1 / 11

International Economics EC.382 Study Guide Week Five

This study guide covers topics such as international labor movement, alternative to labor movement, multinational corporations, tariffs, economic effects of tariffs, and arguments for tariffs.

lanham
Download Presentation

International Economics EC.382 Study Guide Week Five

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Welcome to EC 382: International EconomicsBy:Dr. Jacqueline Khorassani Study Guide Week Five (Note: You must go over these slides and complete every task outlined here before Wednesday, October 3)

  2. Remember that • Exam 1 is scheduled for Wednesday, October 10th at 3:10 PM. • It will cover everything we discuss in class until that time.

  3. International Labor Movement • How much of it is going on? • What are the reasons for it? • Pull/push factors • What are the effects of it? • In the source country? • In the host country? • What does Figure 5.2 show? • The role of government? • What is brain drain?

  4. Alternative to labor movement • How do offshore assembly provisions work? • What is Outsourcing? • Examples?

  5. The Multinational Corporation • What is it? • Different types? • What are the reasons for it? • OLI approach? • How does licensing agreement work? • Examples? • What is the role of government? • Different types of treatments? • Tax consequences? • What is transfer pricing?

  6. Chapter 6 • What is a tariff? • What are the reasons for it? • What are the types of tariff? • What are different methods of valuing imports? • What is consumer surplus? • How is it measured? • What is producer surplus? • How is it measured?

  7. How does a free trade affect consumer surplus and producer surplus? • In exporting nation? • In importing nation?

  8. What are the economic effects of tariffs • The case of small importing nation • Effects on • Domestic price? • Quantity sold? • Quantity of domestic production? • Consumer surplus? • Producer surplus? • Efficiency in production? • Redistribution of welfare? • Dead weight loss? • Tariff revenue?

  9. What are the economic effects of tariffs 2. The Effects of a tariff for a Large Country • Domestic price • export price • the loss of consumer surplus • the gain of welfare through the terms of trade effect

  10. The Effective Rate of Protection • What is it? • How is it calculated?

  11. What are the arguments for tariffs? • Infant Government Argument. • subsidies • National Defense Argument • Loss of jobs Argument

More Related