assign12

assign12 - Intro Macro ASSIGNMENT 12 N. Sheflin NOTES:...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
I n t r o M a c r o N . S h e f l i n ASSIGNMENT 12 NOTES : Continuation of Growth Policy issues and Introduction to International Trade; Also, Investment Game Round 3 and Grad School READING Rittenberg Principles of Microeconomics (flatworld) online text chapter 17 International Trade ***THIS IS NOT THE BOOK WE HAVE BEEN USING*** it is on the flatworld site and is free to read online. Skim the first section and focus on TWO WAY TRADE and RESTRICTIONS ON TRADE And Globalization at http://www.frbsf.org/publications/economics/letter/2004/el2004-12.html And the EU at http://en.wikipedia.org/wiki/European_union (just read the introduction) KEY POINTS read 3 times, carefully - once before the book, once after and during hw 1. Free Trade is potentially beneficial to all trading partners, although not necessarily equally so o Due to comparative advantage, that is when countries specialize in whatever production they have a relative advantage in (lowest opportunity cost ) o Also, trade leads to increased competition and transmission of ideas and technology
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
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 / 2

assign12 - Intro Macro ASSIGNMENT 12 N. Sheflin NOTES:...

This preview shows document pages 1 - 2. Sign up to view the full document.

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