GLOBAL ECONOMICS
(International Trade)
Dr. Andrew L. H. Parkes
“A Macroeconomic Understanding for use in Business”
卜安吉
Syllabus and Our Course

The syllabus provides an
outline of what we will
cover during the term:
Chapters 1 through 11 of
the textbook.

This week we will cover
Chapters 1 and 2.
The required textbook
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2
Lectures and Practice Problems

Lectures: 4 hours per week I will
introduce the new material to you.

Practice Problems: We will do
assignments from my slides and from
the textbook.

You will have to prepare assignments for
every class; there is NO class without
homework.

You will do all of your own work during
the course. Copied assignments will be
given 0 marks.

Notice you must have access to WSJ, FT
(also investopedia.com – Forbes, etc.).
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Keep up to date with
Economics related issues
3
Grading
Mid-term test - 20%
 Final Exam
- 40%
 Homework
- 20%
 Quizzes
- 20%


Total
- 100%
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Global Economics
(Ch. 1)
Macroeconomics and
Microeconomics are
Required to understand
this coursr
 Definitions: You know
MANY of these already!
 Real GDP, CPI, GDP
deflator, Unemployment
rate, …

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SEE MY WEBSITE: andrewparkes.com
1.
2.
3.
4.
Often and regularly
Kept ahead of class
Links and PPT
Other information
Like this =>
Total Public Debt Outstanding
11/29/2007
$ 9,139,880,193,861.94
9/4/2008
$ 9,668,194,123,052.30
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Yuan trades at what rate today?

See my website for articles we discuss!

Three Goals of any MACROECONOMY
– Full Employment – Unemployment Rate
– Economic Growth – REAL GDP
– Price Stability - CPI
– KNOW what real GDP and CPI mean
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U. S. Real GDP 2000 - 2007
Forecast 3rd Qtr. 2.5% growth 4th … .6%?
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Prices of Gross Domestic Purchases
2000 - 2007
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KNOW WHO THE FED IS!?!

See my website if you need more info …
– PPT from week 2 or 3 Intro
– U.S. Macroeconomic Sites

People’s Bank of China
– Website is available from mine
– Know who they are and what they do!
– These are the most important financial
institutions in this class!
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Chapter 2 PPT is different
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