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Welcome to EC 382: International Economics By: Dr. Jacqueline Khorassani

Welcome to EC 382: International Economics By: Dr. Jacqueline Khorassani. Study Guide Week Nine (You must study the following topics and send your questions to me by Wednesday, October 31) (. What are the antidumping laws? What are the countervailing duties?. You must know.

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Welcome to EC 382: International Economics By: Dr. Jacqueline Khorassani

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  1. Welcome to EC 382: International EconomicsBy:Dr. Jacqueline Khorassani Study Guide Week Nine (You must study the following topics and send your questions to me by Wednesday, October 31) (

  2. What are the antidumping laws? • What are the countervailing duties?

  3. You must know everything in this Chapter (Chapter 8) on GATT and WTO

  4. Chapter 11:General Questions • Why is international trade an important part of the overall economic activity? • Is a trade deficit bad for an economy? • What is the role of imports and exports in an economy? • How is the trade balance part of a larger economic picture? • What are a country’s balance of payments and their role in the economy?

  5. What is GDP? • What is included in it? • What is excluded from it? • What are the components of GDP? • What is the difference between real and nominal GDP? • How does GDP relate to saving, investment, government’s budget and trade balance? • What are leakages? • What are injections? • What are the 4 strategies to reduce trade imbalance?

  6. The Balance of Payments Accounts • What is it? • What is the current account balance? • Merchandise Trade Balance? • Balance on Services? • Balance on Goods and Services? • Balance on Investment Income? • Balance on Goods, Services, and Income? • What are unilateral transfers? • What is the capital & financial account balance? • Components?

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