trade:
who cares about CA? why must you have definitions for something that can be explained by pure logic? and half the things we learn is not exactly correct. like we increase productivity not to gain competiveness but to produce more goods and srevices so as to improve SOL, ceteris paribus. heck, there's no right or wrong in the first place cos it's all trying to come up with theories for things that have already happened. 马后炮。
exchange rate: according to ivan's reasoning, profit-motivated and money minded countries wont abolish the exchange rate system. but i can never really understand appreciation, depreciation, devaluation, undervaluation, overvaluation etc. lecturers keep saying there's nothing difficult. then what's so easy?
MRP: MPP, MR, MFC, output, productivity, costs, demand factors, supply factors, other factors. argh!
macro policies: undermine this, affect that. conflict here, conflicts there. no wonder there's so much fighting in this
bloody world.
ha! at this rate, i might as well list everything in the syllabus. am going mad so need to rant.