1. Contact Information
  2. Prerequisites
  3. Course Description and Credit Hours
  4. Required Texts
  5. Course Objectives
  6. Student Learning Outcomes
  7. Other Course Materials
  8. Outline Of Topics
  9. Exams and Assignments
  10. Grading Policy
  11. Policy on Missed Exams and Coursework
  12. Attendance Policy
  13. Notification of Changes
  14. Custom Sections
  15. Statements on Academic Misconduct
  16. Statement On Disability Accommodations
  17. Severe Weather Protocol
  18. Pregnant Student Accommodations
  19. Religious Observances
  20. UAct Statement

International Trade

EC 430-001Spring 2022 | 3 Credit Hours

Lecture

Paul Pecorino

Contact Information

UA Campus Directory:

Prerequisites

UA Course Catalog Prerequisites:

EC 308 or EC 310

A grade of C- or higher in EC 308

Course Description

Course Description and Credit Hours

No description found

Required Texts

Required Texts from UA Supply Store:
  • ACCESS GRANTED DIGITAL MATERIALS / EC 430/530 ACCESS GRANTED PROGRAM (KRUGMAN/INTERNATIONAL ECONOMICS) (Required)

International Trade: Theory and Policy, 11th ed., by Krugman, Obstfeld and Melitz.

By default you will have access to an electronic version of the text via Blackboard. You can opt out of the electronic textbook if you so choose.

Student Learning Outcomes

By the end of this course you will understand the principles underlying international trade, while obtaining a mastery over some basic models. This will enable you to evaluate the effects of trade policy and more critically analyze arguments for and against protection. This course will also provide a foundation for more advanced study in international trade.

Other Course Materials

Outline of Topics

Exams and Assignments

EC430

Course Paper: You will be asked to prepare one 4-6 page paper. The paper will be graded on a 100 point basis. Further details on the paper are provided on a separate handout.

Use of Turnitin: The University of Alabama is committed to helping students uphold the ethical standards of academic integrity in all areas of study. Students agree that their enrollment in this course allows the instructor the right to use electronic devices to help prevent plagiarism. All course materials are subject to submission to Turnitin.com for the purpose of detecting textual similarities. Assignments submitted to Turnitin.com will be included as source documents in Turnitin.com’s restricted access database solely for the purpose of detecting plagiarism in such documents. Turnitin.com will be used as a source document to help students avoid plagiarism in written documents.

Examinations: There are three midterm exams and a two-part final. Part 1 of the final is a fourth exam while part 2 is a mandatory make up/optional exam. Each exam will each contain 105 points worth of questions. Thus, there are 5 “extra” points available on each exam. Everyone must take part 1 of the final. Part II is a comprehensive exam covering material from exams 1-3. This serves as the mandatory make-up exam for anyone who missed any of the first three exams for any reason. In addition, other students may use this exam to replace their lowest score from exams 1-3. The score from part I of the final cannot be replaced. If the part 2 score is lower than all of the exam 1-3 scores, it will not count. Thus taking part 2 of the final cannot lower a student's midterm average. After the substitution (if any) from part 2 of the final, you will have three scores which will be used to determine your midterm average. For students who miss a midterm, part 2 of the final will replace the missing score. There will be no early midterm exams. 

Homework and Class Participation: You may earn a maximum of 2.5 points based on your diligence in doing the homework assignments and a maximum of 2.5 bonus points based on your positive classroom participation. These bonus points directly increase your final average.

  1. Homework: Knowledge of the homework is essential in doing well on the exams. Problems will be assigned and collected on a weekly basis. Your work will be returned with an answer key (no homework = no answer key), and will be evaluated on a scale from -1 to 1.25. A grade of 0 indicates a lack of adequate effort on the homework and does not contribute towards an award of bonus points. A failure to hand in your homework indicates no effort and will earn a score of -1. Bonus points are earned through your average homework score: Bonus Points = 2.5*HWAVG up to a maximum of 2.5. If your homework average at the end of the semester is less than or equal to zero, your will earn zero bonus points for both homework and class participation.

Late homework will receive a 0 at maximum (but you may still receive an answer key). Homework handed in after 4:45 P.M. on the day it is due is considered late. On a maximum of two occasions during the semester, you may hand in your homework by 9:00 AM on the day after the due date without it being considered late. Excessive absence will detract from your ability to earn bonus points via your homework performance. See below under class participation.

