MGEC82 International Aspects of Development Policy Winter 2024
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MGEC82
International Aspects of Development Policy
Winter 2024
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Course Description: |
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This course will use the tools of economics to understand international aspects of economic
development policy. The first step involves understanding the advantages and disadvantages of engaging in international trade, using international trade models as they apply to developing countries. This will then lead to an evaluation of the trade policy that developing countries can use to achieve their development goals. Overall, the course will focus on understanding the engagement of developing countries in the global economy, including the benefits and challenges of that engagement. Topics to be discussed will include international trade and trade policy, globalization and inequality, foreign direct investment, multinational corporations, foreign aid, productivity, regional economic integration, and the environment. Organization of the Course: |
All of the course material is delivered in asynchronous (online, recorded) lectures. The two synchronous components of the course are: 1) The first, short introduction lecture at 9:10 a.m. on Thursday, January 11th, and 2) the midterm and final exams.
Prerequisite(s):
MGEB01H3 or MGEB02H3 (Intermediate Micro)
Textbook/Required Course Materials:
Carbaugh, Robert J. International Economics. Sixteenth Edition. Boston, MA: Cengage Learning., 2017.
Other reading materials may be provided over the course of the term. Every effort will be made to provide them online at the course’s Quercus/Canvas website.
Lecture Notes and Other Announcements:
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Important Dates: Midterm Exam: Online – February 29 during lecture period (9:00- 11:00am) Drop date: March 25, 2024 Final Exam Online – date TBD – held in final exam period. Evaluation and Grading: |
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The marks for this course will be calculated from the evaluation of a midterm test (40%) and a final examination (50%), as well as a short paper (10%). However, the midterm test will
count toward your final grade only if your grade on the midterm is greater than your grade on the final exam. This allows you to be informed of your progress, but not have a poor grade count against you if your performance subsequently improves. If you miss the mid-term exam, its entire weight will be transferred to the final exam (the final exam will then be worth 90% of your final mark). The final exam will be held during the final examination period. The final examination covers the material from the entire course. If you believe a clear error has been made in grading the midterm, you must submit a written request for re-grade to the instructor within one week from when the exam was returned. Only a clear error will change a grade. Points maybe reduced if an error in the student’s favour is found. Short Paper: |
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All courses in the Department of Management (including Economics courses) are required to include a writing component that is worth at least 10% of the overall mark in the course. In order to fulfill this requirement, there will be a short paper that must be submitted on or before Thursday, April 4th, at 10 am. This paper will help to review the material covered in the course in preparation for the final exam. Instructions for this short paper will be provided in March. Policy on Missed Assignments/Examinations: |
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If you miss the mid-term exam, its entire weight will be transferred to the final exam. Statement on Equity, Diversity, and Inclusion (EDI) |
The University of Toronto is committed to equity, human rights and respect for diversity. All
members of the learning environment in this course should strive to create an atmosphere of
mutual respect where all members of our community can express themselves, engage with each
other, and respect one another’s differences. U of T does not condone discrimination or harassment against any persons or communities.
If you have questions or concerns on issues related to EDI, please contact the Equity, Diversity and Inclusion Office: https://www.utsc.utoronto.ca/edio/
Academic Support
Questions relating to administrative, registration, degree/program requirements should be directed to the academic advising team:
Management programs/courses:mgmtss@utsc.utoronto.ca.
Economics programs/courses:ecoss.utsc@utoronto.ca.
UTSC Library:
Management students can access library services at The BRIDGE, located in IC 108. The
BRIDGE offers programs and services to support students, staff, and faculty in their studies,
research projects, and experiential learning initiatives.https://www.utsc.utoronto.ca/thebridge/ Visit The BRIDGE to:
. Access the finance & data lab, including specialized software and Bloomberg terminals
. Participate in events and competitions
. Get research and data analytics help
. Access data and academic research tools and tutorials
. Get support in entrepreneurship and the New Venture Program
. Learn more about Work Integrated Learning
To find out more about the UTSC Library’s support for students visit:
https://utsc.library.utoronto.ca/
For all other inquiries, please email thebridge@utsc.utoronto.caor email your Liaison Librarian, Mariana Jardim mariana.jardim@utoronto.ca
Health & Wellness Centre:
The Health & Wellness Centre provides professional and confidential medical, nursing,
counselling, health promotion, and education services to all UTSC students. These services are offered in a safe, caring, respectful, and empowering environment that is directed toward
optimizing your personal, academic, and overall wellbeing.. To access these services, please use the following url:https://www.utsc.utoronto.ca/hwc/and when visiting the Health &
Wellness Centre, please bring a valid T-card and Health card.
