• Chapter 10: International Trade PolicyChapter 10: International Trade Policy

    Chapter Goals Summarize some important data of trade Explain policies countries use to restrict trade Summarize the reasons for trade restrictions and why economists generally oppose trade restrictions Explain how free trade associations both help and hinder international trade

    pptx15 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 714 | Lượt tải: 0

  • Chapter 9: Comparative Advantage, Exchange Rates, and GlobalizationChapter 9: Comparative Advantage, Exchange Rates, and Globalization

    Chapter Goals Explain the principle of comparative advantage Explain why economists’ and laypeople’s views of trade differ Summarize the sources of U.S. comparative advantage and discuss some concerns about the future in the U.S. economy Discuss how exchange rates are determined and what their role is in equalizing trade flow

    pptx14 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 680 | Lượt tải: 0

  • Chapter 8: Market Failure Versus Government FailureChapter 8: Market Failure Versus Government Failure

    Chapter Goals Explain what an externality is and show how it affects the market outcome Describe three methods of dealing with externalities Define public good and explain the problem with determining the value of a public good to society Explain how informational and moral hazard problems can lead to market failure Explain why market failure ...

    pptx18 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 676 | Lượt tải: 0

  • Chapter 16: International Trade and Exchange RatesChapter 16: International Trade and Exchange Rates

    Trade Facts U.S. trade deficit in goods $646 billion in 2010 U.S. trade surplus in services $146 billion in 2010 Canada largest U.S. trade partner Trade deficit with China $273 billion in 2010 Dependence on oil

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  • Chapter 15: Interest Rates and Monetary PolicyChapter 15: Interest Rates and Monetary Policy

    Interest Rates The price paid for the use of money Many different interest rates Speak as if only one interest rate Determined by the money supply and money demand

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  • Chapter 14: Money, Banking, and Financial Institutions (2)Chapter 14: Money, Banking, and Financial Institutions (2)

    Functions of Money Medium of exchange Used to buy/sell goods Unit of account Goods valued in dollars Store of value Hold some wealth in money form Liquid

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  • Chapter 13: Fiscal Policy, Deficits, and Debt (2)Chapter 13: Fiscal Policy, Deficits, and Debt (2)

    Fiscal Policy Deliberate changes in Government spending Taxes Designed to Achieve full employment Control inflation Encourage economic growth

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  • Chapter 12: Aggregate Demand and Aggregate Supply (2)Chapter 12: Aggregate Demand and Aggregate Supply (2)

    Real GDP desired at each price level Inverse relationship Real balances effect Interest effect Foreign purchases effect

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  • Chapter 11: Business Cycles, Unemployment, and InflationChapter 11: Business Cycles, Unemployment, and Inflation

    The Business Cycle Alternating increases and decreases in economic activity over time Phases of the business cycle Peak Recession Trough Expansion

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  • Chapter 10: GDP and Economic GrowthChapter 10: GDP and Economic Growth

    Gross Domestic Product Measure of aggregate output Monetary measure Avoid multiple counting Market value of final goods Ignore intermediate goods Count value added

    ppt28 trang | Chia sẻ: thanhlam12 | Ngày: 12/02/2019 | Lượt xem: 630 | Lượt tải: 0