Reading International
Organisation Data Sources
or everything you wanted to know about
international business and the economy
Bryane Michael, Linacre College
Copyright Notice
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I have confined myself to publicly available
information sources which are reprinted on
these slides for comment and teaching
purpose.
While I believe I am legally within my rights to
use these and put on the Internet, I will
remove material if requested to do so.
Motivation
The master-economist ... must be mathematician, historian, statesman, philosopher...
He must understand symbols and speak in words. He must contemplate the particular
in terms of the general and touch abstract and concrete in the same flight of thought.”
J. M. Keynes "Alfred Marshall, 1842-1924" The Economic Journal, (Sept.,1924)
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It is my job to teach you how to touch that abstract and
concrete at the same time
On these slides you get the data, on the chalk board I
will present the models. You will see a real tour
d’horizon, all the models pari passu!
For those in the international economics cycle, this is
your overview.
For those in the international business cycle, this is all
the economics you will know and need!
Sources
ILO. (2004). KEY INDICATORS OF THE LABOUR MARKET.
Available at:
http://www.ilo.org/public/english/employment/strat/kilm/chartsind.htm
IMF. (2004). World Economic Outlook. September. Available at:
http://www.imf.org/external/pubs/ft/weo/2004/02/index.htm
OECD. (2004). Financial Market Trends No. 87, October. Available at:
http://www.oecd.org/dataoecd/51/16/33848580.pdf
World Bank. (2004). Global Economic Prospects 2004 Realizing the Development Promise of the Doha Agenda. Available at:
http://www.worldbank.org/prospects/gep2004/full.pdf
World Economic Forum. (2004). Global Competitiveness Report.
Available at: http://www.weforum.org/site/homepublic.nsf/Content/
Global+Competitiveness+Programme%5CGlobal+Competitiveness+Report
A First Look at the Wealth of Nations
Source: World Bank (2004)
Fast is better than Big
(or optimise, don’t maximise)
Source: World Bank (2004)
The Factors of Production
Source: World Bank (2004)
Introduction to the 3 Sectors (OECD)
Source: World Bank (2004)
The 3 Sectors World-wide
Source: World Bank (2004)
A Primer in S&D
Source: World Bank (2004)
A First Look at Investment
Source: World Bank (2004)
Investment and the Stockmarket
Source: OECD (2004)
Risk versus Return
Source: OECD (2004)
The Role of Interest Rates
Source: OECD (2004)
Interest Rates and Investment
Source: OECD (2004)
Debt Markets
Source: OECD (2004)
Capital in the North and South
Source: OECD (2004)
Risk returns
Source: OECD (2004)
We should now be able to tell a story
Source: World Bank (2004)
Portfolio Allocation Decisions
Source: World Bank (2004)
Imperfect Markets of Finance?
Source: OECD (2004)
US and Twin Deficits?
Source: World Bank (2004)
NX and Structuralism
Source: IMF (2004)
Trade to the Periphery
Source: IMF (2004)
Trade and its Contents
Source: World Bank (2004)
Trade and its Discontents
Source: World Bank (2004)
IS and LM
Source: IMF (2004)
Tying G and e and Y and ...
Source: IMF (2004)
A Quick Look at EMU
Source: IMF (2004)
Source: World Bank (2004)
Trade and Production Redux
Whence Exchange Rates?
Source: World Bank (2004)
Why care about nominal variables?
International Finance
Source: OECD (2004)
FDI and Investment
The Role of f(x)
Labor Markets
Source: ILO (2004)
What goes in comes out (w=mpL)
Source: ILO (2004)
What says H-O?
Source: ILO (2004)
Poverty of Wealthy Nations
Source: ILO (2004)
Nominal versus Real: What Role Prices?
Source: World Bank (2004)
Prices as Redistribution
Source: OECD (2004)
Practice What you Learn
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Using the theories and data, we will make
informed guesses about the future evolution
of Exchange Traded Funds.
See
http://users.ox.ac.uk/~scat1663/Index%20Mai
n%20Items/ETFs.htm
How you arrive at your answer will be more
important than the result for our purposes.