1. World economy and international markets Presentation
Dr. Gonzalo Sanz-Magallón Rezusta

2. The long run (structural approach)
Two main problems:
The short term
The long run (structural approach)

4. Contents

5. Contents

6. Grades PARAMETER TO ASSESS PERCENTAGE Country report Mid-term exam,
Kahoot tests, participation.
25%
15%
10%
Final exam
50%
FINAL RESULTS FOR THE COURSE
100

7. World economy and international markets Introduction: What are the problems to study?
Dr. Gonzalo Sanz-Magallón Rezusta

8. Economic situation report
Objetive:
1. The short-term analysis
Indicators:
Economic situation report 1 2 4
Output
Employment
Domestic demand 5 3
Balance of payments
Prices and wages
External demand
International economy 6
Private sector borrowing needs 7
Public administration
Public administration borrowing needs
Monetary indicators

10. Spanish GDP p.h. as a % of the EU average. 1961-2008

11. Income Per Capita in Selected Countries (2008)
1. The Long-term analysis Indicators
Income Per Capita in Selected Countries (2008)

12. 1. The long-term analysis. 1.1. Indicators
GDP/Population = [GDP / Employment] x [Employment /Population ]
(Productivity)
(Employment ratio)

13. 1. The Long-term analysis. 1.2. Variables to study

14. 1. The Long-term analysis.
Commonality and Diversity: Some Basic Indicators

15. 1. The Long-term analysis. Regional dimensions

16. 1. The Long-term analysis. Regional dimensions
Human Development Disparities within Selected Countries

17. 1. The Long-term analysis. 1.1. Indicators
Income and Happiness: Comparing Countries

19. ,

20. Indicators to study in the country-report project:
1.1 GDP composition (% agriculture, % industry, %services): World Bank Database
2.2 GDP per head, productivity & competitiveness: Global Competitiveness Report

21. 2. Indicators to study in the country-report project: Demography
Conclusions
Sources
Population size and growth (last 10 years)
Birth rate; Death; Child mortality
Age dependancy ratio (old & young)
Inmigrants (% total population)
Employment (% agriculture, industry, servicies)
Effects on labour market
Public expenditure: Pensions, education, …
World Bank: Development indicators database;
Gapminder database
Public spending in education (% GDP), adult literacy rate
Cuantitative Human capital investment (past trends and forecasts)
Highest educational attainment
OECD Education at a glance 2014
PISA-2012 (math, reading, science) results
Qualitative human capital investment
PISA-OECD
Total early-stage Entrepreneurial Activity, Entrepreneurial Intention
Entrepreneurial attitudes
Global Enterpreneurship monitor
People values and attitudes (trade, business, wealth, etc.)
Recomendations for investors/negociators
Negotiating international business

22. General conclusions about:
3. Country report: External sector & trade analysis
Sources:
Indicators:
Evolution of trade ratio to GDP
Evolution of total trade
Total export growth; Marginal export growth; FDI;
Exports composition (2014)
Exports evolution total and by product ( )
Exports evolution per capita ( )
Exports net composition (2014)
Exports. Countries of destination
Exports. Countries of destination (NET)
Same for Imports ……
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Terms of trade
General conclusions about:
Openess level. X & M over GDP; X & M per capita
Specialization patterns and export diversification (% of 2/3 main export industries)
Main trade partners
Exports growth and its causes
Terms of trade
Is the country taking advantage of the opportunities from international trade?