ECON 5319 The Global Economy
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Students study theoretical fundamentals and practical data on topics such as international trade, business policy (such as tariffs and quotas), and international finance. The first part of this ECON 5319 The Global Economy course focuses on the impact of international trade and business policies on welfare. The second part is devoted to the macroeconomics of international finance and the open economy, including the foreign exchange market, balance of payments and international parity conditions.
In some cases, these two terms represent completely different concepts of "international" or "global economy" that are measured separately and differ from the national economy, while "world economy" is simply the sum of the dimensions of each country. In addition to the minimum standards for the value of production, use and exchange, the definition of the world economy indicates that there are large differences in models and estimates. This is inseparable from the geography and ecology of the Earth.
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