Economics Homework Help

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1. Pick a country, either developing or developed country (it cannot be the United States, United Kingdom, the EU).

1. Identify the country’s top 10 trading partners and in what products or services the country has a comparative advantage.

1. Describe the trends in its international trade during the last 50 years and support it with data showing these trends. Highlight some key trends.

1. Evaluate the country’s trading policies by applying the models (at least two trade models) we learned in this class, and the effect that these policies have on their own economy, as predicted by the trade models in terms of resource allocation and income distribution effects.

1. Support your claims by providing evidence on the evolution of some key economic indicators and other measures of well-being in tables and/or graphs. For example, GDP growth, unemployment rates, inflation, social and environmental measures of well being, such as infant mortality rates, life expectancy, access to safe drinking water, access to electricity, access to affordable housing and healthcare, carbon emissions per capita, deforestation, among others.

1. Identify the country’s exchange rate system and explain using the model we introduced what it means to have such a system in place in terms of the volatility of their currency and the costs and benefits of such a system.

1. Recommend trade and exchange rate policies (at least one of each policies), and at least one other supporting policy, for example, labor market policy, for this country based on your analysis.

1. Include data sources and references.