Exams are coming!
Get ready with premium notes and study guides!

Class Notes for Masoud Anjomshoa

  • 15 Results
  • About UTSG
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 9: Utility, Comparative Advantage, Diminishing Returns

OC9391473 Page
30 Apr 2016
10
Standard model of trade is hecksher-ohlin model, which is good to analyze the impacts of moving from autarky to free trade. But the standard model is u
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 2: Factor Endowment, Invisible Hand, Money Supply

OC9391479 Page
30 Apr 2016
19
As the cost of transportation is decreasing over time (death of distance), distance becomes less important for trade: gravity model has been very succe
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 4: Economic Equilibrium, Production Function, World Food Programme

OC9391476 Page
30 Apr 2016
10
Model does not explain sources of labour productivity differences. This could have worked in the 19th century when labour force was not that important.
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 14: Foreign Direct Investment, Capital Good, Final Good

OC9391475 Page
30 Apr 2016
6
Macroeconomic objective: stable and fast growing economy with fully employed resources (production factors), and stable prices. You do not want to over
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 16: Spot Contract, Japanese Yen, Forward Exchange Rate

OC9391476 Page
30 Apr 2016
7
If we assume that we have two countries, we can define two types of exchanges rates: nominal exchange rate: exchange rate between currencies, real exch
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 10: Zipper, Autarky, Protectionism

OC9391475 Page
30 Apr 2016
7
The traditional trade models assume that the production technology has no economies to scale. As we assumed constant returns to scale for our trade mod
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 6: Marginal Product, Shortage, Production Function

OC9391477 Page
30 Apr 2016
16
Two countries, two goods, x and y, and two production factors, capital k, and labour l (x labour intensive, y capital intensive) Technology is the same
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 18: Market Liquidity, Lead, Interest Rate

OC9391477 Page
30 Apr 2016
8
In asset approach to exchange rate determination, the interest rate determines the nominal exchange rate. Two types of assets: money needed for transac
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 19: Money Supply, Nominal Interest Rate, Interest Rate

OC9391475 Page
30 Apr 2016
10
Demand for wheat in canada, so exported from canada to uk. Demand for wheat in canada and supply in uk increase. Price of wheat in canada rises and it
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 1: Religion And Geography, Imperfect Competition, Optical Fiber

OC9391475 Page
30 Apr 2016
10
Trade has changed over time and will continue to change. Trade changes in the same way that the models are changing. Economic theories change to justif
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 22: Capital Outflow, Price Discrimination, Interest Rate

OC93914711 Page
30 Apr 2016
16
Long run vs. short run: in the long run, output is depending only on the available resources, so in the long run output is equal to full employment out
View Document
UTSGECO230Y1Masoud AnjomshoaFall

ECO230Y1 Lecture Notes - Lecture 12: Reservation Price, Competitive Equilibrium

OC9391472 Page
30 Apr 2016
15
View Document

Class Notes (1,100,000)
CA (650,000)
UTSG (50,000)
ECO (2,000)
Masoud Anjomshoa (10)