Answer two questions in an essay form
1. What can financial markets indicate about becoming wealthy very quickly?
2. What does economics indicate about politics and vice versa? What are special interest groups?
answer the 2 following questions in 2 separate essays 6 pages each.
Basic Terminology: Be able to incorporate as many of of the following basic political economic terms as possible into each of the two essays of choice from the second category. ** Do be certain to incorporate other useful data from the Wheelan text, and various suggested scholarly IPE books and articles as well.**
David Ricardo, “Comparative Advantage,” “The Iron Law of Wages,” and “Theory of Rents.”
Anne-Robert Turgot and Jean-Baptiste Say
Physiocrats
Charles Fourier and Count Sainte-Simon
Utilitarianism
Karl Marx
William Stanley Jevons and Leon Walras
Historical Economics and the Marshallian School
East Asian Model of Developement
Export Oriented Strategy
Rent Seeking
Structural Adjustment Programme
Efficiency Oriented Investment
Foreign Direct Investment
Horizontal Integration
Intangible Asset
Locational Advantages
Market Oriented Investment
Natural Resource Investment
Positive Externalities
Specific Asset
Vertical Integration
Calvo Doctrine
Export Processing Zone
Locational Incentives
Multilateral Agreement on Investment
Obsolescing Bargain Performance Requirement
Trade Related Investment Measures
United Nations on Permanent Sovereignty over Natural Resources
Balance of Payments and Balance of Payments Adjustment
Bretton Woods System
Capital Account
Conditionality
Current Account
Exchange Rate System and Exchange Restrictions
Fixed Exchange Rate System and Fixed but Adjustable Exchange Rate System
Floating Exchange Rate System
Foreign Exchange Market
Foreign Exchange Reserves
Fundamental Disequilibrium
Managed Float
Speculative Attacks
Stabilization Fund
European Monetary System
International Investment Position
Louvre Accord, Monetary Accord, and Plaza Accord
Target Zone
Phillips Curve
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