Most of the material in this course is based on cases. For some classes, however, we will rely on readings from two excellent books:
- [K] =
King, Philip G. International Economics and International Economic Policy: A Reader. 3rd ed. McGraw-Hill/Irwin, 1999. ISBN: 0-07-236069-0. - [E] = Eichengreen, Barry. Toward a New International Financial Architecture: A Practical Post-Asia Agenda. Institute for International Economics, 1999. ISBN: 0-88132-270-9.
Moreover, the professor has also prepared a list of optional / additional readings: These focus on the analytical material and often go beyond what we will cover in class. They are based on:
- [B] = Blanchard, Olivier. Macroeconomics. 3rd ed. Prentice Hall, 2002. ISBN: 0-13-067100-2.
- [DFS] = Dornbusch, Rudiger, Stanley Fisher, and Richard Startz. Macroeconomics. 7th ed. McGraw-Hill/Irwin, 1997. ISBN: 0-07-017985-9.
- [KO] = Krugman, Paul R., and Maurice Obstfeld. International Economics: Theory and Policy. 6th ed. Addison-Wesley Longman, 2002. ISBN: 0-201-77037-7.
- [M] = Mankiw, N. Gregory. Macroeconomics. 4th ed. Worth Publishers, 1999. ISBN: 1-57259-644-9.
In the table below, letters are followed by chapter numbers. For the lecture topics, "HBS" stands for the Harvard Business School case studies that were discussed in class.
| LEC # | TOPICS | READINGS | OPTIONAL READINGS |
|---|---|---|---|
| Basic Tools of Economic Management | |||
| 1 | Overview | ||
| 2 | HBS: The German Hyperinflation of 1923 | Moss, David A., and Julio J. Rotemberg. "The German Hyperinflation of 1923." Boston, MA: Harvard Business School, 1999. Case No. 9-798-048. |
Wells, Wyatt, and David A. Moss. "Note on Money and Monetary Policy." Boston, MA: Harvard Business School, 1997. Case No. 9-797-094. [B] 4, 9 [KO] 18 |
| 3 |
HBS: The Great Depression: Causes and Impact HBS: A Keynesian Cure for the Depression Fiscal Multiplier The Disinflation Spiral |
McCraw, Thomas K. "The Great Depression: Causes and Impact." Boston, MA: Harvard Business School, 1993. Case No. 9-391-258. McCraw, Thomas K., and Daniel Pope. "A Keynesian Cure for the Depression." In Rukstad, Michael G. Harvard Business School Case in Macroeconomic Decision Making in the World Economy. The Dryden Press, 1986. Case No. 9-382-065. |
[B] 3 [KO] 18 |
| 4 |
HBS: The Reagan Plan ISLM Notes Problem Set 1 |
Lodge, George C. "The Reagan Plan." Boston, MA: Harvard Business School, 2000. Case No. 9-381-173. |
[KO] 12 [B] 5, 19 [K] 16 |
| Development Strategies | |||
| 5 | HBS: Japan: The Miracle Years | Wells Jr., Louis T. "Japan: The Miracle Years." Boston, MA: Harvard Business School, 2002. Case No. 9-702-014. | [KO] 10 |
| 6 |
HBS: Singapore HBS: Accounting for Productivity Growth |
Reinhardt, Forest, and Edward Prewitt. "Singapore." Boston, MA: Harvard Business School, 1995. Case No. 9-793-096. Reinhardt, Forest. "Accounting for Productivity Growth." Boston, MA: Harvard Business School, 1994. Case No. 9-794-051. |
[KO] 10 |
| 7 |
HBS: Chile: The Latin American Tiger? HBS: Note on Exchange Rate Determination |
Kennedy, Robert E., and Teresita Ramos. "Chile: The Latin American Tiger?" Boston, MA: Harvard Business School, 1999. Case No. 9-798-092. Meerschwam, David M. "Note on Exchange Rate Determination." Boston, MA: Harvard Business School, 1985. Case No. 9-384-171. |
[KO] 10, 19 |
| Emerging Market Crises | |||
| 8 |
HBS: World to Mexico: Get a Grip HBS: The 1994-95 Mexican Peso Crisis |
