Key concepts and graphs
Concepts: The United States and world trade, absolute and comparative advantage, balance of payments, foreign exchange markets, implications of foreign trade, effects of domestic fiscal and monetary policies on capital flows and foreign exchange markets.
Graphs: Production possibilities
Foreign exchange market
Key words or terms
Tariffs, quotas, subsidies, absolute advantage, comparative advantage, terms of trade, world price, domestic price, current account, balance on goods and services, real interest rates, trade deficit, trade surplus, capital account, official reserves, flexible exchange rates, fixed exchange rates, depreciation, appreciation, General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO), North American Free Trade Agreement (NAFTA)
- Balance of payments accounts
- Balance of trade
- Current account
- Capital account
- Foreign exchange market
- Demand for and supply of foreign exchange
- Exchange rate determination
- Currency appreciation and depreciation
- Net exports and capital flows
- Links to financial and goods markets
Key concepts and graphs
Concepts: The United States and world trade, absolute and comparative advantage, balance of payments, foreign exchange markets, implications of foreign trade, effects of domestic fiscal and monetary policies on capital flows and foreign exchange markets.
Graphs: Production possibilities
Foreign exchange market
Key words or terms
Tariffs, quotas, subsidies, absolute advantage, comparative advantage, terms of trade, world price, domestic price, current account, balance on goods and services, real interest rates, trade deficit, trade surplus, capital account, official reserves, flexible exchange rates, fixed exchange rates, depreciation, appreciation, General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO), North American Free Trade Agreement (NAFTA)
Lectuures
Module 41: capital_flow_accounts.pptx Module 42: exchange_rate_methods.pptx Module 43: exchange_rates__1_.pptx Module 44: barriers_to_trade.pptx Module 45: analysis_using_macroeconomics_.pptx |
Materials
Module 41 Balance of Payments ACDC - Balance of Payments Financial Flow Module 42 Understanding Exchange Rates Graphing Exchange Rates Module 43 Exchange Rate Policy Exchange Rates and Macro Policy Module 44 Trade Barriers Module 45 Macro Analysis |