code: A7133      studiebelasting: 3 sp      periode: sem. 1
naam: Empirics of globalization
internet: homepage, rooster
opleiding/fase: econ/d23/profiel
voertaal: English
docent(en): drs. K.G. Berden, drs. J.A. Schmidt
contactpersoon: drs. J.A. Schmidt
secretariaat: AE/Ie&ba
aanmelding: at secretariat AE/ie&ba
toelatingseisen: -
aanbevolen: -
onderwijsvorm: lectures, with student participation, 2 hours a week
tentamenvorm: discussion and participation in class and on blackboard, a 'take-home' assignment, a class presentation, and a written final term paper
tentamenperiode: during the semester, deadline final term paper: 11-12-2000
tentameneisen: -
tentamenstof: lecturenotes + suggested literature

Objective

In this course the following three sets of interrelated and interacting elements will be dealt with under the heading of 'globalisation':

  1. More open national economies in terms of the combined increase in transborder mobility of goods and services, of people, of technological and organisational skills, and of financial as well as entrepreneurial capital;
  2. Runaway breakthroughs in communication and dataprocessing technologies and their widespread commercialisation;
  3. Extent of global interlocking of markets for goods, capital, human capital and labour, and the need for monitoring their regulatory environments.

The first half of the course will present 'stylised facts' on many of these elements, and the second half will link them up with conventional economic wisdom as well as more recent analytical insights and practical situations.

Content

The course consists of fifteen lectures and three tutorials. Throughout the first seven lectures, we will be focussing on the necessary building blocks and theories of international economics and international trade. Topics like goods markets, financial markets, labour markets and multinationals comprise this first part of the course.

In the second block of eight lectures, we will cover some practical applications of globalisation , like new growth theory, E-commerce & the new economy, growth stagnation and recovery of East-Asia and the transition of Central and Eastern European countries.

Course schedule 2001 - 2002
Week Topic
37 Introduction to Globalisation: some stylised facts and theory; overview of the course.
38 International mobility of products and entrepeneurial capital: more stylised facts and theory.
39 Globalisation and multinational enterprises.
40 Globalisation and labour markets: trade and wages.
41 Globalisation and labour markets: trade and employment.
42 Globalisation and goods markets integration: how far can we stretch the 'law-of-one-price'?
43 Globalisation and financial markets integration: how far can we stretch interest parity?
43a Tutorials
44 Schumpeter and Coase go global: international trade, catching up and 'new' growth theory.
45 Gaining and loosing regional competitiveness: a synthesis.
46 Globalisation's impact on markets, governments and institutions.
47 The Internet, E-commerce and all that: how new is the New Economy?
48 Central & Eastern European countries in a changing global Economy; EU eastward enlargement.
49 Globalisation and Regionalism
50 Economic growth, stagnation and recovery in East Asia
51 Globalisation and Inequality

Theory and practical application are intertwined forcing you to work with the theory while analysing practical situations.

Required Literature

Virtual reader.

 29-1-2002