Topical outline and course materials (last updated 9/13/2023)
	Topic	Course materials
Part 1 - Fundamentals	Introduction, setting expectations. The history of human development in a nutshell. Comparative Advantage. Specialization. Economic policies Fixing prices, taxes and subsidies.	Course workbook – Part 1 Videos: The hockey stick of human prosperity. Division of Labor. The division of knowledge I Pencil Comparative advantage. Innovation. The Washing Machine Differences between countries. Institutions
Test 1 – one hour - online using Lockdown browser- covering part 1 - 25 multiple choice questions - 25 points
Part 2 - Globalization	What is globalization? The economics of protectionism. World trade organizations. Globalization and inequality.	Course workbook – Part 2 Videos The Cato Project What is globalization The world market Creative destruction Winners and losers Protectionism Arguments Against Free Trade Migration - Basic facts about migration - Wage gains from migration - Remitances - Wage effects in the U.S.
Test 2 – one hour - online using Lockdown Browser- covering part 2 - 25 points
Part 3 - Macroeconomics in a global context	Monetary and fiscal policy, Macroeconomics in a global context.	Course workbook – Part 3 Saving and Borrowing What do banks do? The traditional way the Fed works See the videos on GDP here Basic fiscal policy Keynesian stories The political economy of fiscal spending
Test 3 – two hours - online using Lockdown Browser - 25 multiple choice questions - covering part 3 (25 points) & 5 short essay questions covering all parts (25 points).