INTLCLASSA

INTLCLASSA - International Economics Macro Why do economists generally favor free trade Why restrict trade How How do exchange rates matter to the

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
1 1 b Why do economists generally favor free trade? Why restrict trade? How? b How do exchange rates matter to the macro economy? b How are exchange rates determined in the short-run? The long-run? b What’s ‘bad’ about a current account deficit? A Financial account surplus? b What’s wrong with globalization? Globalization is good / antiwto 2 In the News? 3
Background image of page 1

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

View Full DocumentRight Arrow Icon
2 4 Course Issues b Clicker points updated b ODE Friday 3pm – BARBEQUE ECONOMICS b Assignment 13 by this weekend – due on Tuesday 11/29 b Extra Credit by weekend – due last class of semester 5 Investment Game s Derivatives 6
Background image of page 2
3 What? 7 8 Trade Facts s Net Exports X-M b <0 – trade deficit >0 trade surplus s Current Account Deficit b X-M $250 bil in 2009 b Exports $2.16 trillion b Imports $2.41 tril1ion b Trade Deficits since 1976 s Deficit on Goods, surplus on services b Harm? D=C+I+G+X-M s Largest Trading Partners b Canada: China: Mexico: Japan: Germany:United Kingdom: South Korea:France:Taiwan:Singapore: 9 Why do Economists Generally Favor Free
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/05/2012 for the course 220 103 taught by Professor Sheflin during the Fall '09 term at Rutgers.

Page1 / 6

INTLCLASSA - International Economics Macro Why do economists generally favor free trade Why restrict trade How How do exchange rates matter to the

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online