ECON 2301 Unit 8
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Unit 8: Global Trade

 

 

A.  Read the following selection from the Margin Notes by clicking on the link.

 

B.  Watch these presentations. When you click on one of the links below, a new screen will pop up. Use the scrollbar on the side of the new screen to navigate. You need Adobe Reader to view PDF files.

 

C.  (Optional) Read the following chapter from the textbook.

Chapter 20

 

D.  The following Optional Links will help you do better in your course but they are not required.

 

E.  Project: The Trade Ruler Game (20 points)To Do Note

For your project you’re going to play the Trade Ruler Game.

First, though, you need to get up to speed on trade theory and terminology. Use the following links.

Why trade?

What is an economic theory?

Machines and Workers

Gains from Trade

The Heckscher-Ohlin Trade Theory

Bigger Differences – Greater Gains

Once you’ve read and understand the concepts in those 6 sections you’re ready to start the game. It may take a few minutes for you to figure out what’s going on but the game itself only takes about 15 minutes.

You will need Flash and Shockwave on your computer so download them first if you don’t already have them.

Download Adobe Flash Player for free.

Download Adobe Shockwave Player for free.

Before you start, you need to read the Help file, especially the Key to Getting Maximum Points.

ONE OF THE ISLANDS When you’re ready to start playing, use the link below and then click on the play button.

 Trade Ruler – The Heckscher-Ohlin World

When you have finished the number of production-trade cycles the game requires, the screen will say "Game over. Your days as ruler of __ Island are now over. Now, let's see how you managed." Each time you click OK you will get a different bar chart that assesses your performance. Pay attention to those and figure out what you did right and why.

After several screens on each of which you click OK , you will get a screen that has a see hi score button rather than an OK button. Click see hi score. There are several pieces of information on the hi score screen that I want you to send me and you will probably not be able to copy-and-paste them from that screen. You can either print the page or write down the information.

Do NOT hit the OK button on the hi score screen or you will wipe out the information I want you to send me

and you'll have to play the game again from the beginning.

On the hi score screen, find and write down the following information.

the name you used

your island

your trade partner's island

your score for the game

the history for all three turns

The history is in the lower left of your screen and you can access each turn by clicking on 1, 2 or 3.

Send me are the figures for all 3 turns. Your figures will look something like the following.

SAMPLE HISTORY 1: WHAT YOU'LL SEE

turn

production

trade

result

1

38 cells

13 jeans

-15 cells

10 jeans

23 cells

22 jeans

2

38 cells

12 jeans

-15 cells

10 jeans

23 cells

22 jeans

3

38 cells

12 jeans

-12 cells

10 jeans

26 cells

22 jeans

The order in which I've listed the turn history information is the same order as on the screen. Send your turn history information to me in the same order. Do NOT include the words (turn, cells, trade, etc) ... I will know which number is which information by the order. I included the words above to help you find the information on the screen but the information above should look like the following when you send it to me (although your numbers will be different from the ones I've used).

SAMPLE HISTORY 2: WHAT YOU'LL SEND TO ME

1

38

13

-15

10

23

22

2

38

12

-15

10

23

22

3

38

12

-12

10

26

22

When you finish the game, send me the following six items.

  1. the name you used

  2. your island

  3. your trade partner's island

  4. your score for the game

  5. the history for all three turns (in the format described above)

  6. a discussion in which you make specific and detailed connections between the concepts in the project and the course content (The course content did not cover the Heckscher-Ohlin Trade theory but you can directly relate that theory to most of the concepts covered in the margin notes and presentations, starting with comparative advantage at the very beginning of the semester.) This is the last opportunity you'll have to show me what you've learned so make the most of it!

 

Project Submission Instructions

By the deadline shown in the Course Schedule on the main page of your syllabus:
  • Send the six items requested in the body of a new email to dramyglenn@earthlink.net.

  • Put only your name and Project at the beginning of your email.

  • Be careful to use the correct subject line.

  • Late projects lose one point per day late, including weekends and holidays.

A NOTE OF CAUTION: This is a 20-point comprehensive assignment ... the detail and thoroughness of your response should reflect that additional weight.

Proofread your work for spelling & grammar errors and make corrections where necessary.

 


 

 

 

Course EvaluationTo Do Note

While the benefit you gain from your courses is ultimately up to you, all faculty members take seriously the responsibility for facilitating student learning. Faculty members desire students’ honest opinions to help improve instruction and to help verify the positive aspects of instruction. Creating online courses is extremely labor-intensive and time-consuming and all online faculty members value thoughtful feedback.

I’ve modified a short face-to-face student evaluation for online student use and strongly encourage you to participate. The answers from each completed evaluation are electronically submitted to a results file that is never publically accessible. Because no login is required to complete the evaluation, it is impossible to identify who completed a specific evaluation. The only information associated with an individual evaluation (as a method of weeding out bogus evaluations) is the date and time it was submitted.

To begin, go to the Student Course Evaluation page and follow the directions. Take care to choose the correct course and semester. Too, remember that your course is an online course and should be compared to other online courses you've taken, not to face-to-face courses. If the course you are evaluating is your first online course, compare it to your realistic expectations of an online course.

The evaluation will be available at the link above two weeks prior to your final exam and will remain available for one week following your final.  The evaluation only takes about 10 minutes to complete but the feedback you provide will be invaluable … I really do use student feedback to help improve my courses!

 


 

 

 

Final Exam (20 points)To Do Note

The final exam has 40 multiple-choice questions. Each question is worth one-half point. There is a comprehensive review for the final on the Final Exam Review page, linked off of the main page of the syllabus.

The final exam is an online exam.  You must read the instructions for the final exam before taking it. The instructions are on the main page of your syllabus just below the Course Schedule.

Please note that students taking the final exam online must complete the exam by the deadline shown in the Course Schedule on the main page of the syllabus. The deadline gives you the maximum possible amount of time to take the exam but it allows NO margin of error since grades are due. If you miss that deadline, regardless of the reason, you will not be able to take a make-up exam. I strongly encourage you to take it early rather than risking damage to your grade by waiting until the last minute.

 


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Copyright 1996 Amy S Glenn    
Last updated:   03/01/2017   0130

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