AEM_ECON_2300_Lecture_21___Spring_2009

AEM_ECON_2300_Lecture_21___Spring_2009 - AEMECON 2300...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
AEM-ECON 2300  LECTURE 21 1.New York Times article on Environmental Kuznets Curve;  recommend you read the original article www.nytimes.com/2009/04/21/science/earth/21tier.html? _r=1&scp=2&sq=kuznets&st=cse 1.Fundamental and Technical Analysis of foreign exchange  rates 3.  European monetary system and the Euro
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
“Use Energy, Get Rich and Save the Planet”, John Tierney, New York Times, April 21, 2009 “In dozens of studies researchers identified Kuznets curves for a variety of environmental problems. There are exceptions to this trend…” -- yes, indeed. “As their wealth grows, people consume more energy, but they move to more efficient and cleaner sources” … the U.S. and other Western countries seem to be near the top of a Kuznets curve for carbon emissions and ready to start the happy downward slope.” but how long will it take?! IPCC (2007) projects global warming of 1° - 4° C by 2100. “… a country’s turning point might come when a country’s per capita income reaches $30,000.” — !!!!!!!!!!!!! “Deforestation follows a Kuznets curve, too”. not. “…a Kuznets curve is more reliable than a revolution” — I don’t think so!
Image of page 2
Fundamental Analysis of Foreign Exchange  Rates  Bases estimates of future exchange rate values on  econometric analysis of “fundamental” market forces —  macroeconomic, asset values, political factors • the  rate of interest  in the local economy relative to  other economies;     •  economic growth  and  projected growth  measured  by GDP;     • the  budget surplus/deficit    • the  balance of payments surplus/deficit  Primarily used for  long-run  analysis and forecasts
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Fundamental Analysis of Foreign Exchange  Rates   Basic tools of fundamental analysis: •  Purchasing power parity •  Interest rate parity •  Balance of payments (behavior of current account)
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern