Welcome to ECO 212 Macroeconomics in the Global Economy

1. Please answer the following on the 3"x5" card:
   
   1. A. Should We Have Free Trade With Other Countries?

      B. Why AND Why Not?

      • Spend a few minutes writing down your ideas.
      • State your opinion and defend it
      • also, state arguments that oppose your opinion
        
        
2. Introduction to Macroeconomics in the Global Economy
   

   • The three issues of Macroeconomics
     1. unemployment (UE)
     2. Inflation (IN)
     3. economic growth (EG)
        
        
   • Why "the Global Economy"?
     
     

3. Video (South Korea vs. Sri Lanka)

   • What are they doing? (POLICIES)
   • Why are they doing it? (BENEFITS)
   • What negative effects might arise? (COSTS)
     
     

4. News Articles:

   • WTO PROTESTS IN SEATTLE
     http://cnn.com/ALLPOLITICS/time/1999/11/22/seattle.battle.html
   • FREE TRADE ARTICLE:
     http://cnn.com/ALLPOLITICS/time/1999/12/06/free.trade.html
   • STRUCTURAL ADJUSTMENT IN AFRICA:
     http://www.csmonitor.com/durable/1998/04/01/p7s1.htm
   • TRADE DEFICIT SETS RECORD IN MARCH:
     http://www.msnbc.com/news/409676.asp
   • CHINA TRADE AGREEMENT:
     http://www.cnn.com/2000/ALLPOLITICS/stories/05/19/pntr.wrap/index.html
   • PROTESTS AGAINS THE WTO, WORLD BANK, IMF and GLOBALIZATION
     http://www.cnn.com/2000/US/04/17/dc.protests.04/

5. Syllabus and Webpage:
   http://www.harpercollege.edu/mhealy/eco212/