Eco-Cook | Level 4 πŸ“š
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The channel is targeted for level 4 Economics and its pathways and Finance students. βœ…

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By @Exam_Cook πŸ’™
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PROBLEM 1 (trading)

CLEAR?
Forwarded from Ubaidullah
Before CU Mongolia was purchasing from China at free trade price of $20, not at $40, which is + tariffs. Then formation of CU with Korea led to trade with Korea, replacing China’s efficient production with Korean $30
No questions?
Did you get it?
All clear?
Forwarded from Nurulloh
GDP less = high migration. High migration = more remittance and high GDP. High GDP = more jobs less migration
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Recording of Analysis of CIGE practice questions.

Goooooooood luck!

Sleep tight! See you all tomorrow :)

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Seminar 6_International Capital Flow.pdf
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SEMINAR QUESTIONS (Graphs) answers

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Guuys, pay attention to the next post:
Correction of yesterday's Graph (Korean and Chinese products)
❀3
Eco-Cook | Level 4 πŸ“š
Correction of yesterday's Graph (Korean and Chinese products)
Explanation:

Initially we were buying Chinese product (since it was cheaper =20 dollars)

Them after Custom Union this Chinese became 40 dollars. So we changed our partner to Korean 30 dollars (without tariff because of contract)

Clear?
Eco-Cook | Level 4 πŸ“š
Correction of yesterday's Graph (Korean and Chinese products)
So, shape A => change from efficient Chinese $20 to Korean $30

Shape B > deadweight loss (consumers could buy for 20, but because of CU they are buying for 30 now)

Shape C > loss in Consumer surplus
Dear Economics students,

I'm truly happy if could help any of you with exams. I was extremely happy when I opened an exam paper since we solved all those problems together yesterday. ❀️

Stay tuned with us. Together we will cook 2nd semester and the Bachelors as a whole as well ❀️‍πŸ”₯

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