Current

Topics in the Economics of Banking and Money (Thursdays, 17:00-19:30, room E1-2.18)

Syllabus
Readings for this course:
- Week 1: Motivation and introduction to the economics of banking; brief history of the evolution of banking and financial markets; math review of constrained optimization theory [handout1; handout2]
- Week 2: Consumption and savings decisions over time, uncertainty, and attitudes towards risk [handout3]
- Week 3: General equilibrium under uncertainty: Arrow-Debreu financial markets [handout4]
Grades: [soon]

Other media related to International Trade: Charlie Rose's debate about NAFTA with James Goldsmith and Laura Tyson; Paul Krugman Prize Lecture; Russ Roberts on Smith, Ricardo, and Trade
Readings for my part of this course:
- Week 1: Pure exchange and Ricardian models [handout1; handout2; chapter 3]; additional readings:
  - What Do Undergrads Need to Know About Trade?, Paul Krugman (1993)
  - Putting Ricardo to Work, Jonathan Eaton and Samuel Kortum (2012)
- Week 2: Implications and extensions of the Ricardian model, the specific factor model [handout1; handout2; handout3; chapter 3 and chapter 4]; additional readings:
  - Tariffs and the Distribution of Income: The Importance of Factor Specificity, Michael Mussa (1974)
  - Lecture video of Ronald Jones on the specific factor model and Trade theory
Grades: quiz1