The Economics of Global Trade

Economics

Task: Answer ONE of the following questions:

1. With reference to a currency area of your choice, critically analyse how it measures up to the academic criteria defining an optimal currency area.’
2. Critically analyse the impact of the on-going financial crisis on the balance of economic power across the globe. Your answer will need to utilise empirical data to back up your arguments.

3. Economic growth is important. Discuss this statement and assess the role that international trade has played in creating economic growth in the past. You should use examples and empirical evidence to back up your statements.

4. The past 25 year have seen an explosion in the number of Preferential Trade Agreements (PTAs). Do such agreements always increase trade? Do they always improve efficiency and welfare?