TAILIEUCHUNG - Lecture Principles of economics - Chapter 26: Exchange rates, international trade, and capital flows

Lecture Principles of economics - Chapter 26: Exchange rates, international trade, and capital flows. This chapter focuses on two topics: exchange rates and the role they play in open economies, and how trade in goods and services are related to international capital flows. | Exchange Rates, International Trade, and Capital Flows Chapter 26 McGraw-Hill/Irwin Copyright © 2015 by McGraw-Hill Education (Asia). All rights reserved. Learning Objectives Define the nominal exchange rate and discuss the advantages and disadvantages of flexible versus fixed exchange rates Use supply and demand to analyze how the nominal exchange rate is determined in the short run Define the real exchange rate, summarize the law of one price, and understand how purchasing power parity determines the long-run real exchange rate Use the relationship between domestic saving and the trade balance to understand how domestic saving, the trade balance, and net capital inflows are related Analyze the factors that determine international capital flows and how these flows affect domestic saving and the domestic interest rate The International Economy Every day, news draws our attention to the global economy The . sub-prime mortgage crisis of 2007 – 2008 quickly became a worldwide event .

• Kinh tế học
• Principles of economics
• Lecture Principles of economics
• Exchange rates
• International trade
• Capital flows
• International economy
• Ten principles of economics
• People face tradeoffs
• Opportunity cost
• Marginal changes
• Economics of information
• Consumer choice
• Free rider problem
• Market transactions
• Welfare Economics
• Consumer surplus
• Demand curve
• Efficiency of markets
• Nature of an externality
• Market inefficiency
• Negative externalities
• Principles of microeconomics
• Lecture Principles of microeconomics
• Scarce resources
• Scarcity implies choice
• Choice implies cost
• Principles of agricultural economics
• Agricultural economics
• Economics of agricultural production
• Theory of consumer behaviour
• Economics of market demand
• Dynamics in demand analysis
• Analysis of agricultural markets
• Agricultural markets
• Economics of trade
• Costs of taxation
• Deadweight loss
• Laffer curve
• Supply side economics
• Market forces
• Supply and demand
• Market economies
• Competitive Markets
• Thinking like an economist
• Economic models
• Circular flow diagram
• Production possibilities frontier
• The gains from trade
• Production possibilities
• Comparative advantage
• Absolute advantage
• Costs of production
• Total revenue
• Total cost
• Opportunity costs
• Price elasticity of demand
• Price elasticity
• Midpoint method
• Demand curves
• Factors of production
• Demand for labor
• Production function
• Marginal product of labor
• Controls on prices
• Price ceiling
• Price floor
• Market outcomes
• Theory of consumer choice
• Budget constraint
• Indifference curve
• Marginal rate of substitution
• Measuring nation’s income
• Economy’s income
• Gross domestic product
• Components of GDP
• Determinants of trade
• Equilibrium without trade
• Production and growth
• Economic growth
• Monetary system
• Functions of money
• Federal reserve
• Central bank
• Open economy macroeconomics
• Economy macroeconomics
• Closed economy
• Open economy
• Public goods
• Common resource
• Types of goods
• Cost benefit analysis
• Aggregate demand
• Aggregate supply
• Short run economic fluctuations
• Economic fluctuations
• Tax system
• Federal Government
• Marginal tax rate
• Budget surplus
• Macroeconomic policy
• Debate over macroeconomic policy
• Stabilize the economy
• Monetary policy