Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.

#cfa-level-1 #economics #economics-in-a-global-context #los #reading-20-international-trade-and-capital-flows

The candidate should be able to:

  1. compare gross domestic product and gross national product;

  2. describe benefits and costs of international trade;

  3. distinguish between comparative advantage and absolute advantage;

  4. explain the Ricardian and Heckscher–Ohlin models of trade and the source(s) of comparative advantage in each model;

  5. compare types of trade and capital restrictions and their economic implications;

  6. explain motivations for and advantages of trading blocs, common markets, and economic unions;

  7. describe common objectives of capital restrictions imposed by governments;

  8. describe the balance of payments accounts including their components;

  9. explain how decisions by consumers, firms, and governments affect the balance of payments;

  10. describe functions and objectives of the international organizations that facilitate trade, including the World Bank, the International Monetary Fund, and the World Trade Organization.

If you want to change selection, open original toplevel document below and click on "Move attachment"


statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on



Do you want to join discussion? Click here to log in or create user.