English For Economic For College student.pptx

Help students learn economic English

1. ENGLISH FOR ECONOMIC MEKONG UNIVERSITY

2. Dương Đắc Tuân Lê Tuấn Vũ Võ Văn Quốc Lê Thành Lợi Vũ Diệp Thảo Vy OUR TEAM 01 02 03 04 05 ID: ….. ID: ID: ….. ID: …. ID: ….

3. International Economics Unit

4. Objective Understanding international economics. Understanding the functions of international economics. Understanding the importance of international economics.

5. Introduction to International Economics International economics is the study of economic interactions and interdependence among nations. It involves analyzing the flow of goods, services, payments, regulatory policies, and their impacts on national welfare.

6. The functions of international economics Trade Finance Development Policy Global Markets Economic Stability 1 3 2 6 5 4

7. Importance of international economics 01 Promoting economic development. 02 03 Expanding markets. Increasing political and international power. Improves the quality of life. 04

8. Countries sign free trade agreements (FTAs) to reduce or eliminate tariffs, limit non-tariff barriers, and promote the flow of goods and services between countries Free trade policy Encouraging companies to invest in other economies to expand production and access new markets. Foreign direct investment (FDI) Managing monetary policy to maintain economic stability and control inflation, along with fiscal policies to manage the state budget. Monetary and fiscal policy Agreements such as the WTO (World Trade Organization) and free trade agreements help ensure common rules and promote global economic cooperation. International cooperation and multilateral trade agreements: International economic policies

9. Limitations of international economics Dynamic and Complex Systems: The global economy is highly interconnected and subject to various shocks and changes, making accurate predictions challenging. Assumption of Rationality: Models often assume that individuals and firms act rationally, which may not always reflect real-world behavior. Political Interference: Government policies and regulations can distort international trade and investment flows, affecting economic outcomes.

10. Thank You!