles

Week 3

Growth International Business

Ch. 6: Economic Growth Articles: Intangible wealth – Promoting human capital – BRICS seek larger role

International Trade

Ch. 8: International Trade Articles: Trouble with Trade – US China trade issues – Americans sour on trade – China market economy status

Globalization

Ch. 9: Globalization and Protectionism Articles: Trump is Getting Tough on Trade with China – Economic view of globalization – Desperate Note from Chinese Sweatshop Worker

International Finance

Ch. 10: Exchange Rate and International Capital Flows Articles: Currency wars a fight to be weaker – Are currency wars looming in Asia – Weak Euro offers hope for corporate Europe

Week 4

Week 4

Week 5

Week 5: No class Sep 2nd (Labor Day) Externalities Week 5

Ch. 11: Environmental Protection and Negative Externalities Articles: Ranking Countries in Air Pollution Articles: One answer to global warming th Homework 2 is due Sep 9 -- first 10 min of class Final Exam Mon Sep 9th

Exam covers Ch. 6, 7, 8, 9, 10 & 11 + related articles...