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1、国际经济学复习范围题型：一、 名词解释（共5小题，每小题3分，共15分）二、 判断题（共15小题，每小题1分，共15分）三、 简答题（共5小题，每小题8分，共40分）四、 论述题（共2题，每题15分，共30分）范围：I. Explain the following terms.1. Interindustry trade2. Intraindustry trade3. Intraproduct trade4. The Balance of PaymentA countrys balance of payments accounts keep track of both its payments
2、 to and its receipts from foreigners.Every international transaction automatically enters the balance of payments twice: once as a credit (+) and once as a debit (-).5. Comparative AdvantageA country has a comparative advantage in producing a goods if the opportunity cost of producing that goods in
3、terms of other goods is lower in that country than it is in other countries.6. Stolper-Samuelson Theorem (effect)If the relative price of a good increases, holding factor supplies constant, then the nominal and real return (in terms of both goods) to the factor used intensively in the production of
4、that good increases, while the nominal and real return (in terms of both goods) to the other factor decreases.The reverse is also true.7. Heckscher-Ohlin TheoremA country will export that commodity which uses intensively its abundant factor and import that commodity which uses intensively its scarce
5、 factor.8. Factor-Price Equalization TheoremInternational trade leads to complete equalization in the relative and absolute returns to homogeneous factors across countries.It implies that international trade is a substitute for the international mobility of factors.9. Optimum tariffThe tariff rate t
6、hat maximizes national welfareIt is always positive but less than the prohibitive rate that would eliminate all imports.It is zero for a small country because it cannot affect its terms of trade.10. Exchange Rate Overshooting11. purchasing power parity (PPP)The exchange rate between two counties cur
7、rencies equals the ratio of the counties price levels.It compares average prices across countries.12. Law of one priceIdentical goods sold in different countries must sell for the same price when their prices are expressed in terms of the same currency.13. The Fisher EffectIt is a hypothesis in inte
8、rnational finance that suggests differences in nominal interest rates reflect expected changes in the spot exchange rate between countries. he hypothesis specifically states that a spot exchange rate is expected to change equally in the opposite direction of the interest rate differential.14.The J-C
9、urveIf imports and exports adjust gradually to real exchange rate changes, the CA may follow a J-curve pattern after a real currency depreciation, first worsening and then improving. It describes the time lag with which a real currency depreciation improves the CA.15. managed floating exchange rates
10、A system in which governments attempt to moderate exchange rate movements without keeping exchange rates rigidly fixed.16. sterilized interventionCentral banks sometimes carry out equal foreign and domestic asset transactions in opposite directions to nullify the impact of their foreign exchange ope
11、rations on the domestic money supply.17. Capital flightThe reserve loss accompanying a devaluation scareThe associated debit in the balance of payments accounts is a private capital outflow.18.vehicle currencyA currency that is widely used to denominate international contracts made by parties who do
12、 not reside in the country that issues the vehicle currency.19.interest parityInterest Parity: The Basic Equilibrium ConditionThe foreign exchange market is in equilibrium when deposits of all currencies offer the same expected rate of return.The expected returns on deposits of any two currencies ar
13、e equal when measured in the same currency.20.inflation biasHigh inflation with no average gain in output that results from governments policies to prevent recessionII. Give a T(True) or a F(False) for each of the following sayings.涉及每章重要的知识点。III. Answer the following questions.1 How about the basic
14、 reasons for which countries engage in international trade? Countries engage in international trade for two basic reasons:They are different from each other in terms of climate, land, capital, labor, and technology.They try to achieve scale economies in production.2.What about the basic viewpoints o
15、f the Heckscher-Ohlin theory?In the real world, while trade is partly explained by differences in labor productivity, it also reflects differences in countries resources.The Heckscher-Ohlin theory:Emphasizes resource differences as the only source of tradeShows that comparative advantage is influenc
16、ed by:Relative factor abundance (refers to countries)Relative factor intensity (refers to goods)Is also referred to as the factor-proportions theory3.How about the International effects of export-biased and import-biased growth?Export-biased growth in the rest of the world improves our terms of trade, while i
