460outline1-3

460outline1-3 - P Conway Economics 460 Spring 2010 Outlines...

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Economics 460 Spring 2010 Outlines of Sections I through III I. Introduction. A. Housekeeping: B. Subject of course: international economics. 1. What is international economics? 2. Case study: Chinese tires. II. International transactions and the balance of payments. GOAL : To link international transactions to the determination of national income, employment and the exchange rate. Relate to text treatment of same issues. A. Measuring the quantity of international transactions. 1. Categorizing by the objects traded. 2. Categorizing by the direction of flow of the traded object. B. The balance of payments : a summary statement of these transactions. 1. Definition: a summary statement of the money value of all economic transactions between residents of that nation and residents of the outside world that have taken place during a given period of time. 2. Derivation: 3. Example of aggregation (handout): C. Interpreting the resulting figures. 1.
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This note was uploaded on 05/01/2010 for the course ECON 460 taught by Professor Staff during the Spring '08 term at UNC.

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460outline1-3 - P Conway Economics 460 Spring 2010 Outlines...

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