The International Economics
Study Center

SURVEY OF INTERNATIONAL ECONOMICS COURSE

 

MODULE 2:
TRADE AND THE IMPORTANCE OF ETHICS

Textbook Reading:

A Pure Exchange Model of Trade

The Pure Exchange Model and Market Ethics

(A 2016 version of the textbook reading is available at FlatWorld Knowledge.)

Presentation Slides:

Recent Events/Analysis:

Bernie Madoff, Steve Jobs and Wall Street Greed
(Sept 2013) This article highlights two different ways to get rich.

Self-interest, without morals, leads to capitalismís self-destruction
(Jan 2012) This article highlights why self-interest requires moral behavior.

 

 

OVERVIEW

This session presents a formal model of international trade, a pure exchange model, and emphasizes the importance of ethical principles to make markets work.

VIDEO LECTURE

This lecture was recorded in Fall 2016. It is 60 minutes long.

 

 

ANSWER KEY

Click HERE for answers to the textbook questions.

 

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