ch0_ppt_stu

ch0_ppt_stu - InternationalTrade CHAPTER0 INTRODUCTION 1...

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CHAPTER 0: INTRODUCTION International Trade 1
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International economics International economics  is about how nations  interact through trade of goods and services, through  flows of money and through investment. international trade (flow of real goods): Application of  microeconomics in international Gains from trade Pattern of the trade Policies about the trade   international finance(flow of money) Exchange rate Currency union 2
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History of Trade age: 19 th  century  BC- 1500 Greek China India Roman  Egypt Silk Road: China, India, Persia, Roman Empire Incense Road: Egypt, India, Arabia 3
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History of Trade The Rise of the  Great Nations: Portugal Spain Netherlands UK France Germany Japan Russia U.S.A. 4
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Important Growth rate of  U.S.:  International  trade as a fraction  of the national  economy has  tripled for the U.S.  in the past 40  years. 5
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This note was uploaded on 10/03/2011 for the course ECON 4363 taught by Professor Gu during the Fall '11 term at Arkansas.

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ch0_ppt_stu - InternationalTrade CHAPTER0 INTRODUCTION 1...

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