Details Exchange across international boundaries, theory of comparative advantage, balance of payments and adjustments, international financial movements, exchange rates and international financial institutions, trade restrictions and policy. I split this course into three components: (i) Trade Theory - using the older models to highlight the gains from trade and potential ambiguity of labor market outcomes; (ii) Trade Policy - shifting away from the extremes of autarky and free trade to varying degrees of trade openness through tariff adjustments and import quotas; and (iii) Global Finance - providing a broad understanding of exchange-rate movements and associated monetary policy.
Details The economics of multinational enterprises examines why firms expand across borders, how they organize production internationally, and how public policy shapes those decisions. I split this course into three components: (i) Trade Costs and Multinational Formation - studying why firms serve foreign markets through exporting, licensing, or foreign direct investment; (ii) Global Production and Firm Strategy - examining horizontal and vertical FDI, international sourcing, and the organization of production across countries; and (iii) Policy and Corporate Responsibility - considering international taxation, profit shifting, environmental and social responsibility, and the broader consequences of multinational activity.
Details International finance examines the determination of exchange rates, international capital movements, and the financial decisions of firms operating across borders. I split this course into three components: (i) Exchange Rates and Open-Economy Macroeconomics - developing the tools needed to understand exchange-rate movements, balance-of-payments adjustment, and monetary policy; (ii) International Financial Management - studying currency exposure, hedging, the international cost of capital, and cross-border investment decisions; and (iii) Global Financial Markets and Policy - examining reserve management, financial institutions, crises, and current developments in international markets.
Details This class covers topics of international trade theory, trade policy, and global financial markets. The class is broadly intended to be a review of the prevailing literature across a wide array of topics.
Exchange across international boundaries, theory of comparative advantage, balance of payments and adjustments, international financial movements, exchange rates and international financial institutions, trade restrictions and policy. I split this course into three components: (i) Trade Theory - using the older models to highlight the gains from trade and potential ambiguity of labor market outcomes, (ii) Trade Policy - shifts us away from extremes of autarky and free trade to varying degrees of trade openness through tariff rate adjustments and import quotas, and (iii) Global Finance - provides a broad understanding of exchange rate movements and associated monetary policy.
This course introduces the statistical techniques that help economists learn about the world using data. Using calculus and introductory statistics, students will cultivate a working understanding of the theory underpinning regression analysis - how it works, why it works, and when it can lead us astray.
In EC 607 II, I conducted labs and guided 1st year PhD students through homework solutions. In the next term, EC 607 III required me to teach these same 1st years how to use `R`.
Applications of economic theories and empirical methods to globalization issues: market integration of goods and factors, international labor and environmental standards, economic growth and income inequality, financial stability, global governance.
Economist's perspective of multinational corporations. Explores the policies governments use to influence corporate behavior and patterns of investment; taxation as a tool for implementing public policy.
Application of classical statistical techniques of estimation, hypothesis testing, and regression to economic models. Includes laboratory section in Social Science Instructional Laboratory which teaches students how to code in R and prepare basic econometric analyses.