Welcome to Econ 414 International Economics Study Guide Week One Ending Sunday, September 2 (Note: You must go over these slides and complete every task outlined here before September 2)

1. Study the Course Contract available on WebCT. The course contract is also available on line at Make sure you understand the contract Send me your questions via WebCT’s Discussion available at –Post your question under the topic Questions on Course Contract –Under the subject put your name

2. Are you eligible for ODE membership? Find out more about ODE and see if you qualify. Information is available at Ask me questions about ODE via WebCT discussion –Post your question under the topic Questions on ODE –For the subject put your name Contact Dr. Delemeester if you interested in becoming a member –He is in Thomas 118 –He could be reached at –His campus extension is 4630

3. Learn more about ERT Information is available at You can purchase Student Membership only for $5. Ask me questions via WebCt Discussion –Post your question under the topic Questions on ERT –For the subject put your name If Interested complete the membership form and either directly mail it or give it to Dr. Delelmeester with a check for $5.

4. Study the textbook’s Preface Believe me it is not a waste of time to read the Preface of a book Ask me Questions via WebCt’s Discussion –Post your question under the topic Questions on Preface –Under the subject put your name

5. Check out the textbook resources at

Chapter 1: Make sure you understand the following topics Macro/Microeconomics –How are they different from each other –What are some topics that are covered in macro/micro? International Economics GDP –What does it measure? –Why do we measure GDP? –What are the components of GDP? –What is per capita GDP? What is the relationship between a nation’s income and its exports? Imports? Empirical Evidence: high income economies import and export more than middle and low income economies (Table 1.2)

Chapter 1: Basics What are the multinational corporations? What is the difference between foreign portfolio investment and foreign direct investment? What is the foreign exchange rate?

Any questions on Chapter 1? Post your question on line –On WebCT –Under discussion –Under Chapter 1 Look for a new Study Guide on line on Monday, September 3 –Note: It may contain timely assignments –Don’t be late Goodbye from Ireland