| 1.
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Describe the impact that the international economy has on a given
country's economy. (I)
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| 2.
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Relate the impact that the international trade has upon the standard
of living of people in a domestic economy. (I)
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| 3.
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Identify the Law of Comparative Advantage and provide examples of its
application. (II)
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| 4.
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Define the importance of factor endowments as stated by the
Heckscher-Ohlin Theory. (II)
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| 5.
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Contrast Free Trade and Protectionism with one another and give
examples of each. (II)
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| 6.
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Describe and provide examples of Multilateral Trade Agreements. (II)
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| 7.
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Relate Trade Policy with the Theory of Economic Integration. (II)
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| 8.
|
Describe the specific processes involved in the foreign exchange
market. (III)
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| 9.
|
Describe the adjustment mechanisms used by nations used under flexible
and fixed exchanged rates systems. (III)
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| 10.
|
Describe the role of international trade and finance in developing
countries. (IV)
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| 11.
|
Describe the role of multinational corporations and
problems/opportunities it offers for countries. (V)
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| 12.
|
Describe the importance and function of international capital and
labor flows. (VI)
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