Econ 420

Document Sample
Econ 420 Powered By Docstoc
					             Welcome to
         EC 382: International
             Economics
                     By: Dr. Jacqueline Khorassani

                                      Study Guide
                                          Week Nine
(You must study the following topics and send your questions to me by Wednesday, October 31)
                                             (




                                                                                           1
• What are the antidumping laws?
• What are the countervailing duties?




                                        2
        You must know



everything in this Chapter (Chapter 8)
         on GATT and WTO




                                         3
               Chapter 11:
             General Questions
• Why is international trade an important part of the
  overall economic activity?
• Is a trade deficit bad for an economy?
• What is the role of imports and exports in an
  economy?
• How is the trade balance part of a larger economic
  picture?
• What are a country’s balance of payments and their
  role in the economy?

                                                   4
• What is GDP?
    – What is included in it?
    – What is excluded from it?
    – What are the components of GDP?
• What is the difference between real and nominal GDP?
• How does GDP relate to saving, investment, government’s budget and
  trade balance?
    – What are leakages?
    – What are injections?
• What are the 4 strategies to reduce trade imbalance?




                                                                5
              The Balance of
            Payments Accounts
•    What is it?
•    What is the current account balance?
    – Merchandise Trade Balance?
    – Balance on Services?
    – Balance on Goods and Services?
    – Balance on Investment Income?
    – Balance on Goods, Services, and Income?
    – What are unilateral transfers?
•    What is the capital & financial account balance?
    –   Components?
                                                        6

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:0
posted:5/17/2013
language:Unknown
pages:6