International Economic Relations

at Maastricht University

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JUNE 07
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Complaints??????
Any complaints? :(
Why is it A?
what question?
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how is question 39 done?
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Thats the 150000-40000=110000
110000 units of imports
Can someone explain Q50 please?
its cause they sell fewer goods to home at a lower price. this is also called beggar-thy-neigbour (a loss in foreig PS)
The question mentions that Indonesia decides to maintain capital mobility and fixed exchange rate, so no monetary policy, but then the answer says Indonesia defends the peg by monetary intervention? how is this possible
isnt it cause it says in the main question that this all happens in the short run meaning that monetary policies can happen in a fixed exchange rate system
How is question 4 solved ?
(1+Ih)-1.02*1.224/1.16-7.63% UIP formula
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whys isnt D a coorect anwer for 27?
Volume is just all trade so its trade volume would be 5 trillion. Where as its trade to gdp would be all trade (3+2) divided by its gdp So 5/20
ty
How?
1.05=1.02*1.224/X then solve for X which is 1.189 (UIP formula)
Where do the numbers in the table come from ?
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How to calculate 4 and 5?
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Q39, anyone has the right calculation?
110000-100000=10000 10000/1000=10 10*550=5500
How do you calculate this ? Q9
(10.5-9.6)*$10.000 = 9000 pesos arbitrage 9000 / 9.6 = 937.5 $ arbitrage
how much do you need to pass this exam? (minimum need)
Any complaints for the IER exam?
no
when will the grades for the presentation & country project be posted online?
I think in maximum 2 weeks
How do you find the answer ?
44) How to find the real wages in this case? (answer is D)
real wage foreign is just the MPL cars since they are only producing cars: 2.5. For the home country they only produce motos so the wage is the mpl of motos but since we need it in terms of cars we multiply that (5) by the world relative price of motos (0.5) and we get 2.5 also in this case.
How do you find the world relative price of motos ?
How do you find the answer ?
Why is it D ?
Why is it C ?
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Could anyone help me answer Q44?
Not sure, but I think it's the equilibrium price. at 5 yards/bushel, both countries have 500 bushels
How do you calculate these two questions ?
Q13: can somebody explain why it's d? or tell me where I can find this in the book :)
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Is this one correct?
no i really think it is completely wrong
No, the versions are wrong above: so version S in this document is version I and that one in also online in study drive
Can someone tell why it is D ?
27) Why should imports become cheaper due to a trade balance surplus?
If Canada has a trade surplus to lets say NZ, then the demand for canadian goods is higher than NZ. Further NZ has then a demand of Canadian dollar to pay for the trade defecit.
We haven't covered this topic this year right??
no we didn't
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q47
60 ( Tariff per ton) * 300,000 ( Quantity of Imports) = 18 Mill
Does anyone understand the grading system of the exam? I understood the closed part one but the open part....
Why is it B and not A ?
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how is CS 13.5?
I think it is wrong! CS needs to be 12.5 because it is equal to (5x5)/2 and therefore CS is equal to 12.5 not 13.5. A needs to be correct!!!
4) Why don't we have enough information? Isn't it 10%?
That only applies for small changes. And the change there is 10%
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Q27?
(0.8 - 0.55) X 100
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42) How do you find the answer? (A)
it is explained on p. 51 and 52 in the book, export supply curve is flat, then upward sloping, and import demand is flat and then downward sloping
Are the "Application" parts of the chapters really important?
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Does anyone know how important the appendices are?
focus on the marshall lerner condition it's the most important one
These two should be switched, with foreign returns divided by home returns, and not the other way. Sorry for the mistake....
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Are the solutions for the open part uploaded anywhere?
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Q49: What figure?
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q47?
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q44: How to solve?
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Q34: I don't understand this question... Both G and the exchange rate shift the is curve( variant a), the same about variant D cause trade balance also shifts it. How to answer it correctly?
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Which version is this?
Version F
ANSWER KEY RESIT 2016?? ANYONE HAS THE CORRECT ONE???
Does anyone know where to find answer to the open questions of past exams ?
How do you calculate this ?
Look for the row where domestic exports equal foreign imports, i.e. 500 - 500. So 5 yards/bushel.
WHy is it A ?
Because both are financial assets, Korea receive cash in exchange for a stock (asset import and asset export)
Why is it D ?
There cannot be a rise in national wealth if there is a greater expenditure and a deficit in CA and you borrow from the world which means your foreign liabilities rise
Why is it A and not B ?
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Sorry, I meant why is it D and not B? I thought we did not take into account the imports when calculating the country's GDP
(EX+IMP)/GDP=TD to GDP ratio
this part is all wrong!
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check the currencies.
True ! You are right it should be E_(£/$) = E_(£/€) E_(€/$) , just need to change the $ sign by the € one. Sorry for that
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