World Economy

 

Year: 2nd Semester, 2017

Instructor: Lee, Hyun-Hoon ( ÀÌÇöÈÆ)

Office: 611, Global Business Building

Phone: 033-250-6186, 010-5371-6186,  Email: hhlee@kangwon.ac.kr, Webpage: http://cc.kangwon.ac.kr/~hhlee

Class Hours: Monday and Thursday 10:30 - 11:45, Vision Hall (Rm 1101), Business Bldg I

Outline of the course:
This course will explore (1) the main issues of the world economy such as trade, investment, development, energy, and the environment; and (2) the regional economies such as European Union, East Asia, Africa, North America, and Latin America.  Various means of education will be utilized including the traditional in-class lectures, on-line lectures, group presentations, and lots of discussions.

Prerequisites:
Basic knowledge of principles of economics would be of help.


Textbook:
Various online sources such as World Bank, OECD, IMF, UN, The Economist, etc.

Grading:
Mid-term exam (40%)
Final exam (40%)
Class participation (10%)
Attendance (10%, absence of more than five times will result in automic failure of the class)

Take-home assignments:
Will be explained in class.

Project report (optional):
- Guides to project report

Topics to Be Covered:

1.   The world economy and globalization in general
-        
  Lecture notes (ppt, pdf)
-         
Korea in the World
-         
Major issues of the world economy
-         
Why globalization
-         
Economic Globalization: Documentary on the History on the History of Economic Globalization (https://www.youtube.com/watch?v=Fb5O00tIKZ4)
-          The Economist (2015), ¡°The World inTransition¡± (https://www.economist.com/news/21632193-whistlestop-tour-year-eye-catching-statistical-landmarks-world-transition)

2.   The current status of and prospects for the world economy
-          Korea in the World
-         
OECD (2017), Global Economic Outlook, OECD, June. (http://www.oecd.org/eco/economicoutlook.htm)
-        
World Bank Group (2017), Global Economic Prospects: A Fragile Recovery, World Bank, June. (http://www.worldbank.org/en/publication/global-economic-prospects)

      -       International Monetary Fund (2017), World Economic Outlook, IMF, April (http://www.imf.org/en/Publications/WEO/Issues/2017/04/04/world-economic-outlook-april-2017)

-          International Monetary Fund (2017), World Economic Outlook Update, IMF, July (http://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD)

-        2017 MOSF-BOK-IMF-PIIE Conference on Prospects and Challenges for Sustained Growth in Asia. (http://www.bok.or.kr/contents/total/ko/boardView.action?menuNaviId=559&boardBean.brdid=138698&boardBean.menuid=559 )

3.     Trade: movement of goods and services and Global Value Chain (GVC)
-       Traditional trade theory
-       
New trade theories
-        Multinationals and global value chain
-         
Who is us?

4.      Multilateralism vs. Regionalism (September 18th, 25th, and October 12th)
-      
Lecture notes (ppt)
-       
WTO and multilateralism
-       
Trend and causes of regionalism
-       
Regionalism: a stumbling block or stepping stone?
-      East Asian economic integration: Current status and prospects
-       Northeast Asian economic cooperation:
GTI Economic Cooperation Forum and NAPA 2017
(Thursday, September 21th)

5.   International organizations ( Dr. Joong Wan Cho, Thursday, September 28th and Thursday, October 19th)
-         
Lecture notes (ppt)
-         
Korea in the World
-         
OECD (2017), Global Economic Outlook, OECD, June. (http://www.oecd.org/eco/economicoutlook.htm)
-         
International Monetary Fund (IMF)
-        
World Bank Group (2017), Global Ec
-         
Organisation for Economic Co-operation and Development (OECD)
-         
Etc.

6.     Population (Monday, October 23rd)
-         
Lecture notes (ppt)
-         
HHLEE_Effects_of_aging_on_economic_growth (ppt)
-         
HHLEE_Korea (pdf)
-    
Patterns of demographich transition
-   
Population aging and its consequences

 

Review, Thursday, October 26th (pdf)

Midterm exam, Monday, October 30th, 2017 (word)


7.  Midterm review (Thursday, November 2nd)

8.      Global poverty and development aid (Monday, November 6th)
-       
Lecture notes (ppt)
-     
 Why are poor countries poor?
-       
Foreign aid for development assistance: magnitude and issues
-       Does foreign aid help development of poor countries? The debate over foreign aid
-        
The Foreign Aid Paradox, We The Economy (wte), https://www.youtube.com/watch?v=zwN5dbMMkv4, 9 minutes

8.   Sustainable development I (Thursday, November 9th, Dr. Joong Wan Cho)
-      
Lecture notes (ppt)
-         
Concept
-         
UN Sustainable Development Goals (SDGs)

10.     Sustainable development II (Monday, November 13th)
-      
Lecture notes (ppt)
-      Green growth and inclusive growth
-    Newspaper articles on inclusive growth and green growth
     Kyunghyang 1 (January 24, 2015);
     Kyunghyang 2 (December 14, 2016); and
     Joong Ang Ilbo (November 10, 2017))
-        
Jeffrey Sachs: The Age of Sustainable Development, IIASA/OeAW Public Lecture, https://www.youtube.com/watch?v=ksZaAqRA5qg), 1:07
-        
The World We Want – The U.N. Sustainable Development Goals (https://www.youtube.com/watch?v=kR-YRC5D-QY), 10 minutes
-        
The Economist, ¡°The 169 Commandments¡± March 28, 2015. (http://www.economist.com/news/leaders/21647286-proposed-sustainable-development-goals-would-be-worse-useless-169-commandments)

11.   East Asian economy (Thursday, November 16th, Dr.Donghyun Park, Asian Development Bank ))

12. Student presentations 
-        
Thursday, 23 November: (1) Adrian Frings and Nicole Rydz, "EU- the Euro, potential candidates and our personal expericence"
-        
Monday, 27 November: (1) EU - continued; (2) Chanchal, "India"
-    Thursday, 30 November: No class
-         
Mon, 4 December: (1) Grace Okafore, "Africa"; (2) CJ, "Nigeria"
-    Thursday, 7 December: (1) Chlore and Pearlyn "Singapore"
-    Monday, 11 December: (1) Azizbek and Febrizal, "South East Asia"; (2) Sherry Dung Ly, "Vietnam"

-    Thursday, 14 December: (1) ***, "Mongolian economy";

 

13.  Northeast Asian economy
-        
Current issues
-         
Cooperation

14.   Korean and the World Economy

Review, Thursday, December 14th, 2017 (word)

Final exam, Monday, December 18th, 2017

  


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