Academic Advising and Career Centre:
The Academic Advising and Career Centre (AA&CC) at UTSC integrates developmental
advising, learning/study skills, career counselling, and employment coaching. To reach out to them please use the following url: https://www.utsc.utoronto.ca/aacc/
Quercus – UTSC Learning Management System
To access Quercus, please visit: https://q.utoronto.ca
If you need help getting started? Visit the Quercus Help Page to access tip-sheets and other
helpful resources.
For additional questions, contact the Ed Tech team at quercus@utsc.utoronto.ca.
For frequently asked questions, please visit: https://www.utsc.utoronto.ca/technology/faq- students
AccessAbility Services
The University provides academic accommodations for students with disabilities in accordance with the terms of the Ontario Human Rights Code. This occurs through a collaborative process that acknowledges a collective obligation to develop an accessible learning environment that
both meets the needs of students and preserves the essential academic requirements of the University’s courses and programs.
Students with diverse learning styles and needs are welcome in this course. If you have a
disability that may require accommodations, please feel free to approach me and/or the
Accessibility Services office. https://www.utsc.utoronto.ca/ability/welcome-accessability- services
The Centre of Teaching and Learning
The Centre for Teaching and Learning (CTL) is available to support you in your writing, math and stats, and English language needs. It offers online and in-person tutoring and consultations and has a variety of helpful resources.
English Language Development Centre:
The English Language Development Centre (ELDC) helps students develop the critical
thinking, vocabulary and academic communication skills essential for achieving
academic and professional success. Personalized support includes: RWE (for academic writing); Communication Cafés (oral); Discussion Skill-Building Cafés; Vocabulary
Cafés; seminars/workshops; personal ELD consultations; drop-in sessions.
https://www.utsc.utoronto.ca/ctl/english-language-development-support
The Writing Centre:
The Writing Centre (TWC) offers invaluable services to students (learn to become a better writer!) and offers many different kinds of help: drop-in sessions, individual
consultations, workshops, clinics, and online writing handouts.
https://www.utsc.utoronto.ca/ctl/writing-support
Other Support:
For more information regarding other academic support from the university, please visit CTL’s Student Resource Centre at AC313 or check out
https://www.utsc.utoronto.ca/ctl/academic-learning-support
Use of Generative AI in Assignments
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The use of generative artificial intelligence tools or apps for assignments or exams in this course, including tools like ChatGPT and other AI writing or coding assistants, is prohibited. Academic Misconduct |
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Academic integrity is essential to the pursuit of learning and scholarship in a university. The University treats cases of cheating and plagiarism very seriously. The University of Toronto’s Code of Behaviour on Academic Matters (http://www.governingcouncil.utoronto.ca/Assets/Governing+Council+Digital+Assets/Policies/P |
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DF/ppjun011995.pdf) outlines the behaviours that constitute academic dishonesty and the processes for addressing academic offences. Any student caught engaging in such activities will be subject to academic discipline ranging from a mark of zero on the assignment, test or examination to dismissal from the university as outlined in the Code of Behavior on Academic Matters. Any student abetting or otherwise assisting in such misconduct will also be subject to academic penalties. If you like to find out more information regarding university advice for ‘How not to plagiarize’, please use the following url: https://advice.writing.utoronto.ca/using-sources/how-not-to-plagiarize/ More generally, the link below includes a lot of useful advice for students on academic writing: https://advice.writing.utoronto.ca/ For information and resources on Academic Integrity, visit: https://www.utsc.utoronto.ca/vpdean/faq-0 Detailed Course Outline |
The following provides a brief outline of the structure of the course. Some topics may not be covered, and not all readings will be assigned. New readings maybe introduced. Announcements will be made on Quercus, or during the lectures posted online.
