Archive for the ‘Economics’ Category
Test reflection Section 4
Posted by: 11cresma on: February 9, 2011
I think I did fine overall, but I need to use more economic terms to be more precise in what I am saying. I need to remember to explain about opportunity cost, and fixed/floating/managed exchange rates in details to fully answer the question. Also, I need to revise supply side and demand side policies to [...]
Cambodia statistics
Posted by: 11cresma on: February 3, 2011
Cambodia HDI 0.494 GDP (PPP) $11.36 billion GDP/capita 1,952 Population Growth Rate 1.705% GINI coefficient 44.2 Unemployment rate 3.5% Dependency ratio 80 per 100 Crude death rate 8 Crude birth rate 25 Life expectancy at birth: 62.28 agriculture: 67.9% industry: 12.7% services: 19.5% Industries: tourism, garments, construction, rice milling, fishing, wood and wood products, [...]
Explain why a depreciation of a country’s exchange rate may not always lead to an improvement in its current account of the balance of payments.
Posted by: 11cresma on: January 19, 2011
Demands of the question (M08) 10 marks (paper 2) 20 minutes on it Explain how depreciation may lead to an improvement in its current account, and how it may not lead to it Definition Exchange rate: An exchange rate is the price of one currency expressed in terms of another. An exchange rate system is the [...]
Section 4
Posted by: 11cresma on: December 13, 2010
Currency war: US $ versus Chinese 元
Posted by: 11cresma on: December 8, 2010
Using information from your research and your knowledge of economics evaluate the US claim that China is manipulating its currency. The US and China are the two greatest power in the world right now. They have been trading, so exchanging goods and services, with each other for a long time now, since China opened up [...]
Hope might be in sight for the UK: The Marshall-Lerner Condition and the J-Curve
Posted by: 11cresma on: December 6, 2010
The UK’s currency depreciated, but since the exports and imports are demand inelastic, a change in price will not lead to a great increase in quantity; thus imports are more expensive but the quantity did not change, and exports are cheap but not more people demand it. Therefore, the Marshal Lerner condition was not filled out. Since [...]
Spain’s prison
Posted by: 11cresma on: December 6, 2010
Spain was one of the first countries who wanted to join the Euro Area, because it thought having a single currency would help them develop. Nevertheless, recently Spain has been in more trouble than other European countries such as Germany, but the Euro’s exchange rate and policies have to be one for all. Therefore, Spain [...]
Philippines Current Account Balance (via Abby’s Economic Blog)
Posted by: 11cresma on: December 6, 2010
Good Job The current account of the Philippines is currently in surplus. The surplus of the country in terms of GDP is 3.5%. It is expected to reach 0 by 2013. Right now, the country is in good condition since it's better off in surplus rather than in deficit. … Read More via Abby's Economic [...]
France Balance of Payments
Posted by: 11cresma on: November 29, 2010
Historical trends It has been in deficit since 2004. Current account deficit 2.67% of GDP Current account -56.13 billion $ GDP 2.097 trillion $
Free trade VS protectionism
Posted by: 11cresma on: October 6, 2010
There are different arguments for both free trade and protectionism. Different people argue different things, depending on their interests. I agree with both to some extent. Protectionism is good in the sense that it helps people to have a job and be able to live in normal conditions. It saves individual companies and we cannot forget [...]
