Economics, 3^rd Ed.

International Enterprise

The Open University

Publisher: The Open University, 2001

ISBN: 0-7492-7676-2

Synopsis:

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Table of Contents:

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0. Introduction
• Background to the unit
• Aims and objectives
• Overview of the unit
1. International Trade
• 1.1 The Nature of Specialization
• 1.2 The Determinants of Specialization
• 1.3 Trade in Services
• 1.4 Conclusion
2. International Investment
• 2.1 Direct Investment
• 2.2 Portfolio Investment
• 2.3 Conclusion
3. Payments
• 3.1 The Nature of Payments
• 3.2 The Balance of Payments
• 3.3 The Foreign Exchange Market
• 3.4 The Determination of Exchange Rates
• Purchasing Power Parity (PPP)
• Short-term Exchange Rate Determination
• 3.5 Exchange Rate policy: Intervention versus Non-Intervention
• 3.6 Economic and Monetary Union
• Background
• Optimal Currency Areas
• Economic Effect of the Euro
• What of the EU Countries Outside the Euro Zone?
• 3.7 Conclusion
4. Co-operation
• 4.1 Trade Co-operation
• 4.2 Monetary Co-operation
• 4.3 Conclusion
5. Appendix: Proof of Forward Margin Formula