International Trade: Comparative Advantage and Realities of Trade

Read:

• Introduction to Globalization and Protectionism, Introduction and 21.1-21.5 

Panel Discussion: Free trade vs protectionism?

One example--the impact of America’s trade restrictions on the sugar market

• Farm Bill's Sugar Subsidy More Taxing Than Sweet, Critics Say (National Public Radio)
  
• With sugar price supports, sour taste for consumers (Reveal from the Center for Investigative Reporting)
  

Development Economics

• Read The Diversities and Countries and Economies across the World (19.1) and Improving Countries' Standards of Living (19.2) from OpenStax CNX "Principles of Macroeconomics"

Panel Discussion: New directions for (tropical) developing economies—ganja?

• Jamaica, Long Opposed to Marijuana, Now Wants to Cash in On It (New York Times)
• Studying Marijuana and its Loftier Purpose

Panel Discussion: Some of the best ideas for approaching world poverty may come fromthe communities themselves

• Rescued by Design (New York Times)
• The Future of Not Working (New York Times)
• 23 Things They Don’t Tell You About Capitalism by Chang, Ha-Joon. (Thing 17) (Available via BMCC Library)
  

Museum/Fed paper due

Download Principles of Macroeconomics for free at http://cnx.org/contents/4061c832-098e-4b3c-a1d9-7eb593a2cb31@11.13.

"Zero Textbook Cost Syllabus for Economics 201 (Macroeconomic Theory)" by Bettina Berch (2017) is licensed under CC-BY-NC-SA