E303 Day 1 Notes
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This 1 page Study Guide was uploaded by Baller on Tuesday March 3, 2015. The Study Guide belongs to ECON-E303 at Indiana University taught by Hao, Jin in Spring2015. Since its upload, it has received 128 views.
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Date Created: 03/03/15
International Economics Lecture 1 E303 Chapter 1 The United States in a Global Economy Technological Innovation Less expensive products Greater investments in scarce resource regions Today s major economies are more integrated than they have been at any time in history Instantaneous communications Modern transportation Relatively open trading systems This allows most goods to move across boundaries Without major obstacles and low relative costs Trade Flows Capital Flows People Flows Similarity of price in each market Trade to GDP ratio X M Y Foreign Portfolio Investment Foreign Direct Investment Important quality differences in capital ows today Many more financial instruments available Role of foreign exchange transactions Costs of foreign transactions has fallen significantly The book talks about the similary of prices on Big Macs but similarity of prices on iPhone was discussed in lecture Three features of contemporary international economic relations Deeper integration Multilateral organizations Regional trade agreements
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