Pill, Huw, and Courtenay Sprague. "World to Mexico: Get a Grip!" Boston, MA: Harvard Business School, 1997. Case No. 9-796-123. Froot, Kenneth A., and Matthew McBrady. "The 1994-95 Mexican Peso Crisis." Boston, MA: Harvard Business School, 1999. Case No. 9-296-056. |
[B] 21 (1-3) [KO] 17 |
| 9 | HBS: Menem and the Populist Tradition in Argentina | Di Tella, Rafael, and Eliseo Neuman. "Menem and the Populist Tradition in Argentina." Boston, MA: Harvard Business School, 2001. Case No. 9-700-061. |
[B] 21 (4) [KO] 22 |
| 10 | BBNN Notes and Review | ||
| 11 |
Articles Eichengreen, B. "Understanding Asia's Crisis" Eichengreen, B. "How Economists Understand Crisis?" |
|
[B] 23 [KO] 22 |
| Financial Crises and Contagion | |||
| 12 | HBS: Malaysia: Capital and Control | Abdelal, Rawi, and Laura Alfaro. "Malaysia: Capital and Control." Boston, MA: Harvard Business School, 2003. Case No. 9-702-040. | |
| 13 | Midterm (In Class, Closed Book) | ||
| Transition Economies and Africa | |||
| 14 | HBS: Russia - 1994 | Dyck, Alexander. "Russia - 1994." Boston, MA: Harvard Business School, 1996. Case No. 9-795-089. | |
| 15 |
HBS: China: Facing the 21st Century HBS: Transition to a Market Economy |
Kennedy, Robert E., and Katherine Marquis. "China: Facing the 21st Century." Boston, MA: Harvard Business School, 2002. Case No. 9-798-066. Kennedy, Robert E., and Amy L. Sandler. "Transition to a Market Economy: The Components of Reform." Boston, MA: Harvard Business School, 1999. Case No. 9-797-080. |
|
| 16 | HBS: Uganda and the Washington Consensus | Pill, Huw, and Courtenay Sprague. "Uganda and the Washington Consensus." Boston, MA: Harvard Business School, 2002. Case No. 9-798-047. | |
| Trade Issues | |||
| 17 |
Strategic Trade Policy HBS: Collision Course in Commercial Aircraft |
Yoffie, David B., and Eric J. Vayle. "Collision Course in Commercial Aircraft: Boeing-Airbus-McDonnell Douglas - 1991." Boston, MA: Harvard Business School, 1993. Case No. 9-391-106. | [KO] 11 |
| 18 |
The debate on Globalization Does Trade with Low Wage Countries Hurt American Workers? Integration of Trade and Disintegration of Production in the Global Economy Comparative Advantages |
Golub, S. "Does Trade With Low Wage Countries Hurt American Workers?" K 10 Feenstra, R. "Integration of Trade and Disintegration of Production in the Global Economy." K 11 |
[KO] 11 [KO] 2 |
| Challenges of the Developed Economies | |||
| 19 | HBS: Unemployment in France: Priority Number One | Moss, David A. "Unemployment in France: 'Priority Number One.'" Boston, MA: Harvard Business School, 1995. Case No. 9-795-064. | [B] 13 |
| 20 | HBS: European Monetary Union | Vietor, Richard H.K., and Sabina Ciminero. "European Monetary Union." Boston, MA: Harvard Business School, 2003. Case No. 9-799-131. | [KO] 20 |
| 21 | HBS: Social Security Reform | Kennedy, Robert E., and Brian P. Irwin. "Social Security Reform." Boston, MA: Harvard Business School, 1999. Case No. 9-799-011. | |
| 22 | HBS: Japan: Free, Fair and Global? | Vietor, Richard H.K., and Stephen Lynagh. "Japan: Free, Fair and Global?" Boston, MA: Harvard Business School, 1999. Case No. 9-798-083. | [B] 22 |
| 23 | International Financial Architecture | International Financial Architecture. E 2 | |
| 24 | HBS: The United States in 2001 | Pill, Huw. "The U.S. in 2001: Macroeconomic Policy and the New Economy." Boston, MA: Harvard Business School, 2002. Case No. 9-701-113. | [B] 25, 26 |