World Economy

World Economy Master Degree

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Tel : +8615850513534

E-mail : apply@acasc.cn

  • Application Deadline:2017/04/11
  • Tuition:¥22000.00
  • Application Fee:¥800.00
  • Service Fee:¥350.00
School Information

Sichuan University is located in Chengdu, a famous historical and cultural capital city of Sichuan Province, known as “the land of abundance”. It consists of three campuses:Wangjiang, Huaxi and Jiang’an, covering an area of 470 hectares and boasting 2.515

Find more information on the university website
How To Apply

Applying through ACASC generally takes a few minutes to complete. It takes 5 steps to complete the application.

1. Click “Apply Now” button at the top of the page.

2. Fill in online application form.

3. Upload required documents.

4. Pay the application fee and the ACASC service fee

5. Click “Submit” button.

Important notice: In order to apply, you need to create an account with ACASC.

Program Description

The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money).In some contexts, the two terms are distinguished: the "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use, and exchange the definitions, representations, models, and valuations of the world economy vary widely. It is inseparable from the geography and ecology of Earth.

It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help evaluate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.The term world economy refers to all of the economic activity within each country and between countries around the world. It makes sense that as the population of the world has increased, and as technologies such a air travel and the Internet have made communication between people throughout the world easier, that the world economy has grown. It has also become more important and more complex. When one country does well, other countries see a boost in their economies. Conversely, when one country does poorly, other countries can suffer. The countries of the world are now interdependent. Basically, this means that we all have an interest in working together. As a business owner, you have an interest in making sure that Germany is able to meet the demands of its consumers.

However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy, since exchange rates typically do not closely reflect worldwide value, for example in cases where the volume or price of transactions is closely regulated by the government.




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