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ECN 450 Full Course Discussions GCU
ECN 450 Topic 1 DQ 1
How does the Ricardian Model benefit the import and
export of products from given countries? Are there risks in following the
Ricardian Model? Provide examples.
ECN 450 Topic 1 DQ 2
How can a low-wage country such as China pose a threat to
manufacturers in a highly industrialized country such as the United States?
ECN 450 Topic 2 DQ 1
Based on your own Internet research, provide an argument
for or against the continued use of the Trade Adjustment Assistance program.
Respond to one fellow student who made the opposite case and rebut that
student’s argument.
ECN 450 Topic 2 DQ 2
Discuss the benefits and challenges when implementing
Industrial policy? How does comparative advantage relate the implementation of
industrial policy?
ECN 450 Topic 3 DQ 1
Why are the welfare implications of tariffs and quotas
different? Under what circumstances are import quotas most similar to tariffs?
ECN 450 Topic 3 DQ 2
What are your feelings on protectionist trade policies?
When are they appropriate, if ever? Can countries employ other tactics when trying
to address the reasons they enlist protectionist trade policies?
ECN 450 Topic 4 DQ 1
Do regional trade agreements promote free trade or do
they just create another kind of trade barrier? Explain your answer. Why does
the WTO permit regional trade agreements when they violate the “most favored
nation” principle?
ECN 450 Topic 4 DQ 2
Discuss intellectual property and the major issues it has
on international trade negotiations.
ECN 450 Topic 5 DQ 1
Based on your own Internet research, describe two of the
stages in the process of economic integration. How do these stages impact the
path of economic integration?
ECN 450 Topic 5 DQ 2
Describe the effects labor migration has on
the country of immigration, emigration, and the global world.
ECN 450 Topic 6 DQ 1
Choose a country and retrieve the latest data on its
budget deficit/surplus and its current balance and explain the relationship. Do
government budget deficits always lead to current account deficits? Identify
two other possible sources for current account deficits. Are current account
deficits necessarily a problem? Explain.
ECN 450 Topic 6 DQ 2
Compare and contrast the three approaches to measuring
aggregate economic activity.
ECN 450 Topic 7 DQ 1
Based on your own Internet research, track the changes in
the Euro/USD exchange rate since the Euro was launched in 2002. Which currency
has appreciated and which has depreciated over the past 13 years? Provide two
reasons why this has occurred.
ECN 450 Topic 7 DQ 2
Based on information retrieved from the latest Economist Big Mac
Index:
1. Choose one country that has an undervalued
or overvalued currency and explain a possible reason for this.
2. Supply a counter response to a fellow
student regarding the previous questions and provide your reason for why that country’s
currency is under or overvalued.
ECN 450 Topic 8 DQ 1
Explain why some developing countries have a “fear of
floating” and opt instead for a fixed exchange rate regime. What are the risks
inherent in this decision?
ECN 450 Topic 8 DQ 2
Describe one weakness and one strength of the
gold standard. Do you agree with Milton Friedman that any system of pegged
exchange rates is not a satisfactory system for countries with independent
political systems; or do you agree with Ronald McKinnon when he says that the
choice of exchange rate regime in a highly integrated global economy cannot be
made by individual countries? Explain.
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