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आंतरराष्ट्रीय अर्थशास्त्रामध्ये खालीलपैकी कशाचा अभ्यास केला जातो?
आंतरराष्ट्रीय अर्थशास्त्रामध्ये खालीलपैकी कशाचा अभ्यास केला जातो?
तुलनात्मक लाभाचा (Comparative advantage) सिद्धांत काय दर्शवतो?
तुलनात्मक लाभाचा (Comparative advantage) सिद्धांत काय दर्शवतो?
संरक्षणवादाचे (Protectionism) मुख्य ध्येय काय आहे?
संरक्षणवादाचे (Protectionism) मुख्य ध्येय काय आहे?
जागतिक व्यापार संघटनेचे (WTO) मुख्य कार्य काय आहे?
जागतिक व्यापार संघटनेचे (WTO) मुख्य कार्य काय आहे?
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विशिष्ट घटक मॉडेल (Specific Factors Model) काय दर्शविते?
विशिष्ट घटक मॉडेल (Specific Factors Model) काय दर्शविते?
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विनिमय दर (Exchange rate) म्हणजे काय?
विनिमय दर (Exchange rate) म्हणजे काय?
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चालू खाते (Current account) काय दर्शवते?
चालू खाते (Current account) काय दर्शवते?
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खालीलपैकी कोणता घटक व्यापार प्रवाहाचा (trade flows) अंदाज लावण्यासाठी 'गुरुत्वाकर्षण मॉडेल' वापरतो?
खालीलपैकी कोणता घटक व्यापार प्रवाहाचा (trade flows) अंदाज लावण्यासाठी 'गुरुत्वाकर्षण मॉडेल' वापरतो?
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विदेशी प्रत्यक्ष गुंतवणूक (FDI) म्हणजे काय?
विदेशी प्रत्यक्ष गुंतवणूक (FDI) म्हणजे काय?
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मुक्त अर्थव्यवस्था म्हणजे काय?
मुक्त अर्थव्यवस्था म्हणजे काय?
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खालीलपैकी कोणता पर्याय ‘मुक्त व्यापार क्षेत्र’ (Free Trade Area) दर्शवतो?
खालीलपैकी कोणता पर्याय ‘मुक्त व्यापार क्षेत्र’ (Free Trade Area) दर्शवतो?
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‘युरोझोन’ म्हणजे काय?
‘युरोझोन’ म्हणजे काय?
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जागतिकीकरणामुळे (globalization) काय वाढते?
जागतिकीकरणामुळे (globalization) काय वाढते?
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आंतरराष्ट्रीय नाणेनिधी (IMF) कोणत्या परिस्थितीत आर्थिक मदत पुरवते?
आंतरराष्ट्रीय नाणेनिधी (IMF) कोणत्या परिस्थितीत आर्थिक मदत पुरवते?
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‘विनिमय दर प्रणाली’ (exchange rate regimes) काय दर्शवते?
‘विनिमय दर प्रणाली’ (exchange rate regimes) काय दर्शवते?
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आर्थिक स्थिरता (sustainability) म्हणजे काय?
आर्थिक स्थिरता (sustainability) म्हणजे काय?
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Study Notes
Introduction to International Economics
- International economics examines how countries interact economically globally.
- It covers international trade, finance, and monetary policies.
- Key concepts include comparative advantage, absolute advantage, and gains from trade.
- It analyses trade policies like tariffs, quotas, and exchange rate systems.
Trade Theory
- Comparative advantage: A country specialises in products where it has a lower opportunity cost compared to other countries.
- Absolute advantage: A country produces a good using fewer resources than another country.
- Heckscher-Ohlin model: Trade patterns depend on differences in factor endowments (e.g., labour, capital).
- Specific factors model: Analyzes how trade influences the return to specific factors of production.
- Gravity model: Predicts trade flows based on the sizes and distances between countries.
- New trade theory: Increasing returns to scale and network effects influence trade patterns. Economies of scale often boost international trade.
- Paul Krugman's work: His studies on imperfect competition and strategic trade suggest government intervention can promote industrial development.
Trade Policy
- Protectionism: Government policies aimed at restricting imports.
- Tariffs: Taxes on imported goods, raising domestic prices and reducing imports.
- Quotas: Limits on the quantity of imported goods.
- Subsidies: Government payments to domestic producers, increasing their competitiveness.
- Arguments for protectionism: National security, supporting infant industries, and protecting domestic jobs are common arguments.
- Free trade agreements (FTAs): Reduce or eliminate tariffs and trade barriers between countries.
- World Trade Organization (WTO): Manages international trade agreements and resolves trade disputes.
- Dumping: Selling goods below cost in a foreign market to gain market share.
International Finance
- Exchange rates: The price of one currency in terms of another.
- Floating exchange rates: Exchange rates determined by market forces.
- Fixed exchange rates: Governments maintain exchange rates at a set level.
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Balance of payments: A record of all economic transactions between a country and the rest of the world.
- Current account: Records trade in goods and services, income, and current transfers.
- Capital account: Records investments and capital flows.
- Foreign direct investment (FDI): Investment in physical capital (factories etc.) in a foreign country.
- International capital flows: Movement of funds across borders.
- Exchange rate regimes: How countries manage their currencies, including fixed, floating, and managed exchange rate systems.
- Currency crises: Sudden and significant changes in a currency's value.
- International Monetary Fund (IMF): Provides financial aid to countries experiencing economic problems.
Open Economy Macroeconomics
- Open economy macroeconomics: Studies the effect of international trade and capital mobility on economic output, employment, inflation, etc.
- Mundell-Fleming Model: Examines the interactions between monetary and fiscal policy in open economies.
- Exchange rates influence the transmission of economic shocks in open economies.
Regional Economic Integration
- Free trade areas (FTAs): Member countries eliminate tariffs among themselves, but they maintain separate barriers against non-members.
- Customs unions: Member countries eliminate tariffs, and have a common external tariff towards non-members.
- Common markets: Eliminate tariffs, have a common external tariff, and allow free movement of production factors (labour, capital).
- Economic unions: Common market with a common currency and unified fiscal policies. Examples include the EU and the USA.
- Eurozone: European Union countries using a shared currency.
Global Issues in International Economics
- Globalization: Increasing interconnectedness of economies across countries.
- Trade liberalization: Reducing trade barriers to promote international trade.
- Global financial crises: Financial problems spreading across countries.
- International inequality: Significant income differences within and between countries.
- Sustainability: Economic development that meets current needs without harming future generations.
Conclusion
- International economics is a complex field studying national interactions in the global economy.
- Real-world cases and current events highlight the role of international relationships in economics.
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Description
आंतरराष्ट्रीय अर्थशास्त्र देशांच्या जागतिक अर्थव्यवस्थेमध्ये परस्परसंवादाचा अभ्यास करतो. व्यापार, वित्त आणि मोनेटरी धोरण यामध्ये हे क्षेत्र समाविष्ट आहे. मुख्य संकल्पनांमध्ये तुलनात्मक लाभ, पूर्ण लाभ आणि व्यापारातील लाभांचा समावेश आहे.