上海财经大学经济学原理课件资料.ppt

* By using decade averages, the short-term noise and fluctuations average out, which makes the long-term trends easier to see. In most periods, rising imports are accompanied by falling, not rising unemployment. Note: This data does not appear in the textbook. I include it here because I think it is effective. But it is not supported in the Test Bank or Study Guide, so please feel free to omit this and the preceding slide if you wish. Data source: FRED database, St Louis Federal Reserve, /fred2/ and my calculations. (I constructed imports as a percentage of GDP from quarterly, nominal, seasonally adjusted data. Then I computed simple averages of the two series over each of the decades shown in the graph.) * * * * * Of course, this argument and response are meant to apply more generally than in the specific example described. But most non-economics majors more easily learn a general concept if they start with a specific, graspable example than with the general concept itself. * The WTO website () has useful information. Especially worthwhile for students is the section “Common misunderstandings about the WTO.” * * * This and the following slide cover the same material in Active Learning Exercise 1. I provide these slides in case you wish to lecture on this material instead of having students work the exercise. To do this, simply delete the three orange and yellow slides titled “Active Learning 1” and replace them with this and the following slide. Then, “unhide” these slides by unselecting “Hide Slide” from the “Slide Show” drop-down menu. In this case, PD PW, so this country will import plasma TV sets from abroad. The quantity of imports is simply the difference between the quantity demanded by domestic consumers and the quantity supplied by domestic firms at the world price. * Trade benefits consumers in this case, because it allows them to buy plasma TVs at lower prices, so more consumers can afford plasma TVs if imports are al