The readings marked (*) are required. Other readings are for interest.
1) Introduction – Overview of the International Economy and Globalization (1 week)
*Carbaugh, Chapter 1.
2) Explaining Why and What Countries Trade with Each Other – Comparative Advantage, Returns to Scale and Transportation Costs (2-3 weeks)
*Carbaugh, Chapters 2 and 3.
3) Restrictions on Trade – Tariffs, Quotas, and Non-Tariff Barriers (2 weeks)
*Carbaugh, Chapters 4 and 5.
4) The World Trade Organization and Industrial Policies in Developing Countries (1 week)
*Carbaugh, Chapters 6.
Harrison, Ann and Andres Rodriguez-Clare, “Trade, Foreign Investment and Industrial Policy for Developing Countries,” in Dani Rodrik and Mark Rosenzweig, eds., Handbook of Development Economics, vol. 5. Amsterdam: North-Holland, 2010.
5) Trade Policies and Developing Countries and International Trade, Poverty and Inequality in Developing Countries (1-2 weeks)
*Carbaugh, Chapter 7
Todaro and Smith, Chapter 12.
Goldberg, Pinelopi Koujianou Goldberg and Nina Pavcnik, “Distributional Effects of
Globalization in Developing Countries,” Journal of Economic Literature, March 2007, pp. 39-82.
Winters, L. Alan, Neil McCulloch and Andrew McKay, “Trade Liberalization and Poverty: The Evidence So Far,” Journal of Economic Literature, 42, March 2004, pp. 72-115.
Winters, L.A., 2002. “Trade Liberalisation and Poverty: What are the Links?” The World Economy, 25(9), pp. 1339- 1367.
Harrison, Ann, John McLaren, and Margaret McMillan, “Recent Perspectives on Trade and Inequality,” Annual Review of Economics, September 2011, 3(1), pp. 261-289.
6) Regional Trading Agreements, with a focus on the East African Community (EAC) (1 week)
*Carbaugh, Chapter 8
7) Global Trade and Development Institutions (less than 1 week)
Baldwin, Richard, “The World Trade Organization and the Future of Multilateralism,” Journal of Economic Perspectives, 30(1), Winter 2016, pp. 95-116.
Ravallion, Martin, “The World Bank: Why It is Still Needed and Why It Still Disappoints,” Journal of Economic Perspectives, 30(1), Winter 2016, pp. 77-94.
Rodrik, Dani, “The Global Governance of Trade as if Development Really Mattered,” in Philip King and Sharmila King, eds., International Economics and International Economic Policy, 4th ed. New York: McGraw-Hill Irwin.
Clemens, Michael A., and Michael Kremer, “The New Role for the World Bank,” Journal of Economic Perspectives, Winter 2016, pp. 53-76.
8) Foreign Aid (1 week)
Part of Chapter 14 of Todaro and Smith.
Nancy Qian, “Making Progress on Foreign Aid,” Annual Review of Economics, 2015, 7, p. 277- 308.
Goldin, Ian and Kenneth Reinert, 2007. Globalization for Development: Trade, Finance, Aid, Migration and Policy, Chapter 5. World Bank and Palgrave McMillan.
Stiglitz, Joseph, 2006. Making Globalization Work, Chapter 9. Norton.
9) Environment and Development (1 week)
Todaro, Michael P. and Stephen C. Smith, Economic Development, 12th ed. New York: Pearson, Chapter 10.
Greenstone, Michael, and B. Kelsey Jack, “Envirodevonomics: A Research Agenda for an Emerging Field,” Journal of Economic Literature, 53(1), 2015, p. 5-42.
Dasgupta, Susmita, Benoit Laplante, Hua Wang, and David Wheeler, “Confronting the
Environmental Kuznets Curve,” Journal of Economic Perspectives, 16(1), Winter 2002, pp. 147- 168.
Copeland, Brian R. and M. Scott Taylor, “Trade, Growth and the Environment,” Journal of Economic Literature, 42(1), March 2004, pp. 7-71.
2024-01-17