Lecture 2 demand and supply
Money Growth and Inflation
M ONEY G ROWTH AND I NFLATION ETP Economics 102 Jack Wu.
Chapter 9 The Political Economy of Trade Policy. -2 The Case for Free Trade National Welfare Arguments against Free Trade Income Distribution and.
Chapter 9 The Political Economy of Trade Policy Prepared by Iordanis Petsas To Accompany International Economics: Theory and Policy International Economics:
1 Supply and Demand. 2 Overview It has been said you can teach a parrot economics by having the bird say “supply and demand.” That would be decent. But,
Money Growth and Inflation. THE CLASSICAL THEORY OF INFLATION Inflation is an increase in the overall level of prices. Hyperinflation is an extraordinarily.
1 Supply and Demand. 2 In economics we use a model of supply and demand in an attempt to understand market outcomes for a good or service. Of particular.
Introduction Basic Tariff Analysis Costs and Benefits of a Tariff Other Instruments of Trade Policy The Effects of Trade Policy: A Summary
Slide 6-1 Introduction Countries engage in international trade for two basic reasons: Countries trade because they differ either in their resources or.
1 BA 187 – International Trade Krugman & Obstfeld, Chapter 8 Instruments of Trade Policy.
Instruments of Trade Policy GTGKG213SZ. Introduction –What are the effects of various trade policy instruments? Who will benefit and who will lose from.
