International Corporate Economics 752 (3 credits)
Executive MBA Program
Sheldon B. Lubar School of Business
University of Wisconsin - Milwaukee
EMBA Cluster 4: July 26, 2013 to October 5, 2013
INSTRUCTOR: Richard D. Marcus, Ph.D., Associate Professor & Chair of the Lubar Executive Committee
Ř Dick's Lubar School page: http://www4.uwm.edu/business/faculty/busfaculty/marcus.cfm
Ř Dick's Homepage: https://pantherfile.uwm.edu/marcus/www/
Ř Dick's EMBA bio page: https://pantherfile.uwm.edu/marcus/www/Bio2013.html
FACULTY OFFICE: Lubar Hall S430F
OFFICE HOURS: Fridays 11:00 AM - 12:30 PM. Office hours also will be available by appointment to allow for the greatest flexibility of schedules for the EMBA students.
PHONE: 414-229-4103 (faculty office) or 414-228-7731 (home)
MAILBOX: My faculty mailbox is located on the 4th floor of Lubar Hall.
TEXTBOOKS: James Gerber, International Economics, Pearson, 6th Edition, 2014; and Ralph W. Braun, Rise ABOVE, The Braun Corporation, 2013.
OBJECTIVE: Understand the basic forces in international trade and finance that play a crucial role in the international competitiveness of firms.
TESTS: There will be a take-home midterm given out on August 17 due on September 7; and there will be a talk-home final given out on September 28 and due on October 5. The midterm is worth 50% and the final is worth 50%.
CLASSROOM POLICIES: UWM has long-standing policies on academic misconduct, sexual harassment, discrimination, and changes of grade. These policies are available at: www.uwm.edu/~marcus/policies.html
SPECIAL NEEDS: If anyone has need for note-taking or test-taking assistance, please feel free to discuss this with me early in the session. Worked problems and old exams are available on Desire2Learn at http://d2l.uwm.edu/ using your UWM email name and password.
Class Schedule for International Corporate Economics 752
Friday, July 26 @ 2:15pm – The Global Economy and International Economic Institutions after 1944 (Gerber: Chapters 1 and 2).
Saturday, August 3 @ 10:45am – Comparative Advantage, Gains from Trade, and Factor Endowment – The Basic International Economic Trade Theorems (Gerber: Chapters 3 and 4).
Friday, August 9 @ 2:15pm – Beyond Comparative Advantage: Scale Economies, Monopolistic Competition, Tariffs, and Quotas (Gerber: Chapters 5 and 6). [Note: At 6:30pm August 12 in Lake Park near campus, Dick and his chorus sings a free "Monday in the Park" concert outside.]
Saturday, August 17 @ 10:45am - Trade Policies: Protectionist Commercial Policies, Labor Policies, and the Economics of Externalities (Gerber: Chapters 7 and 8). Take Home Midterm (Gerber: Chapters 1-8) Due on September 7.
Friday, August 23 – no international economics – three city barbershop concert tour with one in Milwaukee on Sunday August 25.
Saturday, September 7 @ 2:15pm – International Finance: Balance of Payments, Exchange Rates, and the Optimal Currency Area (Gerber: Chapters 9 and 10).
Saturday, September 13 @ 8am – Lessons from Rise ABOVE(Braun: Chapters 1-10).
Saturday, September 21 @ 10:45am – Open Economy Macroeconomics, US and Japanese Quantitative Easing Experiments, and Sources of International Financial Crises (Gerber: Chapters 11 and 12). [Note: Dick and his chorus will sing the National Anthem at the Brewer's game about 6pm September 21].
Friday, September 27 @ 2:15pm – Regional Issues in the Global Economy: NAFTA, EU, and, East Asia (Gerber: Chapters 13, 14, and 16).Take Home Final given out (Gerber: Chapters 9-14 and Rise ABOVE). Due on October 5.
Saturday, October 5 @ 8am - Wrap up discussion on final and Further Lessons from Rise ABOVE (Braun: Chapters 11- epilogue)