User Account

All Pages

What is the international monetary system

Assignment Help Macroeconomics
Reference no: EM131306848

International Political Economy Exam

Take Home Essay Guide

Seay

I. Basic Terminology: Be able to incorporate as many of of the following basic political economic terms as possible into each of the two essays of choice from the second category. Class lecture notes may be used for defining the listed terms as well as the Charles Wheelan textutal readings.** Do be certain to incorporate other useful data from lectures notes, the Wheelan text, and various suggested scholarly IPE books and articles as well.**

David Ricardo, "Comparative Advantage," "The Iron Law of Wages," and "Theory of Rents."

Anne-Robert Turgot and Jean-Baptiste Say
Physiocrats
Charles Fourier and Count Sainte-Simon
Utilitarianism
Karl Marx
William Stanley Jevons and Leon Walras
Historical Economics and the Marshallian School
East Asian Model of Developement
Export Oriented Strategy
Rent Seeking
Structural Adjustment Programme
Efficiency Oriented Investment
Foreign Direct Investment
Horizontal Integration
Intangible Asset
Locational Advantages
Market Oriented Investment
Natural Resource Investment
Positive Externalities
Specific Asset
Vertical Integration
Calvo Doctrine
Export Processing Zone
Locational Incentives
Multilateral Agreement on Investment
Obsolescing Bargain Performance Requirement
Trade Related Investment Measures
United Nations on Permanent Sovereignty over Natural Resources
Balance of Payments and Balance of Payments Adjustment
Bretton Woods System
Capital Account
Conditionality
Current Account
Exchange Rate System and Exchange Restrictions
Fixed Exchange Rate System and Fixed but Adjustable Exchange Rate System
Floating Exchange Rate System
Foreign Exchange Market
Foreign Exchange Reserves
Fundamental Disequilibrium
Managed Float
Speculative Attacks
Stabilization Fund
European Monetary System
International Investment Position
Louvre Accord, Monetary Accord, and Plaza Accord
Target Zone
Phillips Curve

II. Essay Topics: Answer any two of the following essays with each response tallying 5-8 pages. (50 POINTS EACH).

1. Who was David Ricardo? Illustrate and explain his economic theories? Were they accurate? Might they be useful in the present?

2. In what ways did the French Enlightenment era help create the study of modern economics? Illustrate and explain all key figures
and their philosophies. Are they influences found still in the modern
global economy? If so, in which ways?

3. Who was Jean Baptiste Say? Why is he important in IPE? Explain.

4. Who were Charles Fourier and Count Saint-Simon? What economic philosophies did they create? Are their views prevalent, still?

5. Who was Karl Marx? What was his economic philosophy? How and why has his economic philosophy been so widespread as well as controversial? Explain.

6. What is Import Substitution Industrialisation? What are its's problems? Explain.

7. What is the East Asian Model? Should the West imitate it? What are its's strength and weaknesses?

8. What kind of economic reform is occuring in China? Is it both good and bad for China as well as the global economy?

9. What are the global community's criticisms about the WTO's treatment of developing countries? Are their complaints valid?

10. What are Multinational Corporations? Explain their evolution by illustrating examples of the first to evolve slowly thousands of years ago as well as the first global businesses to appear in the modern age. How are these kinds of businesses influencing the modern world economy in a positive or negative way? Should MNC's be regulated by the international community. Defend your point.

11. What is the International Monetary System? What are its' problems? How can payments imbalances become remedied?

12. What is the Bretton Woods System? Who created it, when, and why? Is it still used in the present? What were its' strengths and weaknesses?

13. What International Monetary System conflicts have occured since the 1970's? Have the international powers involved solved these problems?

14. How has the European Union cooperated in global currency exchange rates? Have they been better team players than America?

15. Why are some people as well as nations righer than others? Wheelan source to be used as a source.

16. What can financial markets indicate about becoming wealthy very quickly. Wheelan source to be refrenced as well.

17. What does economics indicate about politics and vice versa? What are special interest groups?(Wheelan data necessary).

18. What indicators are necessary to determine a successful and thriving economy? What factors cause economies to surpass others yet eventually decline? Does a powerful economy always indicate a prosperous society for most everyone?(Wheelan data to be used
as well).

19. What is the Federal Reserve? Is it a force of good, bad or both? (Wheelan material to be consluted as well).

Reference no: EM131306848

Questions Cloud

How did the scientific revolution pose problems : How did the Scientific Revolution pose problems for Christian belief? How did the Enlightenment pose problems for Christian belief? Describe the general fundamentalist response to the Scientific Revolution and the Enlightenment.
Examine the budgets of any two agencies-choose something : Examine the budgets of any two agencies-choose something that interests you. For most agencies, you will see actual spending for this year and estimated spending for the next fiscal year.
Design a perceptron network to solve this problem : We have a classification problem with four classes of input vector.
Design a perceptron to recognize these patterns : Test the operation of your networks by applying several different input patterns. Discuss the advantages and disadvantages of each network.
What is the international monetary system : What is the International Monetary System? What are its' problems? How can payments imbalances become remedied? What is the Bretton Woods System? Who created it, when, and why?
How many neurons are required in each layer : A two-layer neural network is to have four inputs and six outputs. The range of the outputs is to be continuous between 0 and 1. What can you tell about the network architecture
Summarise literature in the field of occupational health : OHSE2630: OCCUPATIONAL HEALTH ASSIGNMENT. The first part assesses your ability to locate, summarise and reference appropriate literature in the field of occupational health
How is teamwork displayed in your life as it relates to role : How does effective teamwork look? How is teamwork displayed in your life as it relates to your current role? Why is teamwork a necessity for organizations? Does this help or hurt an organization if teamwork and collaboration is nonexistent?
Examine the concepts and effectiveness of reward : Analyze various philosophical approaches for ethical decision making, and the effectiveness and limits of each approach for making ethical choices.Analyze basic questions about morality, norms, and values.Examine the concepts and effectiveness of r..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd