TAILIEUCHUNG - Lecture International economics: Chapter 1 - Hendrik Van den Berg

Chapter 1 - International economics and the global economy. After completing this chapter, students will be able to: Explain why economists use models, define globalization, describe the current level of globalization, encourage curiosity about why globalization occurs, encourage students to think about the future course of globalization, introduce the remainder of the book. | International Economics and the Global Economy To most economists, the evidence is impressively persuasive that the dramatic increase in world competition–a consequence of broadening trade flows–has fostered markedly higher standards of living for almost all countries that have participated in cross-border trade. (Alan Greenspan) The Goals of This Chapter Explain why economists use models Define globalization Describe the current level of globalization Encourage curiosity about why globalization occurs Encourage students to think about the future course of globalization Introduce the remainder of the book The Three Components of Globalization International trade International investment International migration What Is an Economic Model? Simplified representation of reality Logical representation of economic activity Focuses on relationships that are important for a particular issue Omits details deemed less relevant to the issue at hand Models are sometimes referred to as theories or paradigms Types of Models The textbook will use four categories of models General equilibrium models Partial equilibrium models Static models Dynamic models These four categories are not mutually exclusive General and partial equilibrium models can be static or dynamic The Analytical Approach of the Textbook Examine globalization’s partial and general equilibrium effects Examine globalization’s domestic and foreign effects Examine globalization’s static and the dynamic effects The Extent of Globalization Fewer than 2 out of 100 people immigrate during their lifetimes The Extent of Globalization Trade is less than 20% of world GDP Figure . Exports/Production: 1879 - 1997 Source: . Bureau of the Census How Will Globalization Evolve in the Future? The world has achieved unprecedented levels of international economic integration The effects of international trade, investment, and migration are easily recognizable throughout nearly all economies It is still not clear, however, .

• Kinh tế học
• International economics
• Lecture International economics
• The global economy
• International trade
• Economic model
• International investment
• International economics theory
• International economics policy
• International economics theory and policy
• International trade theory
• International trade policy
• Political economy of trade policy
• Economics of international investment
• Intertemporal equilibrium
• Exchange rates
• Open economy macroeconomics
• National income accounting
• International financial system
• International financial orders
• The gold standard
• Economics policy
• Open economy
• Exchange rate
• Multi National Enterprises
• Portfolio investment
• International migration
• Supply side effects
• Immigration’s economic
• Controversial aspects of globalization
• International inequality
• Opportunities of globalization
• The open economy
• Current account
• Partial equilibrium model
• Exchange rate changes
• Economic growth
• The power of compounding
• Bài giảng Kinh tế quốc tế
• The international economy
• The international globalization
• Waves of globalization
• International banking
• International reserves
• Automatic adjustment mechanisms
• Borrowed reserves
• Lecture Economics
• Environmental economics
• International finance
• Countries trade
• Comparative advantage
• International monetary economics
• World monetary arrangements
• Macroeconomic policy
• Principles of economics
• Lecture Principles of economics
• Capital flows
• International economy
• International EconomicsInternational economics
• Partial equilibrium models
• General equilibrium models
• Welfare effects
• General equilibrium effects
• Free trade
• General equilibrium effects of Trade
• Trade policy
• Trade expansion
• Trade creation
• Trade diversion
• Regional economic integration
• Foreign exchange market
• Foreign exchange
• Balance of payments
• Immigration policy
• Illegal immigration
• Immigration authorities
• General equilibrium model
• The gains from trade
• Opportunity costs
• Issues in economics today
• Lecture Issues in economics today
• Macroeconomic issues
• International issues
• Price control issues