International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

Exhaustion

Economy; International economics

1. In intellectual property regimes, the transaction at which rights terminate. Under national exhaustion, rights end with first sale in a country, preventing parallel imports. Under international ...

Exogenous variable

Economy; International economics

A variable that is taken as given by an economic model. It therefore ''is'' subject to direct manipulation by the modeler. In most models, policy variables such as tariffs and par values of pegged ...

Expected value

Economy; International economics

1. The mathematical expected value of a random variable. Equals the sum (or integral) of the values that are possible for it, each multiplied by its probability. 2. What people think a variable is ...

Experience good

Economy; International economics

A product whose value can be better known after having consumed it. Producers of experience goods may temporarily charge a price lower than marginal cost to induce buyers to try the product. Done ...

Export

Economy; International economics

1. A good that moves outward across a country's border for commercial purposes. 2. A product, which might be a service, that is provided to foreigners by a domestic producer. 3. To cause a good or ...

Export credit

Economy; International economics

A loan to the buyer of an export, extended by the exporting firm when shipping the good prior to payment, or by a facility of the exporting country's government. In the latter case, by setting a low ...