Introduction to the World Economy
KIMEP
Spring 2000
Syllabus
Class Hours: Wednesday and Friday, 9:00 to 10:15, Hall # 2
Required Text: A collection of Xeroxed readings will be supplied.
Supplementary materials will be distributed in class.
Instructor: Philip Leatherwood
Telephone: 64 05 91
Email: [email protected]
Office Hours: Tuesday and Wednesday, 14:00 to 16:00
Course Objectives and Description
This course will survey a broad spectrum of ideas and history within a central focus of the world economy. Trade theory will be examined with respect to its historical origins and its contemporary applications. We will discuss the interdependence of economics with religious ideas and politics. The contemporary world economy will be examined with a focus on international finance, economic transition, and economic development.
It is expected that students will take an active role in their experience of the course. The grade system is designed to encourage participation, and students should remind themselves that participation will enhance both their scores and their understanding.
Grading
Points are earned through a variety of activities, in class and out, as follows:
Final Exam up to 30 points
Quizzes up to 30 points
Portfolio up to 20 points
Dictation up to 20 points
Midterm Exam up to 15 points
Presentation up to 15 points
90 points are required for an A+
85 points are required for an A
80 points are required for an A-
77 points are required for a B+
73 points are required for a B
70 points are required for a B-
67 points are required for a C+
63 points are required for a C
60 points are required for a C-
57 points are required for a D+
53 points are required for a D
50 points are required for a D-
Introduction to the World Economy
Course Outline
I. History of Economics Ideas
Mercantilism
Physiocracy
Classical Market Theory
Marxism
Keynesian Economics
Monetarism
Neoclassical Economics
II. The Influence of Religion on Economics
Islam
Hindi
Buddhism
Hebrew
Christianity
III. Alternative Economic Systems
Capitalism
Communism
Socialism
IV. International Trade
Theory of Comparative Advantage
Exchange Rate Derivation
Purchasing Power Parity
V. Development
Growth theory and poverty evaluation
Prerequisites to wealth
World Development Efforts
Small is Beautiful—E.F. Schumacher
Mohatma Ghandi
VI. World Resources
Minerals and Oil
Agriculture
Technology
VII. The World Labor Market
Skilled vs. unskilled
Wage determination
Emigration and economic amnesty
VIII. International Finance
International Banking
Investment Flows
World Corporations
IX. Economic Transition
In History
In Kazakhstan