- CFA Exams
- 2024 Level I
- Topic 2. Economics
- Learning Module 14. International Trade and Capital Flows
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Learning Outcome Statements PDF Download
1. GDP vs. GNP compare gross domestic product and gross national product; | |
2. International Trade describe benefits and costs of international trade; contrast comparative advantage and absolute advantage; compare the Ricardian and Heckscher-Ohlin models of trade and the source(s) of comparative advantage in each model; | |
3. International Trade Restrictions and Agreements compare types of trade and capital restrictions and their economic implications; explain motivations for and advantages of trading blocs, common markets, and economic unions; describe common objectives of capital restrictions imposed by governments; | |
4. The Balance of Payments describe the balance of payments accounts including their components; explain how decisions by consumers, firms, and governments affect the balance of payments; | |
5. Trade Organizations describe functions and objectives of the international organizations that facilitate trade, including the World Bank, the International Monetary Fund, and the World Trade Organization. |
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