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Economics |
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Economies and Economics of the European UnionHistorical perspective on differences in economic systems, policies and performance; effects of integration such as reduction in trade barriers and monetary union on current issues of enlargement, stability and growth. Introduction to International EconomicsAn introduction to comparative advantage in simple and extended models; the arguments for and against free trade and the evolution of international trade relations; the Balance-of-Payments and foreign exchange markets: the "fixed vs. floating" debate and the evolution of the IMF and international monetary system; the World Bank and problems of less-developed-countries. Trade Theory and PolicyTheory of trade including Ricardian and Standard (neoclassical) models: determinants of the pattern of trade, terms of trade and the gains from trade; Heckscher-Ohlin (H-O) and Factor Price Equalization (FPE) theorems; the effects of tariffs and quotas. Post-WWII trade policy: the GATT and the WTO; regionalization and current trade issues, including developed and developing-country relations. International Monetary and Financial EconomicsOpen-economy macroeconomics under alternative exchange-rate regimes: short- and long-run models; spot and forward market equilibria; hedging. The post-WWII international monetary system: from Bretton Woods to floating rate; European Monetary Union (EMU) and the pros and cons of exchange-rate regimes; problems of economic transition and development and the role of the International Monetary Fund. Websites related to economic activity in Barcelona |
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