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Notes in Preparation for an Oral Examination
Some Research Questions on Economics
Here are a few questions one is likely to encounter on an oral
examination for a masters in economics.
- The Ricardian model and Hechscher-Ohlin model both talk about
comparative advantages as being the sources of gains from free trade.
What are the differences and commonalities between these two models in
terms of the sources of comparative advantages? In other words, compare
and contrast these two models.
(response)
- Show that for a small country, an import tariff will lower the
domestic welfare without any effect on the rest of the world. However,
for a large country, an import tariff could in fact benefit the home
country at the expense of the rest of the world.
(response)
- Immiserizing Growth - Show that economic growth could actually
hurt the welfare of the growing country.
(response)
- Using the asset-pricing model, analyse the effects of the
following changes on the value of the home currency:
(a) a domestic monetary expansion
(b) a foreign monetary expansion
(c) an expected home currency appreciation.
(asset
price model/forex
theory/response)
- What is "sterilization"?
(response)
- Under a fixed exchange rate regime, compare the effects of fiscal
and monetary expansions on (a) income, (b) interest rate, and (3) value
of the currency.
(no response yet)
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