Week 17 TUESDAY June 5 2007

Commercial Day

Today we are going to start of with a discussion about credit cards which will lead into a review of some of the following vocabulary words as well as introduce some new ones.  

Subsidies
Hyperinflation
Communism
Free Market
Great Depression
Keynesian Economics
GATT
WTO
IMF

Video: Global Economics.  

Questions:  
1. What are the WTF, IMF and GATT?
2. What were they set up to do?
3. Given that there are fewer big companies and more and more are going international, what implications does the IMF, WTO, and GATT have on companies?