Economics for Foreign Policy Makers homework 1 and 2

Question # 00711701 Posted By: spqr Updated on: 09/14/2018 01:11 PM Due on: 09/14/2018
Subject Economics Topic Environmental Economics Tutorials:
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  1. Economics in One Lesson Chapters 1-4


  1. There is no macroeconomics without microeconomics.  Evaluate this statement and what it matters for all policy considerations including international security and the spread of democratic institutions?
  2. How does international trade affect economic growth and comparative advantage?  Discuss the benefits and costs. How might increased trade with a rogue state or “enemy” change strategic relationships?

September 14, 2018   “Exchange and Prices”

Leonard Read, I, Pencil (Link) (2 pages)

Russ Roberts:  “Where do Prices come from?” (2 Pages)

Basic Economics Chapters 1-4 (pages 1-62)

Economic Freedom Executive Summary

Examining the Hayek-Friedman Hypothesis on Political and Economic Freedom


Thought Questions:

  • Why is it important and relevant that no one person can make a pencil?
  • What is the concept of interdependency and how does it apply to our daily lives?
  • What are the five pillars for measuring Economic Freedom?
  • What are some of the outcomes of Economic Freedom?
  • What is an emergent order and can it be made using policy changes?


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  1. Tutorial # 00711842 Posted By: spqr Posted on: 09/14/2018 01:12 PM
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