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Test of international economy
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Test of international economy
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Name student:Student nr:
SECTOR ECONOMIE
GEGEVENSBLAD
COURSE : International Economics, Int. Zaken doen A,
DATE : June 2016
TIME : 90 minutes
( RE-)EXAM : Exam
TEACHER :
NUMBER OF QUESTIONS : 20 Questions
APPENDICES : no
PERMITTED AIDS : calculator , any dictionary (also digital)
ALLOWED LITERATURE : Open book/ all personal written material
(also old exams!) is allowed. This is the
standard policy of all exams of
HAND IN QUESTIONS : YES
Don’t forget to write your name, class and student number on this copy
(and, if you needed them, other papers)!
Validation: Question A 16 points
Question B 23 points
Question C 28 points
Question D 33 points
________
Total maximum 100 points
, Indicative
points for
Type of the final
The topics of the assessment matrix are mixed in the questions questions mark
PPF, advantages of international trade, theory of absolute and Examine/
comparative trade identify 15
Reasons for Trade; endowments, variety, quality, specialization,
political
Absolute and comparative advanteades, opporuntiy costs and cost
ratios
Protectionism and trade barriers identify,
explain
Free Trade, types of protectionism, arguments for and against, WTO 25
Globalization, Trading blocs, FTA, Custom unions, common market,
trade creation and diversion, obstacles
Balance of payments Apply,
calculate 10
Balance of payments, current account, balance of trade, invisbile
balance, Capital account
Foreign Exchange rates , interest rates Calculate/
describe 10
Exchange rates, fixed, floating, managed, depreciation, devaluation,
appreciation, revaluation, PPP
Marshall learner condition, J curve
World trade organizations 10
IMF, WTO, economic integration Explain, apply
Growth and developments 10
Sources, consequences of growth, barriers to development
Development models, Identify,
suggest,
explain 10
Growth and development strategies Harrod Domar, Social, political
factors, dual sector, sustainable development
types of aid, export led, import substitution, fair trade, micro credit,
FDI,
bonus 10
Written Open book examination =100
, Name: ……………………………….
Student nr.: …………………………
Exam “International Economics”
Topics from: Economics- In terms of the Good, the Bad and the Economist, Parts 4 & 5, lectures,
pptx’s, Any written material is allowed (dictionary, book, personal texts, etc…).
Questions A (16 points)
1. (4p,4p) Cities in Europe (see map) can improve their comparative
advantage.
Give an example of such a city in Europe doing this and explain how and
why this leads to trade.
Een stad in Europa kan zijn comparatieve voordelen bevorderen. Geef een voorbeeld van
een stad in Europa die dit doet, leg uit hoe en waarom dit tot handel leidt.
Map: Europe
Example + explanation Voorbeeld + uitleg
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