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International Trade and Finance. List of Contents. Part II Finance The Balance of Payments a) Concept and Structure of BoP b) BoP and GDP c) BoP goals 2. Foreign exchange a) Exchange rates and Markets b) Exchange rate Mechanics c) Exchange Rate Policies 3: Exchange Regimes
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International Trade and Finance Econ 455
List of Contents • Part II Finance • The Balance of Payments • a) Concept and Structure of BoP • b) BoP and GDP • c) BoP goals • 2. Foreign exchange • a) Exchange rates and Markets • b) Exchange rate Mechanics • c) Exchange Rate Policies • 3: Exchange Regimes • a) Gold Standard • b) The Bretton Woods System • c) Extansions • d) Controversies • 4. Agents and their Activities • 5. Selected Exchange Rate Theories Introduction Part I Trade 1. Theories of Trade a) Motives for Trade b) Absolute Ádvantage c) Comparative Advantage d) Extensions 2. Barriers to Trade a) Non.tariffary Barriers b)Tariffs c) Quotas d) Subsidies Econ 455
Introduction • What is our scenario? • Trade, lending, borrowing, investing: Nothing new! • What is new: • Thise activities take place between different countries an affect the economic performance and welfare of countries: • Production and income • Employment • Price level • Interest rates • etc. Econ 455
Introduction • Globalization: • New phenomenon? • No. A new word for something very traditional • But: • unique economic system: Capitalism • World wide information • Near total freedom of trade, investment, labor Econ 455