The Issues of Economics in International Business

Instructor: Gu Ke Jian

-price of oil

-oil facility attack in Saudi Arabia

-Oil production is disrupted

-Will this effect oil prices worldwide?

-who did it?

-US accused Iran

-International politic cast and tension

-Saudi Arabia- autocracy (otokrasi)

a system of government by one person with absolute power.

sinonim absolutism, absolute
: power, totalitarianism, dictatorship, despotism, tyranny, monocracy, autarchy; 
dystopia

 a country, state, or society governed by one person with absolute power.

 domineering rule or control.
"a boss who shifts between autocracy, persuasion, and consultation"

-USA - democracy

General Information about this course and it’s framework

Focus on micro economics

- supply demand (SD) & price quantity (PQ)

Price issue: exchange rate, trade war
- perfect competition & monopolistic competition

Why so important macroeconomics in international business (in 2 dimensions)

Emerging Market
 The Issues of Economics in International Business

Instructor: Gu Ke Jian

-Macroeconomics is the foundation of International Economics

-Imperfect competition is monopolistic competition

-Imperfect competition, price in formula