Feel free to get together with other students to discuss homework problems, but you must write up the homework on your own. If you copy the homework from another student, both students will receive zero bonus points for both homework and class participation. Also, if you dig up old homework answer keys and copy answers, you will get zero bonus points for both homework and class participation.

Note: The answer key provides model answers for the homework problems. You should always check the key when you get the homework back, regardless of what grade you received on the homework.

  1. Class Participation: Positive classroom participation includes asking pertinent questions in class and answering questions posed to the class. Attending class is very important, but attendance is not positive participation and will not earn you bonus points by itself. Negative classroom participation such as frequent absences, lateness, private conversations and any other disruptive activity can lead to a reduction in bonus points awarded. In particular, your 3rd absence will reduce the maximum bonus points awarded by 1, and your 4th and 5th absence will reduce the maximum bonus points by 2 points each. Thus, if you are absent 5 times or more, you will receive no bonus points for either homework or class participation. There are no excused absences for the purpose of this policy. Any type of disruptive activity may lead to a loss of bonus points whether they were to be awarded for homework or classroom participation. Cell phones should be in silent mode and out of sight during the lecture. Laptops can be used for note taking only.

  2. Some Aspects of this Policy: You can receive a maximum of five points under this policy and a minimum of zero. These are truly bonus points in that a failure to receive points under this policy will not detract from your grade as determined by your test performance. There are no other opportunities for "extra" points in this class. There will be no rounding. If you need .1 points for the next higher grade, but are awarded 0 points under this policy, you will not get the next higher grade.

EC540

Examinations, Papers and Grading: There will be three mid semester exams and a comprehensive final. In addition, you will be asked to prepare a 12 to 15 page course paper. Further details on the paper are provided on a separate handout. The midterms have a weight of 18% each, the final a weight of 28% and the paper a weight of 18% in determination of your final average. The exams will contain 105 points each and while the paper will be graded on a 100 point basis. Your grade will be determined by your final average on the scale where 90 or above is an A and less than 60 is an F.

Students who miss a midterm exam and have a legitimate excuse (provide documentation) will have the weight of their final adjusted accordingly. Any conflict with the exam dates should be reported to me immediately. There will be no early midterm exams.

Homework: Knowledge of the homework is essential in doing well on the exams. Problems will be assigned and collected on a weekly basis. You must turn in all assignments. Your work will be returned with an answer key and will be graded with either a check, a check minus, or a 0. A check indicates adequate effort as judged by the grader. Check minus denotes an inadequate effort and a 0 means that the homework was not handed in. Late homework will receive a check minus at most (but you may still receive an answer key). Homework handed in after 4:45 P.M. on the day it is due is considered late. On a maximum of two occasions during the semester, you may hand in your homework by 9:00 AM on the day after the due date without it being considered late. You must hand in all homework and receive a check on 9 of the 11 assignments to receive an A in the course.

Feel free to get together with other students to discuss homework problems, but you must write up the homework on your own. If you copy your homework from another student or allow your homework to be copied by another student, you will automatically be considered to have failed to meet the requirement above for an A and you will be disqualified from receiving bonus points for class participation. The same penalties apply if you dig up old homework answer keys and copy answers from them.

Note: The answer key provides model answers for the homework problems. Always check the key when you get the homework back.

Class Participation: You may receive a maximum of three bonus points added to your final average based on your classroom participation. Positive classroom participation includes asking pertinent questions in class and answering questions posed to the class (i.e., positive participation is more than just attending class). Negative classroom participation such as frequent absences, lateness, private conversations and any other disruptive activity can lead to a reduction in bonus points awarded. In particular, your 3rd absence will reduce the maximum bonus points awarded by 1 point, and your 4th absence will reduce the maximum bonus points by 2 additional points. Thus, if you are absent four times or more, you will receive 0 bonus points for class participation. There are no excused absences for the purpose of this policy. Any type of disruptive activity may lead to a loss of bonus points. Cell phones should be in silent mode and out of sight during the lecture. Laptops can be used for note taking only.

