This document provides instructions for Test 1 in the FIN 6550 Financial and Economic Global Strategy course at William Paterson University. It outlines 5 essay questions that students must answer, with each essay being worth 20 points. Students are instructed to write approximately one single-spaced page for each question. The essay topics cover: 1) theories of international trade, 2) reasons for the US running trade deficits for 40 years, 3) the impossible trinity concept in fixed/flexible exchange rate regimes, 4) the evolution of the international monetary system, and 5) components of the balance of payments and factors affecting each account.
This document provides instructions for Test 1 in the FIN 6550 Financial and Economic Global Strategy course at William Paterson University. It outlines 5 essay questions that students must answer, with each essay being worth 20 points. Students are instructed to write approximately one single-spaced page for each question. The essay topics cover: 1) theories of international trade, 2) reasons for the US running trade deficits for 40 years, 3) the impossible trinity concept in fixed/flexible exchange rate regimes, 4) the evolution of the international monetary system, and 5) components of the balance of payments and factors affecting each account.
This document provides instructions for Test 1 in the FIN 6550 Financial and Economic Global Strategy course at William Paterson University. It outlines 5 essay questions that students must answer, with each essay being worth 20 points. Students are instructed to write approximately one single-spaced page for each question. The essay topics cover: 1) theories of international trade, 2) reasons for the US running trade deficits for 40 years, 3) the impossible trinity concept in fixed/flexible exchange rate regimes, 4) the evolution of the international monetary system, and 5) components of the balance of payments and factors affecting each account.
DEPARTMENT OF ECONOMICS, FINANCE AND GLOBAL BUSINESS
DR. TSANACAS
INSTRUCTIONS
I. YOUR GRADE DEPENDS ON YOUR CONVICTION,
CORRECTNESS, ELABORATION AND ELUCIDATION OF YOUR ANSWERS. II. EACH ESAY COUNTS 20 POINTS. III. YOU SHOULD WRITE ABOUT ONE PAGE SINGLE SPACED PER QUESTION
ESSAYS
1. Elaborate on the volume, the direction of trade and the
composition of trade using trade theories presented in the class 2. Explicate the key reason that the US has been running international deficits for the last close to 40 years, and, presently, is the largest debt nation globally. 3. Assess the impossible trinity concept in the context of the fixed/flexible exchange rate regimes 4. Trace the evolution of the international monetary system up the its current status and offer a judgment as to its future 5. What are the various account and balances of the Balance of payments and what are the major factors that affect the various entries in each of the accounts