Review for Exam - Review Review for Exam (main topics to...

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Review Review for Exam (main topics to focus on) Section 4 – International Institutions (Chap 2.) - IMF, World Bank; need to know their original job, how they became about and what they do now as organizations - GATT, WTO; not set up as a Bretton Wood systems – again what they do now as organizations - Need to know the advantages/disadvantages of all institutions – why do we have them in the first place and why did it take so long for us to issue them Section 5 – Labour and the Environment (Chap 8.) - Labour and the environment (transboundary and non-transboundary) - Can we have universal standards and do we really want them? - Main conflict is dealing with min. wage Section 6 – Balance of Payments (Chap.9&10) - Current, capital and financial accounts within the economy - Exchange rate models; supply and demand of our exchange rate - What causes it to rise or fall - Fixed vs. Flexible(floating) exchange rates Section 7 – International Crisis’ (Chap. 12) - Two types of financial crisis; macro imbalances or contagion effect
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This test prep was uploaded on 04/18/2008 for the course ECONOMICS ECN 220 taught by Professor Jolly during the Winter '08 term at Ryerson.

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Review for Exam - Review Review for Exam (main topics to...

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