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ECO 322 International Economics

NCE3 levelSocial Sciences9 topics

ECO 322 covers 9 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Domestic versus International Trade
  2. Theories of International Trade: Absolute Advantage, Comparative advan tage;
  3. Commercial policies and theory of customs unions
  4. Economic integration: types and advantages, ECOWAS etc., prospects and
  5. Balance of payments: - concepts, problems and adjustments of disequilibrium:
  6. International financial institutions:- IMF, IBRD, GATT, UNCTAD
  7. International trade and economic development
  8. Contemporary international economic problems: the debt problem; South/South
  9. Dialogue, the Group of 7 or other similar phenomena.

A sample from this course

One topic, as StudyPath teaches it.

Domestic versus International Trade

Domestic trade refers to exchange of goods and services within a country's borders, while international trade involves exchange across national boundaries. For exam success, you must master the basis of comparison between the two, especially differences in currency, mobility of factors, trade barriers, legal systems, transport cost, and policy implications.

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