International Trade and Factor Movements
Specific Factor Model
The question addressed by the specific-factors model is how trade, through changes in relative prices, affects the earnings of labor, land, and capital.
The specific-factors model introduces land and capital. The three factors are labor, land, and capital.
The specific factors model has 2 countries: Home & Foreign, 3 resources: labor, land, & capital, and 2 industries: manufacturing & agriculture.
The marginal product of labor declines as the amount of labor used in
Read MoreUnderstanding Marketing Planning, Analysis, and Strategies
Marketing Planning
A marketing plan outlines the marketing objectives (market share, sales, brand awareness), strategy, budget, and activities required to achieve those objectives. It considers various departments:
- Operational Department: Product availability and timing.
- Human Resources: Staffing needs and skillsets.
- Financial Forecast: Projected profits and cash flow.
Elasticity of Demand
Income Elasticity: (% change in quantity demanded) / (% change in income)
- Income Elastic (Luxury Product): Demand
European Economic Stability and Governance
Price Stability
The Treaty stipulates: ‘The achievement of a high degree of price stability […] will be apparent from a rate of inflation which is close to that of, at most, the three best-performing Member States in terms of price stability.’ In practice, the inflation rate of a given Member State must not exceed by more than 1½ percentage points that of the three best-performing Member States in terms of price stability during the year preceding the examination of the situation in that Member
Read MoreInternational Trade Procedures: A Comprehensive Guide to Customs, Documentation, and Regulations
Customs and Immigration
Customs authorities in each country control the entry and exit of people, animals, and goods. They inspect items and animals to ensure compliance with import/export regulations, which may be based on national laws or international agreements. Tariffs may apply depending on the product or animal.
Immigration authorities oversee the movement of people across borders.
Customs clearance grants permission to move goods in or out of a country after fulfilling customs requirements.
Read MoreUnderstanding Binary and Exotic Options Trading Strategies
Binary or digital options have a payoff at expiry that is discontinuous in the underlying asset price.
For example, a binary call pays some quantity (for example, 1 euro) at maturity time, if the asset price is then greater than the exercise price K (for example, K=100).
Why would you invest in a binary call? Assume you think that the asset price will rise by expiry.
To finish above the strike price then we can choose to buy either a vanilla call or a binary call.
The vanilla call has the best upside
Read MoreNew Market Tribes, Distribution Strategies, and Marketing Trends
TOPIC 1
1.- Using topic 1, explain the different types of “New tribes” that can be found on the market, and choose a brand that could identify each one. Explain the reason for your choices in each case.
- BOBOS: ‘’Bourgeois Bohemian’’:
- They belong to the capitalist and urban world, Liberal professions,sophisticated and consumerist style.
- They do not buy expensive brand-name products, but opt for high quality, organic, fair trade and handicraft products.
Ex: Patagonia is known for its commitment
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