29 Dec Explain why some developing

GC ECN450 WEEK 1 DQ 1 & DQ 2

DQ 1

How does the Ricardian Model benefit the import and export of products from given countries? Are there risks in following the Ricardian Model? Provide examples.

DQ 2

How can a low-wage country such as China pose a threat to manufacturers in a highly industrialized country such as the United States?

GC ECN450 WEEK 2 DQ 1 & DQ 2

DQ 1

Based on your own Internet research, provide an argument for or against the continued use of the Trade Adjustment Assistance program. Respond to one fellow student who made the opposite case and rebut that student’s argument.

DQ 2

Discuss the benefits and challenges when implementing Industrial policy? How does comparative advantage relate the implementation of industrial policy?

GC ECN450 WEEK 3 DQ 1 & DQ 2

DQ 1

Why are the welfare implications of tariffs and quotas different? Under what circumstances are import quotas most similar to tariffs?

DQ 2

What are your feelings on protectionist trade policies? When are they appropriate, if ever? Can countries employ other tactics when trying to address the reasons they enlist protectionist trade policies?

GC ECN450 WEEK 4 DQ 1 & DQ 2

DQ 1

Do regional trade agreements promote free trade or do they just create another kind of trade barrier? Explain your answer. Why does the WTO permit regional trade agreements when they violate the “most favored nation” principle?

DQ 2

Discuss intellectual property and the major issues it has on international trade negotiations.

GC ECN450 WEEK 5 DQ 1 & DQ 2

DQ 1

Based on your own Internet research, describe two of the stages in the process of economic integration. How do these stages impact the path of economic integration?

DQ 2

Describe the effects labor migration has on the country of immigration, emigration, and the global world.

GC ECN450 WEEK 6 DQ 1 & DQ 2

DQ 1

Choose a country and retrieve the latest data on its budget deficit/surplus and its current balance and explain the relationship. Do government budget deficits always lead to current account deficits? Identify two other possible sources for current account deficits. Are current account deficits necessarily a problem? Explain.

DQ 2

Compare and contrast the three approaches to measuring aggregate economic activity.

GC ECN450 WEEK 7 DQ 1 & DQ 2

DQ 1

Based on your own Internet research, track the changes in the Euro/USD exchange rate since the Euro was launched in 2002. Which currency has appreciated and which has depreciated over the past 13 years? Provide two reasons why this has occurred.

DQ 2

Based on information retrieved from the latest EconomistBig Mac Index:

1. Choose one country that has an undervalued or overvalued currency and explain a possible reason for this.

2. Supply a counter response to a fellow student regarding the previous questions and provide your reason for why that country’s currency is under or overvalued.

GC ECN450 WEEK 8 DQ 1 & DQ 2

DQ 1

Explain why some developing countries have a “fear of floating” and opt instead for a fixed exchange rate regime. What are the risks inherent in this decision?

DQ 2

Describe one weakness and one strength of the gold standard. Do you agree with Milton Friedman that any system of pegged exchange rates is not a satisfactory system for countries with independent political systems; or do you agree with Ronald McKinnon when he says that the choice of exchange rate regime in a highly integrated global economy cannot be made by individual countries? Explain.