Showing posts with label Trade. Show all posts
Showing posts with label Trade. Show all posts
Wednesday, January 3, 2018

Another reminder of the importance of the supply chain for a good.

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Here is a graphic from a French publication that nicely illustrates the importance of the regional and global supply chain for inputs that g...
Wednesday, December 20, 2017

Do we buy stuff from Countries OR do we buy stuff from people? Here is a different look at US trade numbers.

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Trade numbers are published on a national level---comparing country to country. No problem with that, but here is another way to frame the n...
Tuesday, August 15, 2017

Wording for Correct answers for Foreign Exchange Market (FOREX) on the AP Macroeconomics FRQ's

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On the AP Macroeconomics exam you can be 99% certain you will be asked Foreign Exchange Market question(s) on the FRQ section of the test....
Monday, August 14, 2017

Absolute and Comparative Advantage for Dummies...like me.

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Here is my very detailed look at how to calculate Absolute and Comparative Advantage for AP Economics.  Overkill? Maybe, but it is a step by...
Wednesday, November 23, 2016

Wall Board (Sheet Rock) Tariffs Levied by Canada.

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I am kinda bored on Thanksgiving Eve.   Read this article on tariffs Canada is going to levy on Wall Board (Sheet Rock) that is used to fin...
Friday, November 18, 2016

Nice excerpt from the WSJ that illustrates Comparative Advantage.

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The following is from a WSJ article on the automaker Ford's decision to produce a model in the US versus perhaps moving production to Me...
Monday, September 5, 2016

Determining Comparative Advantage the "Easy Way'.

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One of the hardest concepts for students (and teachers!) in the beginning of an economics course is Comparative Advantage. Specifically, det...
Friday, September 2, 2016

Comparative Advantage using "OOO"---Output Other Over". A concise explanation...

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I put together the following slides to give you a step by step understanding of how this concept works. It can be confusing, as you have alr...

Comparative Advantage using "OOO"---Output Other Over". A concise explanation...

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I put together the following slides to give you a step by step understanding of how this concept works. It can be confusing, as you have alr...
Monday, September 15, 2014

Literally and figuratively the butter spread is getting wider. See how that affects trade flows.

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The price of butter has surged in recent days as well as recent months. Here is a graph I created showing the price of butter in the US and ...
Thursday, February 20, 2014

How much did foreign citizens working in the US earn and send home in 2013? And where is home? See the BIG numbers here...

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When we study Balance of Payments ( see here for latest report) as a part of the International Trade unit, one topic that is always of inte...
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