SURVEY OF INTERNATIONAL ECONOMICS COURSEMODULE 10: Textbook Reading: The Whole Truth about Trade Imbalances US Trade Deficits and Unemployment Presentation Slides:Recent Events/Analysis: |
OVERVIEWThis session dispels the popular notion that trade deficits are "bad" and trade surpluses are "good". The material highlights the intertemporal borrowing and lending associated with trade imbalances and notes situations in which each of these could be appropriate (or inappropriate) for nations. Key factors needed to determine the seriousness of a trade imbalance are discussed and a case study for the US is presented.
VIDEO LECTURE
This lecture was recorded in Fall 2016. It is 77 minutes long.
ANSWER KEYClick HERE for answers to the textbook questions. |