MIME-Version: 1.0 Content-Location: file:///C:/32C460D2/Sawyerreview2.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" Econ 270: INTERNATIONAL ECONOMICS (3)

Econ 270: INTERNATIONAL ECONOMICS  =

 

REVIEW GUIDE for the SECOND EXAM:

 

 

I.       Tarif= fs

        &= nbsp;          a.       Produ= cer and consumer surplus

        &= nbsp;          b.       Analy= sis of a tariff:  small and large cou= ntry cases

        &= nbsp;           &nbs= p;            &= nbsp;    1.       Impac= t on prices, output, and consumption

        &= nbsp;           &nbs= p;            &= nbsp;    2.       Effec= t on resource allocation    =             &nb= sp;            =             &nb= sp;                 &= nbsp;         

        &= nbsp;           &nbs= p;            &= nbsp;    3.       Dead = weight costs and income distribution

        &= nbsp;           &nbs= p;            &= nbsp;    4.       Reading and under= standing the graphs

        &= nbsp;          c.       Effec= tive rates of protection and nominal rates of protection

        &= nbsp;

II.      Quotas=

        &= nbsp;          a.       Compa= rison with tariff

        &= nbsp;          b.       Graph analysis and understanding

        &= nbsp;           &nbs= p;            &= nbsp;    1.       Impac= t of the quota on prices, output

        &= nbsp;           &nbs= p;            &= nbsp;    2.       Effec= t on resource allocation

        &= nbsp;           &nbs= p;            &= nbsp;    3.       Losse= s and gains

        &= nbsp;          c.       VER a= nd other restrictions

        &= nbsp;          d.       The Politics of Quotas and Tariffs

 

III.     Costs of Protecti= onism (especially in the Choice)

        &= nbsp;          a.       Polit= ical economy of protectionism: voting models

        &= nbsp;          b.       Usual reasons for protecting markets

        &= nbsp;           &nbs= p;            &= nbsp;    1.       Infant industries

        &= nbsp;           &nbs= p;            &= nbsp;    2.       Natio= nal defense

        &= nbsp;           &nbs= p;            &= nbsp;    3.       Retal= iation

        &= nbsp;           &nbs= p;            &= nbsp;    4.       Indus= trial policy

        &= nbsp;         

IV.      Trade Regulations and Policies=

        &= nbsp;          a.       The W= TO: background and practices

        &= nbsp;          b.       Dumpi= ng

        &= nbsp;          c.       Types= of Trading Arrangements

        &= nbsp;          d.       The European Union

        &= nbsp;           &nbs= p;            &= nbsp;    1.       Backg= round

        &= nbsp;           &nbs= p;            &= nbsp;    2.       Common Agricultural Policy

        &= nbsp;           &nbs= p;            &= nbsp;    3.       Monet= ary issues

 

V.      Any or Ever= ything From Test 1