What This Document Is
This is a final review handout for ECON 335, The International Economy, at California State University, Fullerton. It’s designed to help students prepare for a comprehensive final exam covering key concepts and models discussed throughout the Spring 2019 semester. The handout consolidates major themes from several chapters into a focused review resource.
Why This Document Matters
This review is essential for students enrolled in ECON 335 who are preparing for their final exam. It serves as a concentrated checklist of topics the instructor considers important. Utilizing this handout allows students to efficiently identify areas needing further study and reinforce their understanding of international economic principles. It’s most valuable when used *in conjunction with* course notes, textbooks, and prior assignments.
Common Limitations or Challenges
This handout is a *review* – it doesn’t provide original instruction. It assumes familiarity with the course material. It’s not a substitute for attending lectures, completing readings, or engaging with the full course content. It also doesn’t offer detailed explanations or worked examples; it simply points to key areas.
What This Document Provides
This review covers the following topics:
* **International Economic Integration:** Stages of integration (Partial Trade Agreement through Full Economic Union).
* **Comparative Advantage:** The Ricardian Model, its assumptions, and its impact on wages and jobs.
* **Trade Policy:** Tariffs, quotas, deadweight loss, and the impact of protectionist policies like those implemented by the Trump administration.
* **Exchange Rates:** Supply and demand dynamics, factors influencing currency appreciation/depreciation, and the European Monetary Union.
* **Macroeconomic Policy:** GDP components, fiscal and monetary policy (expansionary/contractionary), and their effects on interest rates and currency values.
* **Financial Crises:** Types of crises, concepts like moral hazard and securitization, and case studies (Mexico 1994, Asia 1997-98, 2008).
* **Global Economic Landscape:** The U.S. role in the world economy, trade partners, USMCA, TPP, and T-TIP.
* **Regional Economics:** The European Union and Latin American economic models (Import Substitution, Washington Consensus, Neoliberalism).
This preview *does not* include detailed explanations of the models, figures, or tables referenced within the full handout. It also does not include the specific questions that may appear on the exam.