05 Jun Question Read Chapters 11 and 12 from ‘Naked Econom
Question
Read Chapters 11 and 12 from ‘Naked Economics: Undressing the Dismal Science’ by Charles Wheelan and write an analysis of each chapter focusing on questions identified in this assignment. You should follow these parameters:
A) Each chapter analysis should be kept separate from the others. You should use the chapter and theme as a heading for your analysis.
B) Use the questions as a guide to form a well-constructed analysis of each chapter. You will need to give your personal thoughts as well. Do not limit yourself to copying the questions and answering them, you are writing a short essay, not filling out a questionnaire.
C) Avoid using direct quotes from the text; interpret the concept in your own words.
D) You may use in-text citations to make references to specific information from this book.
E) Each page must be single spaced in size 11 font, using Calibri font and 1” margins all the way around the paper.
F) Limit each analysis to 1 page or less (around 600 words per page) per chapter. Your objective is to be brief but also be descriptive.
This assignment is due August 14th 2015 at 10pm. No late assignments will be accepted.
Chapter 11: International Economics
Wheelan states “currencies are no different than any other good.” How are exchange rates determined?
What is purchasing power parity and why is it an accurate measure of a nation’s standard of living?
Chapter 12: Trade and Globalization
What is the “good news about Asian sweatshops”?
How can free trade and the concept of specialization make all nations better off?
Discuss the problem of “good intentions” on globalization and “sweatshops.” What do you propose to solve
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