Introduction to the World Economy
Philip Leatherwood, Lecturer
Kazakhstan Institute of Management, Economics, and Strategic Planning
Spring, 2001
Review for Final Exam
The following is meant to serve as a partial list of topics that may be covered on the final exam
. It is not comprehensive.Topics Outline
History of Economic Ideas
Economics in the World's Religions
Economic concerns of the Bible
Economic teachings in Ancient Greece
Feudal economics
Christian Paternalism
Individualism
Protestantism
Classical Liberalism
Mercantilism
Physiocracy
Theory and Disagreement
Say's Law and Classical Theory
The Great Depression and Keynesian Economics
Fiscal Policy
Marx's Argument on the Inevitable Failure of a Pure Capitalism
International Trade
Absolute and Comparative Advantage
The gains from trade
Colonization
Imperialism
Contemporary Growth and Development Problems
The International Monetary Fund and World Development Policy
The Transition Economies
Perestroika
Strategies for Implementing new market systems in--
Poland
Hungary
Czechoslovakia
Former Soviet Republics
Comparing Economic Growth in India and China
Marketization
Liberalization
Privatization
Development and Delayed Gratification
Lorenz Curves and the Gini coeefficient
Money and Exchange
The Reserve System
Gold Standards
Bretton-Woods System
Flexible Exchange Rates
Exchange Rate Determination
Purchasing Power Parity
Environmental Economics
Optimizing the Use of Depletable Resources
Pareto Optimality
Rawls' "Veil of Ignorance"