User:Jukeboksi/BBA studies/Economics: Difference between revisions

(→‎Week 36 - Classical trade theories: adding w.Productivity and sourcing definition from Wikipedia)
Line 168: Line 168:


* '''[[w:Exchange rate|Exchange rate]]s'''
* '''[[w:Exchange rate|Exchange rate]]s'''
* '''[[w:Terms of trade|Terms of trade]]''' ('''TOT''') refers to the relative price of exports in terms of imports. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods. ( Wikipedia )


* '''[[w:Devaluation|Devaluation]]''' in modern [[w:monetary policy|monetary policy]] is a reduction in the value of a [[w:currency|currency]] with respect to those goods, services or other monetary units with which that currency can be exchanged. ( Wikipedia )
* '''[[w:Devaluation|Devaluation]]''' in modern [[w:monetary policy|monetary policy]] is a reduction in the value of a [[w:currency|currency]] with respect to those goods, services or other monetary units with which that currency can be exchanged. ( Wikipedia )


* '''[[w:Productivity|Productivity]]''' is the ratio of [[w:Output (economics)|output]] to [[w:Factor of production|inputs]] in production; it is a measure of the efficiency of [[w:production (economics)|production]]. ( Wikipedia )
* '''[[w:Productivity|Productivity]]''' is the ratio of [[w:Output (economics)|output]] to [[w:Factor of production|inputs]] in production; it is a measure of the efficiency of [[w:production (economics)|production]]. ( Wikipedia )
** Sources of productivity?
* '''[[w:Heckscher-Ohlin]]''' can refer to either
** '''[[w:Heckscher–Ohlin model|Heckscher–Ohlin model]]'''
** '''[[w:Heckscher–Ohlin theorem|Heckscher–Ohlin theorem]]'''


== Week 37 - Modern trade theories, trade policy ==
== Week 37 - Modern trade theories, trade policy ==
Anonymous user