lec01-eco101-11

lec01-eco101-11 - InternationalTrade Lecture1 c ⃝...

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Unformatted text preview: InternationalTrade Lecture1 c ⃝ Marc-AndreasMuendler UniversityofCalifornia,SanDiego September22,2011 1.IntroductiontoInternationalTrade Econ101, c ⃝ M.Muendler LectureNotes,PastExamsandPasswords • Webpage: http://econ.ucsd.edu/muendler/teach/11f/101 • Passwordfor – lecturenotes,exams(andsolutions)2010: trade11 – exams(andsolutions)2009: 10eco101 – exams(andsolutions)2006: 06pwd101 – exams2005: 06pwd101 – exams2003: pwd101 1.IntroductiontoInternationalTrade Econ101, c ⃝ M.Muendler InternationalEconomicIntegration • Internationalexchangeofgoods – Exportsandimportshavegrownfasterthantheworldeconomyfordecades – Today’sinternationaleconomicintegrationmayhaveattainedorsurpassedthe levelsofintegrationinthelate19thcentury • Internationalcapitalflows – Similarly,today’sinternationalfinancialintegrationmayhaveattainedorsur- passedthelevelsofintegrationinthelate19thcentury – However,capitalmarketscontinuetoshowastrong‘homebias’ 1.IntroductiontoInternationalTrade Econ101, c ⃝ M.Muendler InternationalEconomics • InternationalTrade(thisclass) – Thepatternof balanced internationaltrade – Thegainsfromtradeinmerchandizeandservices – Traderestrictionsandtheireffects • InternationalFinance(Econ102,103) – Trade(currentaccount)surplusesanddeficits – Internationalcapitalandcurrencymarkets 1.IntroductiontoInternationalTrade Econ101, c ⃝ M.Muendler InternationalEconomics • InternationalTrade(thisclass) – Thepatternof balanced internationaltrade – Thegainsfromtradeinmerchandizeandservices – Traderestrictionsandtheireffects • InternationalFinance(Econ102,103) – Trade(currentaccount)surplusesanddeficits – Internationalcapitalandcurrencymarkets 1.IntroductiontoInternationalTrade Econ101, c ⃝ M.Muendler Exportspercapita,2000 Source :WorldTradeOrganization, InternationalTradeStatistics ,2002 1.IntroductiontoInternationalTrade Econ101, c ⃝ M.Muendler RatioofexportsandimportstoGDP,2000 Source :WorldTradeOrganization, InternationalTradeStatistics ,2002 1.IntroductiontoInternationalTrade Econ101, c ⃝ M.Muendler WorldMerchandizeProductionandTrade,1950-2002 P r o d u c t io n a n d E x p o r t s ( v o lu m e ) Year Total merchandize production Total merchandize exports Manufacturing exports 1950 1960 1970 1980 1990 2002 1 5 10 20 30 40 Source :WorldTradeOrganization, InternationalTradeStatistics ,2002 1.IntroductiontoInternationalTrade1....
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lec01-eco101-11 - InternationalTrade Lecture1 c ⃝...

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