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International Economics

Content Overview:

• International commercial policies. Tools of the commercial policy. The political economy of the commercial policy.
• Environmentalism vs. Protectionism. Commercial policy in the developing countries. Strategic commercial policies in the advanced countries.
• Types of exchange and macroeconomics of an open economy. National accountancy and Balance of Payments. Types of exchange and currency market.
• Money, types of interest and types of exchange. Inflation and growth of the monetary supply in Latin America. Price levels and long term exchange rates. Law of the fixed price. PPP Purchasing Power Parity.
• The national product and the short term exchange rate. Demand equation.
• Short term national production market balance: DD function.
• The balance of a short term open economy: the combination of DD and AA functions.
• Fixed exchange rates and the intervention in the currency markets.
• The policy of international macroeconomics.
• The macroeconomic policy and the coordination with flexible exchange rates. Ideal monetary regions, the European experience. The global market of capitals: economic policy problems and operation.
• Models: the model of specific factors. The model of factorial proportions. The interchange global economy. The model of monopoly competition. Risk aversion and portfolio international diversification.

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