TAILIEUCHUNG - Lecture Macroeconomics - Chapter 5: Canada in the global economy

Chapter 5 decribes Canada in the global economy. In this chapter you will learn: That trade is crucial to Canada’s economic well-being, the importance of specialization & comparative advantage in international trade, how the value of a currency is established on foreign exchange markets, the economic costs of trade barriers, about multilateral trade agreements & free trade zones. | Chapter 5 Canada in the Global Economy SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE In this chapter you will learn That trade is crucial to Canada’s economic well-being The importance of specialization & comparative advantage in international trade How the value of a currency is established on foreign exchange markets The economic costs of trade barriers About multilateral trade agreements & free trade zones Chapter 5 Topics International Linkages Canada & World Trade Back to the Circular Flow Model Specialization & Comparative Advantage Foreign Exchange Market Government & Trade Multilateral Trade Agreements & Free-Trade Zones Increased Global Competition International Linkages Other National Economies Canadian Economy Goods & Services Capital & Labour Info & Technology Money Figure 5-1 Chapter 5 Topics International Linkages Canada & World Trade Back to the Circular Flow Model Specialization & Comparative Advantage Foreign Exchange Market Government & Trade Multilateral Trade .

• Kinh tế học
• Macroeconomic activity
• Lecture Macroeconomics
• Macroeconomic environment
• Financial system
• Global economy
• International trade
• Macroeconomic adjustments
• Method of economics
• Nature of economics
• Macroeconomic policy
• Macroeconomic
• Theoretical Model
• publication
• transmitted
• electronic
• mechanical
• photocopy
• Economic problem
• Foundation of economics
• Individual markets
• Market equilibrium
• Market system
• Canadian economy
• Measuring domestic output
• Income approach
• Economic growth
• Business cycle
• Aggregate expenditures model
• Equilibrium GDP
• Aggregate demand
• Aggregate supply
• Fiscal policy
• Legislative mandates
• Public debt
• Budget philosophies
• Canadian financial system
• Functions of money
• Balance sheet
• Chartered bank
• Monetary policy
• Bank of Canada
• New economy
• Trade barriers
• Exchange rates
• Balance of payments
• Economic models
• Functional notation