Có 17+ tài liệu thuộc chủ đề "Lecture International Economics"
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Reflects the historical evolution of the world’s economic and political order. Goods and services. Became the richest countries in the world. Great Depression of the 1930s. Horrors of the retreat into nationalism. Developing countries. Benefit those in the clusters. Most developing countries. Did not participate in the growth of global trade in manufacturing and services. Broke into the world markets...
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Comparative Advantage. Government regulation of trade. Static view of the world economy. A favorable trade balance is possible only in the short run. The other nation - absolute cost advantage in the other good. Why Nations Trade: Comparative Advantage. Principle of comparative advantage. Even if a nation has an absolute cost disadvantage in the production of both goods. Consumers -...
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Sources of Comparative Advantage. Prices depend on the production possibilities curves and tastes and preferences (demand conditions) in the trading countries. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password protected website for ‐ classroom use. Ultimate...
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May not be copied, scanned, or 2. Allows an increase in the output of import- competing producers. May not be copied, scanned, or 4. Fixed amount of money per physical unit of the imported product. Fixed percentage of the value of the imported product. May not be copied, scanned, or 6. May not be copied, scanned, or duplicated, in whole...
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Import Quota. Import quota. Import quota allocated to specific countries. Effects of import quota on economy’s welfare. This price umbrella allows domestic producers of the import-competing good to raise prices. The result is a decrease in the consumer surplus. Of this amount, the welfare loss to the importing nation consists of the protective effect, the consumption effect, and that portion...
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Dominant motive behind the early tariff laws of the United States. Young industries of the United States be. By the 1820s protectionist sentiments in the United States were well established. Downsizing of the tariff protection afforded U.S.. Retaliation by 25 trading partners of the U.S.. To the president. Average level of tariffs - about half of the 1934 levels. To...
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Trade Policies for the Developing Nations. Developing Nations. Advanced nations. Developing nations. Highly dependent on advanced nations. Exports go to the advanced nations. Imports originate in advanced nations. Trade among developing nations - relatively minor. Composition of developing-nations’ exports. selected advanced nations and developing nations,. Developing nations – moving into exports of manufactured products. Tensions Between Developing and Advanced Nations....
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May not be copied, scanned, or 1 PowerPoint slides prepared by:. Discriminating against the rest of the world. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed. May not realize additional economies of scale from global trade liberalization. May not be copied, scanned, or 3. May not be...
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May not be copied, scanned, or 2. May not be copied, scanned, or 4. Parent company producing a commodity in the source country. Sets up a subsidiary to produce an identical product in the host country. Foreign direct investment. Earnings of the parent company’s foreign. May not be copied, scanned, or 6. Direct investment position of the United States on...
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The Balance of Payments. Balance of payments. Record of the economic transactions. Between the residents of one country and the rest of the world. Investments in the United States by overseas residents. Total balance-of-payments account. Importers in a country pay the exporters in that same country in the national currency. Balance-of-Payments Structure. Current account of the balance of payments. Merchandise...
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Foreign Exchange. Foreign-Exchange Market. Foreign-exchange market. Largest and most liquid market in the world. Active trading in foreign exchange with banks overseas. Types of Foreign-Exchange Transactions. Simplest way to meet your foreign currency requirements. Greatest risk of exchange rate fluctuations. Receiving or paying an amount of foreign currency on a specific date in the future. At a fixed exchange rate....
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Exchange-Rate Determination. What Determines Exchange Rates?. Traders’ opinions about future exchange rates. Factors affecting exchange rates. Short term: transfers of assets. Differences in real interest rates and to the shifting expectations of future exchange rates. Long term: flows of goods, services, and investment capital. The path of the Yen’s exchange rate. Determining Long-Term Exchange Rates. Exchange rate changes. Reactions of...
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Current-account adjustment. Automatic adjustment of the current- account. Money supply - directly tied to current -account. Focus on automatic changes in income to bring about adjustment in a nation’s current account. Persistent current-account surplus. Current-account deficit. Importance of the foreign repercussion effect. When current-account adjustment requires it
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Exchange-Rate Adjustments and the Balance of Payments. Effects of Exchange-Rate Changes on Costs and Prices. How do exchange-rate fluctuations affect relative costs?. denominated in terms of the home currency or foreign currency. Increase in franc-denominated production costs by 100. A smaller increase (decrease) in the franc cost of Nucor steel. A larger decrease (increase) in the dollar cost of Nucor...
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Exchange-Rate Systems and Currency Crises. May not be copied, scanned, or 1 PowerPoint slides prepared by:. Exchange-Rate Practices. Floating exchange-rate system. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password protected website for. Pegged exchange-rate system. May...
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Macroeconomic Policy in an Open Economy. When it realizes neither deficits nor surpluses in its current account. Fiscal policy. Monetary policy. Changes in the money supply and interest rates. Under fixed exchange rates and trade deficit. To control particular items in the current account. Aggregate Demand and Aggregate Supply. Aggregate demand-aggregate supply model. Aggregate demand curve (AD). Aggregate supply curve...
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Nature of International Reserves. International reserves. Enable nations to finance disequilibrium in their balance-of-payments positions. Settled with international reserves. Enable nations to sustain temporary balance-of-payments deficits. Demand for International Reserves. Demand for international reserves. Monetary value of international transactions. Disequilibrium that can arise in balance-of- payments positions. Speed and strength of the balance-of- payments adjustment mechanism. Overall institutional framework of...