Grading Policy

Your final average = 0.70*Midterm Avg. + .18*Final Part 1 + 0.12*Paper + Bonus Points. See below for information on how the components of your final average are determined. Your course grade is determined by your final average on a scale where 90 or above is an A and less than 60 is an F.  In addition, passing grades are modified in each grade range so that grades falling within [0,3) receive a '-' and those within [7,10) receive a '+'. For example, 90 is an A-, 87 is a B+ and 82.9 is a B-.

Notes:

  1. There is no rounding of your final average. For example, 82.9 is a B-, not a B.

  2. Exams scores will not be curved.

  3. Your intention to graduate will not factor into your course grade.

Policy on Missed Exams and Coursework


EC430

Part II of the Final is a comprehensive exam covering material from exams 1-3. This serves as the mandatory make-up exam for anyone who missed any of the first three exams for any reason.

EC540

Students who miss a midterm exam and have a legitimate excuse (provide documentation) will have the weight of their final adjusted accordingly. Any conflict with the exam dates should be reported to me immediately. There will be no early midterm exams.

Attendance Policy

Attendance is expected. Students are responsible for all lecture material, including all in class announcements. Also, see below under the bonus point policy.

Notification of Changes

The instructor will make every effort to follow the guidelines of this syllabus as listed; however, the instructor reserves the right to amend this document as the need arises. In such instances, the instructor will notify students in class and/or via email and will endeavor to provide reasonable time for students to adjust to any changes.

Final Notes

  1. Expect approximately 2 lectures of class time per chapter. Do not fall behind, and contact me for help if you need it (and do not just wait until right before exams to do so!).

  1. By staying in this class, you are agreeing to abide by the rules spelled out in this syllabus. These rules are not negotiable. I will not discuss any renegotiation of the rules, and I will not entertain "needs" based discussions of your grade.

Study Tips

There is no formula that can absolutely guarantee success in this class. However, doing the right things substantially raises the probability that you will experience a favorable outcome. I will divide these tips into two sections. The first section includes things that everyone should be doing. The second section includes tips for those who feel they may struggle in this class or for those who (later in the semester) find that they actually are struggling or for those who just really want to maximize what they get out of this course.

For All

  1. Come to every class: Sometimes absences are unavoidable, but the vast majority are discretionary. Is it possible to “recreate” the lecture for yourself outside of class? Yes, but (i) this takes more time and energy than actually coming to class and (ii) the overwhelming majority of students who skip class do not have the self-discipline to do this. Thus, come to class.

  2. Pay attention and take good notes: It is not easy to focus on a 75 minute lecture that is often quite technical in nature, but that is your job, so just do it. Coming and not paying attention is pretty much the same as not coming.

  3. Take the homework seriously: The purpose of the homework is to give you practice for the exams. If you don’t take it seriously, you will not be getting the needed practice. This is not a spectator sport. You have not learned the material if you cannot do the problems. It is OK if you can’t get a problem right the first time (i.e., on the homework), but you need to be able to get it right on the exam.

  4. When you get the homework back, compare your answers to the key. If there is stuff on the key you don’t get, please contact me. A day or so later, rework problems you got wrong without looking at the key. If you cannot get the problem correct at this point, contact me to get help working that problem type. If you do successfully rework the problem, use the study guide to provide a “fresh” problem of the same type that you can try.

  5. Seriously work the study guide problems ahead of the out of class review. The review for the midterms will consist of videos of me going over the study guide. If you did a study guide problem incorrectly, and are unable to “get” it, seek help. This help could be from a classmate, but if that does not work, contact me.

Don’t memorize the answers to study guide problems, rather come to understand the diagrams and how to attack the problems. With few exceptions, study guide problems are not repeated verbatim on the test. Exceptions only occur because some questions cannot effectively be altered. These constitute a small handful of all the questions which appear on the study guide.

 

The review for the final will be in class. There will be no video review for the final.

  1. Use the textbook to supplement the lecture. It can provide alternative takes on the material which may be useful if you are not understanding something I presented in class. If the text does not clear things up, then contact me.

For Some

  1. Read the text quickly prior to lecture (to give you a partial roadmap to the lecture) and again more carefully after the lecture. This gives you more exposure to the material and the alternative takes from the text may help you understand things you did not get in the lecture. Some lecture material is not reflected in the text and sometimes I take a different approach in the lecture. In these cases, the lecture is the guide. In many cases, however, there is considerable overlap between the lecture and the text.

