Understanding Global Economy: Trade, Production, and Policy Insights
Explore the dynamics of the global economy, including production possibilities, trade patterns, comparative advantage, and macroeconomic models. Learn about key concepts and trends shaping the interconnected world of economics.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Chapter 14 Chapter 14 The Global The Global Economy Economy and Policy Policy and
Figure 14.1 Portugals Production Possibilities Frontier Figure 14.1 Portugal s Production Possibilities Frontier
Figure 14.2 Englands Production Possibilities Frontier Figure 14.2 England s Production Possibilities Frontier
Table 14.1 Production, Exchange, and Consumption of Wine and Cloth Table 14.1 Production, Exchange, and Consumption of Wine and Cloth
Table 14.2 Opportunity Cost and Comparative Advantage Table 14.2 Opportunity Cost and Comparative Advantage
Figure 14.3 Trade as a Percentage of Production, World and United States, Figure 14.3 Trade as a Percentage of Production, World and United States, 1960 1960 2017 2017 Source: World Development Indicators, World Bank, 2019. Note: Since this measure includes both imports and exports, it does not mean that over 50 percent of all produced goods and services in the world are traded it counts the same goods both as exports from one country and imports to another.
Figure 14.4. Exports and Imports as a Percent of GDP, Select Countries, 2017 Figure 14.4. Exports and Imports as a Percent of GDP, Select Countries, 2017 Source: World Bank, World Development Indicators online database.
Figure 14.5 Leakages and Injections in a Complete Macroeconomic Model Figure 14.5 Leakages and Injections in a Complete Macroeconomic Model
Figure 14.6 A Foreign Exchange Market for Dollars Figure 14.6 A Foreign Exchange Market for Dollars
Figure 14.7 A Supply Shift in a Foreign Exchange Market Figure 14.7 A Supply Shift in a Foreign Exchange Market
Table 14.3 U.S. Balance of Payments Account (2018, billions of dollars) Table 14.3 U.S. Balance of Payments Account (2018, billions of dollars) Source: U.S. Bureau of Economic Analysis, U.S. International Transactions Accounts Data, table 1, with rearrangements and simplifications by authors. *Also includes the net value of financial derivatives (financial instruments whose values are linked to an underlying asset, interest rate, or index, such as futures or options).
