International Economics

Timeline of Economic Globalization (5)

Free Labour Movement

GDP

GNP

Purchasing Power Parity Dollars

International Dollar

Business and Increasing GDP

5 Types of Globalization

Price Wedge

Fragmentation of Production

Fisher Equation

Important Aspects of Macroeconomics (8)

National Governments and Regulating Markets (7)

Floating Currency

Effects of Sudden Currency Value Decrease (4)

Bond Market

Fiscal Policy

Laffer Curve

Business Cycle

Combating Recession (5)

Philips Curve

Causes of Stagflation (4)

Money Supply

Horizontal Activity

Vertical Activity

Target Canada Case Study

Balance of Payments

Balance of Payments Deficit

Balance of Payments Surplus

Reacting to Balance of Payment Deficit (4)

Current Account

Financial Account

Measuring Imports/Exports

Problems with Firm Statements (4)

Capital Account

Foreign Direct Investment (3 types)

3 Components of FDI

Flows vs Stocks

Rational Choice Theory

Producer Surplus

Consumer Surplus

Elasticity of Supply and Demand

Inelasticity

Marginal Revenue

Marginal Utility

Why is International Trade Good (3)

Arbitrage

Comparative Advantage

David Ricardo

Mercantilist Economic Thought

Ricardian Model Basics (4 assumptions)

Absolute Cost Advantage

Heckshcher-Olin-Samuelson Model

Isoquant

Lerner Diagram

Opportunity Cost

Negative Opportunity Cost

Types of Markets (8)

Types of Market Competition (7)

Firms "Going Public"

Venture Capital

Coordinated Market Economies

Stockholder Company

Management Team

Game Theory

Information Theory

Labour Economics

Ronald Coase

5 Problems Addressed by Theory of the Firm

Transaction Costs and Types (5)

Why are there Transaction Costs? (5)

Firms Doing Imperfect Competition

3 Sets of Return to Scale

Profit Maximization Problem

Average Costs

Monopolistic Competition

Flexicon

Why Protectionism? (4)

GATT/WTO

International Mergers and Acquisitions

Arguments for Trade Restriction (4)

Types of Protectionism (4)

Tariff Effect

Effects of Tariffs on Different Sects (4)

Subsidy

Common Agriculture Policy

Arguments for EU Agriculture Subsidies (5)

Voluntary Export Restraint (VER)

Trading Blocs

Trans Pacific Partnership (TPP)

Mercosur Case Study

3 Factors of Trading Costs

Free on Board (FOB)

Cost, Insurance, Freight (CIF)

Ad Valorem Rate

Decision Tree

Liabilities of Foreign Business (5)

Subsidiarity

Principle of Conferral in EU

Single Market Programme (EU)

Cockfield White Paper

Optimum Currency Area (OCA)