  2. Review your class notes as soon as possible after class. If there are things you do not get, you can try and resolve this on your own by reading the text or talking to a classmate. However, if that does not resolve the problem, then contact me.

  3. Rewrite your notes, especially the diagrams. Rewriting notes is a really good way to absorb the material. The process may also reveal to you the things you are not getting. These need to be addressed either through using the text, talking with a classmate or contacting me. Redrawing diagrams is great practice. Make sure you understand why the diagrams look as they do. If you cannot understand why they are drawn a certain way, either consult the text, talk to a classmate or contact me.

Use of Turnitin

The University of Alabama is committed to helping students uphold the ethical standards of academic integrity in all areas of study. Students agree that their enrollment in this course allows the instructor the right to use electronic devices to help prevent plagiarism. All course materials are subject to submission to Turnitin.com for the purpose of detecting textual similarities. Assignments submitted to Turnitin.com will be included as source documents in Turnitin.com’s restricted access database solely for the purpose of detecting plagiarism in such documents. Turnitin.com will be used as a source document to help students avoid plagiarism in written documents.

Statement on Academic Misconduct

Students are expected to be familiar with and adhere to the official Academic Misconduct Policy provided in the Online Catalog.

Statement On Disability Accommodations

Contact the Office of Disability Services (ODS) as detailed in the Online Catalog.

Severe Weather Protocol

Please see the latest Severe Weather Guidelines in the Online Catalog.

Pregnant Student Accommodations

Title IX protects against discrimination related to pregnancy or parental status. If you are pregnant and will need accommodations for this class, please review the University’s FAQs on the UAct website.

Religious Observances

Under the Guidelines for Religious Holiday Observances, students should notify the instructor in writing or via email during the first two weeks of the semester of their intention to be absent from class for religious observance. The instructor will work to provide reasonable opportunity to complete academic responsibilities as long as that does not interfere with the academic integrity of the course. See full guidelines at Religious Holiday Observances Guidelines.

UAct Statement

The University of Alabama is committed to an ethical, inclusive community defined by respect and civility.  The UAct website (www.ua.edu/uact)  provides extensive information on how to report or obtain assistance with a variety of issues, including issues related to dating violence, domestic violence, stalking, sexual assault, sexual violence or other Title IX violations, illegal discrimination, harassment, hate or bias incidents, child abuse or neglect, hazing, threat assessment, retaliation, and ethical violations or fraud.

Statement on COVID-19

All University faculty, staff, and students are expected to maintain a commitment to the health and safety of our campus community. Due to the current COVID-19 pandemic, specific health and safety standards are in place to minimize exposure and community spread on campus. In the interest of your health and safety and that of all UA students, faculty and staff, the University reserves the right to change the mode of instruction or schedule of instruction at any time, based upon prevailing public health and other guidance. While the method of delivery may change, educational instruction and opportunities will continue. As such, the University will not provide a refund of tuition, in whole or in-part, based on any such changes. Detailed information on changes in format or schedule can be found at studentaccounts.ua.edu and financialaid.ua.edu.

UA students, faculty and staff are required to comply with University Spring 2022 Operations (https://healthinfo.ua.edu/news/university-spring-2022-operations/) guidance regarding face coverings and other measures.

Getting vaccinated is the best way to Protect Our Herd. COVID-19 vaccines are being administered by the University Medical Center, the Student Health Center and various businesses and healthcare providers.

Wellness Resources

College can be a stressful time

If you or someone you know is facing a challenging time or dealing with academic or personal stress, anxiety, depression, or other concerns, we strongly encourage and support you to seek assistance or to help friends find the care that they may need. Please refer to our Campus Resource List for Students.

Also, If you are experiencing a personal crisis and need urgent assistance, you can also contact the following resources:

Counseling Center

  • Monday-Friday during routine Center hours (205-348-3863).
  • Weekends, holidays, after-hours (contact UAPD at 205-348-5454 and ask to speak with the on-call counselor).
  • You may also text BAMA to 741-741 to text with a trained volunteer.

Women and Gender Resource Center

  • Monday-Friday during routine Center hours (205-348-5040).
  • Weekends, holidays, after-hours (contact UAPD at 205-348-5454 and ask to speak to the on-call advocate for the WGRC.