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1 explain monetarism 2 what is the taylor rule and why is

1. Explain Monetarism.

2. What is the Taylor Rule and why is it important to this field of study?

3. What is the Lucas critique?

4. Explain the Gold Exchange System of the Bretton Woods era.

5. What are the short run determinants of exchange rates?

6. What happens when central banks buy international reserves?

7. How has China (purportedly) enhanced her export base?

8. What is dollarization and why is it important to developing countries?

9. Explain Fiscal and Monetary Policy using the IS-LM model.

10. Use the Quantity Theory of Money to explain a macroeconomic case of inflation.

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