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Series: Economics: International Focus

by Thinkwell

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About this Series

  • Lessons: 25
  • Total Time: 4h 25m
  • Use: Watch Online & Download
  • Access Period: Unlimited
  • Created At: 12/08/2010
  • Last Updated At: 12/08/2010

The 25 videos in this series look at economics with more of an international lens and focus. The first four videos provide a basic background of microeconomics. The first one will teach you about the basics of and the differences between open and closed economies. The next one will look at exports in an open economy. The third will look at changes in equilibrium in an open economy, and the final video looks at the dynamics of international trade and comparative advantage.

The next four lessons look at exports, imports and accounting. In the first video lesson, you'll learn about the International Flow of Goods and Services. The next video lesson will teach you about the Balance of Payments. You'll then have a video lesson that offers you a good example of Balance of Payments to cement your understanding of the concept. The series will close with a lesson on trade balances, what they are, how they're calculated and why they're significant.

The following series of six lessons will teach you about exchange rates. The first video lesson will cover nominal exchange rates. The second lesson will teach you about real exchange rates, what they are, why they're important, and how they are different from nominal exchange rates. After these two lessons, we'll go through a video on Purchasing Power Parity (PPP), what it is and how it is used. Thereafter, you'll go through a lesson that teaches you how exchange rates are determined. We'll continue to dig deeper on this subject with the final two video lessons in this series, which will teach you about floating exchange rate systems, fixed exchange rate systems as well as the concept of the managed float in exchange rate systems.

The next five lessons will look at government policies in the context of economics. We'll start out with a lesson that covers government budget deficits and trade. Then, we'll look at governmental trade policy and its economic ramifications. As an example of this, we'll go through a NAFTA case study to look specifically at that policy as well as the winners and losers coming out of it. The fifth video lesson in this series will talk about political instability and trade. Then, the final lesson will look at the World Trade Organization and aaddress suggestions that it is a conspiracy of sorts.

The following four lessons will cover transition economies (or economies in transition). We'll start out with a lesson on centrally-planned economies and then we'll look at policies that are designed to help transition to market systems. After this lesson, we'll look specifically at cases from history which highlight the distinctions between free-market and centrally planned economies. We'll look at comparative and relative economic performance over time for these different approaches in this video lesson. The final lesson in this series will be a case study on the Czech Republic. Many countries that transition from communism to capitalism are thrown into turmoil. In 1989, Czechoslovakia had a revolution that took them through this transition.

The final two lessons in this series look specifically at alternative economic systems. The first video lesson looks at the evolution of the economy in China beginning Post-Mao (starting in 1949). It serves as a case study that shows the evolution of China's economy under a Communist government. The second video lesson looks at both the revolution and reform events in Mexico's past. It serves as an economic case study. The story begins in 1910 and looks at how Mexico's economy developed along the way.

Taught by Professor Tomlinson, this video series was selected from a broader, comprehensive course, Economics. This course and others are available from Thinkwell, Inc. The full course can be found at http://www.thinkwell.com/student/product/economics. The full course covers economic thinking, markets, consumer choice, household behavior, production, costs, perfect competition, market models, resource markets, market failures, market outcomes, macroeconomics, macroeconomic measurements, economic fluctuations, unemployment, inflation, the aggregate expenditures model, banking, spending, saving, investing, aggregate demand and aggregate supply model, monetary policy, fiscal policy, productivity and growth, and international examples.

Steven Tomlinson teaches economics at the Acton School of Business in Austin, Texas. He graduated with highest honors from the University of Oklahoma and earned a Ph.D. in economics at Stanford University. Prof. Tomlinson's academic awards include the prestigious Texas Excellence Teaching Award given by the University of Texas Alumni Association and being named "Outstanding Core Faculty in the MBA Program" several times. He has developed several instructional guides and computerized educational programs for economics.

About this Author

Thinkwell
Thinkwell
2174 lessons
Joined:
11/13/2008

Founded in 1997, Thinkwell has succeeded in creating "next-generation" textbooks that help students learn and teachers teach. Capitalizing on the power of new technology, Thinkwell products prepare students more effectively for their coursework than any printed textbook can. Thinkwell has assembled a group of talented industry professionals who have shaped the company into the leading provider of technology-based textbooks. For more information about Thinkwell, please visit www.thinkwell.com or visit Thinkwell's Video Lesson Store at http://thinkwell.mindbites.com/.

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Nopic_blu
A mystery -- no more!
07/04/2012
~ Vincent14

Excellent -- It was always a mystery to me - not anymore

Thank you -- The instructor was excellent as well.

Below are the descriptions for each of the lessons included in the series:

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