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Int 1

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Gale Pooley
Gale Pooley

INT 1

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Lecture 1 - Introduction ECON 360 International Economics
Dr. Gale L. Pooley, Ph.D. Email: gpooley@byuh.edu Phone: 675-3587 Office: HGB 226 Office Hours: Monday and Wednesday 2:00pm to 4:00pm or by appointment
Globalization by Donald Boudreaux FreeTrade Under Fire by Douglas Irwin
Exam 1 25% Exam 2 25% Paper 1 20% Paper 2 20% Quizzes etc. 10% Total 100%
Economics How we create value for one another Cooperation
Ideas IntellectualHumanPhysical Financial Inventions Culture Entrepreneurs The Cycle and Capitals of Innovation Innovation Human Beings Markets
“Capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven; it can only be attracted.” Walter Wriston
Atoms HumanPhysical
Bits Intellectual Financial
Shanghai 1990
Shanghai 2013
Nobody is in charge Trade and Specialize Comparative Advantage
Comparative Advantage I have to give up less than you do
Gross World Product GWP
0% 0.325% 0.65% 0.975% 1.3% 1820-1870 1871-1913 1914-1950
Tradeables merchandise tangible atoms hardware
Non-Tradeables services intangible bits software
Merchandise Physical Atoms Services Intangible Bits 0% 100% 0% 100%
We make atoms smarter with bits. Intelligizing matter
Bits make atoms more valuable
Globalization is not inevitable
For the earth is full, and there is enough and to spare; yea, I prepared all things, and have given unto the children of men to be agents unto themselves. Doctrine and Covenants 104:17 Year: 1834
Int 1

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Int 1