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Employment And Labor Law 9 Chapter 11
Chapter 11 OTHER EEO AND EMPLOYMENT LEGISLATION: FEDERAL AND STATE LAWS INTRODUCTION The eleventh chapter focuses on the law dealing with discrimination in employment. There are various statutes and executive orders that seek to eradicate employment discrimination. There are many types of employment discrimination and prohibited acts. This chapter will examine the laws that the employers must comply with. CHAPTER OUTLINE The Civil Rights Acts of 1866 and 1870 Generally Passed during the Reconstruction era right after the Civil War. Intended to ensure that newly freed slaves were granted the full legal rights of a U.S. citizen. Section 1981 Allows for
International Economics 9 Chapter 1
Chapter 1 An Introduction to International Trade This chapter provides an overview to the study of international economics and to the material covered in this textbook. It offers an extensive discussion of real world data on the characteristics of the various countries of the world, including their standards of living and the importance of international trade to their economies. It also discusses various aspects of the nature of international trade in today’s world such as the commodity composition of international trade and the direction of international trade flows. The book includes considerable amounts of data, especially in this chapter. Students should
International Economics 9 Chapter 14
Chapter 14 Exchange Rates in the Short Run This chapter uses the interest rate parity and Fisher equations as a foundation for building towards an understanding of the relationship among key financial asset prices—exchange rates and interest rates. The chapter focuses on the theory of uncovered interest rate parity as the basic model of short-run exchange rate behavior. The text includes plots or tables of exchange rates, stock indexes, and interest rates. All exhibits can be updated from the sources cited. Data from the International Financial Statistics, published by the IMF, can be used to compare and contrast economic variables of
International Economics 9 Chapter 18
Chapter 18 International Banking, Debt, and Risk International banking is often called Eurocurrency banking or offshore banking. Students will have had basic coverage of money and banking in their principles course, but few will remember the details of T-accounts, so a basic refresher on debits and credits and assets and liabilities is worth five minutes of class time to ensure that everyone shares a common background. This chapter allows the use of many anecdotes to add depth and excitement to the material. A rich source of new material to put in lectures is Euromoney magazine. Data may be found in World
International Economics 9 Chapter 12
Chapter 12 The Foreign-Exchange Market This chapter provides the fundamental details of the foreign exchange market. Spot and forward transactions are covered along with the concepts of arbitrage, speculation, and central bank intervention. The linkages between a country’s balance of payments, the foreign exchange market, and the country’s exchange rate are discussed. The chapter also introduces the demand for and supply of foreign currency under a flexible exchange rate system versus a fixed exchange rate system. The text includes a table of foreign exchange spot and forward rate quotations from the Wall Street Journal. We suggest that instructors bring current Wall
International Economics 9 Chapter 11
Chapter 11 The Balance of Payments This chapter introduces the balance of payments. Alternative summary measures are presented and discussed in terms of what they may offer for policy evaluation. Students often have a difficult time learning how to classify transactions. Those who have not had an accounting course will require a patient explanation of double-entry bookkeeping. A thorough drill on classifying transactions in a hypothetical balance of payments is a necessity to ensure that the material is understood. The text presents balance of payments data as found in the Survey of Current Business and Federal Reserve Bank of St. Louis
International Economics 9 Chapter 6
Chapter 6 Tariffs This chapter begins a series of four chapters on commercial policy. The aim of this chapter is to introduce the student to these issues by focusing on tariffs as a commercial policy instrument. The chapter begins with a review of the gains from international trade. It then turns to a partial equilibrium analysis of tariffs. Included with this analysis is the standard discussion of deadweight costs. This is followed by treatments of such issues as the export tariff and the optimal tariff (this section may be skipped without loss of continuity). We have found that students appreciate seeing
International Economics 9 Chapter 15
Chapter 15 Exchange Rates in the Long Run The relationship between goods prices and exchange rates is developed in this chapter. After introducing absolute and relative PPP, examples and real world data illustrating deviations from PPP are used to motivate a deeper understanding of the link between prices and exchange rates. PPP is used to introduce “overvalued” and “undervalued” exchange rates. It is important to debate the meaning of such terms in the context of floating exchange rates. However, at this point in the course it is probably wise to forego the mention of speculative bubbles and bandwagon effects which could
International Economics 9 Chapter 10
Chapter 10 International Trade and Economic Growth This chapter concludes our treatment of the pure theory of international trade by considering the interactions between international trade and economic growth. The first part of the chapter discusses economic development and, in particular, various trade policy strategies pursued by developing countries. The discussion then turns to an analysis of models involving growth of factors of production under assumptions of full employment. This material is probably the most analytically difficult material in the first part of the text. It can easily be omitted from the course without loss of continuity. On the other hand,