Brian Butler: TBird int'l economics class 05
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Series of lectures from Brian Butler, given during fall 2008 session at Thunderbird Global MBA, Miami campus: This lecture 05: continue learning the basics of trade economics, starting with absolute advantage, comparative advantage, and looking at the economics of free trade
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This document provides an overview of key concepts related to international trade, including:
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3) Explanations of concepts like production possibility frontiers, comparative advantage, and how global markets work based on countries specializing in areas of comparative advantage and trading.
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1. Reasons countries trade due to differences in resources, tastes/preferences, and costs of production.
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This document provides an overview of key concepts in international trade including:
- The principles of absolute and comparative advantage which form the basis for beneficial trade between countries.
- Arguments for free trade and reasons countries engage in protectionism such as tariffs or quotas.
- Different levels of economic integration like free trade areas or customs unions.
- How terms of trade measure the exchange rate between a country's exports and imports.
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This document provides an overview of key concepts related to international trade, including:
1) Definitions of key trade terminology such as imports, exports, tariffs, quotas, and comparative advantage.
2) Examples of trade between Canada and the US to illustrate their economic relationship and reliance on trade through agreements like NAFTA.
3) Explanations of concepts like production possibility frontiers, comparative advantage, and how global markets work based on countries specializing in areas of comparative advantage and trading.
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The document discusses various topics related to international trade and business operations. It begins by asking students to read a handout about McDonald's community commitments. It then covers challenges and opportunities faced by international companies, examples of government policies that encourage international trade, and formal and informal barriers to trade. Examples of how companies like Walmart, Coca-Cola, and Nike address various challenges in different markets are provided. The document concludes by discussing currencies and other considerations for doing business internationally.
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This document provides an overview of topics related to international business and trade, including:
1. Actions governments can take to encourage international trade such as free-trade zones, free-trade agreements, and common markets.
2. Types of international trade barriers such as quotas, tariffs, and embargos imposed by governments. Cultural differences can also act as informal trade barriers.
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3. There are arguments for and against restricting trade, but economists generally argue free trade increases total welfare even if it makes some groups worse off. Protectionism aims to help losers from trade but typically reduces total gains.
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2. It explains the principle of comparative advantage and how specialization and trade allow countries to increase total production through gains from specialization even if one country is more productive in all areas.
3. Several multilateral agreements aimed to reduce trade barriers and promote free trade, including the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO), which oversees international trade agreements and disputes.
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This document discusses international trade and government policies around trade. It defines key terms like exports, imports, and comparative advantage. Countries will export goods they have a comparative advantage in producing and import goods they don't. The document outlines arguments for free trade, like increased specialization and efficiency, and more goods at lower prices. It also discusses protectionist views in favor of restricting trade, using policies like tariffs, quotas, and embargoes to protect domestic industries. International agreements and organizations that aim to facilitate trade are also covered.
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Part 6 switzerland - forum nexus finance class summer 2011
This document provides an introduction and expectations for a course on global finance and entrepreneurship taught by Brian Butler. It introduces Butler's background and qualifications, lists required readings and textbooks, and outlines expectations for the course including attending lectures, completing assignments, and participating in discussions and group work. The document also includes sample discussion questions on currencies and currency exchange rates related to countries like the US, UK, Eurozone, Switzerland, and others.
Part 5 paris - forum nexus finance class summer 2011
This document provides information about a guest lecturer, Brian David Butler, who teaches international finance courses. It outlines Butler's background and qualifications, including his work experience at various universities. It then provides expectations and requirements for the course, including assigned readings from two textbooks. Finally, it describes a group project that students will complete in three parts on topics related to the Eurozone crisis, fixed vs. floating exchange rates, and global reserve currencies.
Part 2 forum nexus finance class summer 2011
The document provides an overview of Brian Butler's guest lecture on international finance and global entrepreneurship. It introduces Brian and his background, then outlines the class expectations and schedule, including assignments, guest speakers, and topics to be covered like hedging foreign currency risk and tools for avoiding risk. Students will discuss recent economic events in Spain, a professional banking visit, and work in small groups on currency exchange problems. The goal is for students to understand risks in international finance and learn hedging techniques to protect against those risks.
Part 1 forum nexus finance class summer 2011
The document introduces Brian Butler, a professor of international finance and global entrepreneurship, who will be giving a guest lecture. It provides biographical details on Brian Butler, including his educational and professional background working in finance in various countries. It then outlines the course objectives and topics to be covered in the lecture, including an analysis of the global financial crisis and its impact on European economies and financial markets. Readings and assignments are also listed.
Part 7 switzerland - forum nexus finance class summer 2011
The document discusses international finance concepts including the "pyramid of promises", fixed vs. flexible exchange rates, and the size of the global financial system. It notes that the modern financial system represents a pyramid of promises totaling $140 trillion in 2005, with the US holding $52 trillion in promises. It describes how exchange rate systems have historically shifted between fixed and flexible regimes and explains some of the tradeoffs between the two approaches.
Part 4 switzerland- EU class winter 2010-11
Brian Butler is a professor who teaches about international finance and European studies. He was born in Canada, educated in the US, and has lived and worked in several countries including Switzerland, Ohio, New York, and currently Brazil. The document includes Butler's lecture schedule traveling through several European cities teaching classes. It also provides examples of lecture content and exam details.
Eu in slides_english 2010
The document provides an overview of the European Union (EU) in 3 paragraphs:
1) It describes the EU's population of 500 million across 27 member countries and candidate countries. It also mentions the vision of its founders to promote peace and prosperity through cooperation.
2) It discusses the history of the EU from its origins after World War 2 to the recent enlargements of 2004 and 2007 that brought in many eastern European countries.
3) It outlines the EU's goals to be more efficient, democratic, transparent and united, as well as secure, through policies addressing climate change, energy, the economy, and more.
Part 1 forum nexus eu class winter 2010 11
This document provides recommendations for sights to see and things to do during a free afternoon in Barcelona. It recommends visiting La Pedrera designed by architect Antoni Gaudi, as well as Casa Batllo and Sagrada Familia, both also designed by Gaudi. Additionally, it recommends checking out the National Art Museum of Catalonia located in Montjuic Hill, Plaza Catalunya, the Gothic Neighborhood, and the port and beaches. The document emphasizes exploring Barcelona's architecture and sights designed by modernist architect Antoni Gaudi.
Part 12 rhodes finance class summer 2010 forum nexus
This document contains notes from a lecture given by Brian Butler on international finance and global economics. It discusses several key topics:
- The risks to China of holding large US dollar reserves, including depreciation of the dollar and higher US inflation eroding the value of those reserves over time.
- The risks to the US from high debt levels and budget/trade deficits, but also why a US default is unlikely due to its ability to service debt in its own currency.
- The challenges faced by both China and the US - China wants to diversify reserves for better returns but also avoid currency appreciation, while the US relies on foreign demand for treasuries to fund its deficits.
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Part 6 switzerland - forum nexus finance class summer 2011
Part 6 switzerland - forum nexus finance class summer 2011
Part 5 paris - forum nexus finance class summer 2011
Part 5 paris - forum nexus finance class summer 2011
Part 7 switzerland - forum nexus finance class summer 2011
Part 7 switzerland - forum nexus finance class summer 2011
Part 12 rhodes finance class summer 2010 forum nexus
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