global economics (international trade) dr. andrew l. h. parkes “a macroeconomic understanding for...

GLOBAL ECONOMICSGLOBAL ECONOMICS(International Trade)(International Trade)

Dr. Andrew L. H. ParkesDr. Andrew L. H. Parkes““A Macroeconomic Understanding for use in A Macroeconomic Understanding for use in

Business”Business”

卜安吉卜安吉

Global Economics, Day 1Global Economics, Day 1 22

Syllabus and Our CourseSyllabus and Our Course

The syllabus provides an The syllabus provides an outline of what we will outline of what we will cover during the term: cover during the term: Chapters 1 through 11 of Chapters 1 through 11 of the textbook.the textbook.

This week we will cover This week we will cover Chapters 1 and 2.Chapters 1 and 2.

The required textbook


Lectures and Practice Lectures and Practice ProblemsProblems

Lectures:Lectures: 4 hours per week I will 4 hours per week I will introduce the new material to you.introduce the new material to you.

Practice Problems:Practice Problems: We will do We will do assignments from my slides and assignments from my slides and from the textbook.from the textbook.

You will have to prepare assignments You will have to prepare assignments for every class; there is NO class for every class; there is NO class without without homework. homework.

You will do You will do all of your own workall of your own work during during the course. the course. Copied assignments will be Copied assignments will be given 0 marks.given 0 marks.

Notice you must have access to WSJ, FT Notice you must have access to WSJ, FT (also investopedia.com – Forbes, etc.).(also investopedia.com – Forbes, etc.).

Keep up to date withEconomics related issues


GradingGrading

Mid-term test - 20%Mid-term test - 20% Final ExamFinal Exam - 40% - 40% Homework Homework - 20% - 20% QuizzesQuizzes - 20% - 20%

Total Total - 100% - 100%


Global EconomicsGlobal Economics (Ch. 1) (Ch. 1) Macroeconomics and Macroeconomics and

Microeconomics are Microeconomics are Required to understand Required to understand this coursrthis coursr

Definitions: You know Definitions: You know MANY of these already!MANY of these already!

Real GDP, CPI, GDP Real GDP, CPI, GDP deflator, deflator, Unemployment rate, …Unemployment rate, …


SEE MY WEBSITE: SEE MY WEBSITE: andrewparkes.comandrewparkes.com

1.1. Often and regularlyOften and regularly

2.2. Kept ahead of classKept ahead of class

3.3. Links and PPT Links and PPT

4.4. Other informationOther information

Like this =>Like this =>Total Public Debt Outstanding

$ 9,139,880,193,861.94 11/29/2007

$ 9,668,194,123,052.30 9/4/2008


Yuan trades at what rate Yuan trades at what rate today?today?

See my website for articles we See my website for articles we discuss!discuss!

Three Goals of any Three Goals of any MACROECONOMYMACROECONOMY

– Full Employment – Unemployment RateFull Employment – Unemployment Rate

– Economic Growth – REAL GDPEconomic Growth – REAL GDP

– Price Stability - CPIPrice Stability - CPI

– KNOW what real GDP and CPI meanKNOW what real GDP and CPI mean


U. S. Real GDP 2000 - 2007U. S. Real GDP 2000 - 2007

Forecast 3rd Qtr. 2.5% growth 4th … .6%?


Prices Prices of Gross Domestic of Gross Domestic Purchases 2000 - 2007Purchases 2000 - 2007


KNOW WHO THE FED IS!?!KNOW WHO THE FED IS!?!

See my website if you need more See my website if you need more info …info …– PPT from week 2 or 3 IntroPPT from week 2 or 3 Intro– U.S. Macroeconomic SitesU.S. Macroeconomic Sites

People’s Bank of ChinaPeople’s Bank of China– Website is available from mineWebsite is available from mine– Know who they are and what they do!Know who they are and what they do!– These are the most important financial These are the most important financial

institutions in this class!institutions in this class!


Chapter 2 PPT is differentChapter 2 PPT is different

global economics (international trade) dr. andrew l. h. parkes “a macroeconomic understanding for...

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