TAILIEUCHUNG - Lecture Microeconomics (20/e): Chapter 25 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

This chapter takes a look at a country’s balance of payments, which essentially records all transactions that take place between one country and all the others. In this discussion, we will investigate how official reserves are used to ensure that the balance of payments does balance. Then we will look at how exchange rates are determined and different types of exchange rate systems. Lastly, we will learn about . trade deficits and determine their impacts on the . economy. | The Balance of Payments, Exchange Rates, and Trade Deficits Chapter 25 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. This chapter takes a look at a country’s balance of payments, which essentially records all transactions that take place between one country and all the others. In this discussion, we will investigate how official reserves are used to ensure that the balance of payments does balance. Then we will look at how exchange rates are determined and different types of exchange rate systems. Lastly, we will learn about . trade deficits and determine their impacts on the . economy. International Transactions International trade Buy/sell current goods or services Imports and exports International asset transactions Buy/sell real or financial assets Buy stock Sell your house to a foreigner Requires currency exchange LO1 LO1 When individuals who participate in .

• Quản lý Nhà nước
• Lecture Microeconomics
• Economic problem
• Economic principles
• Economic policies
• Balance of payments
• Exchange rates
• Microeconomics theory
• Microeconomics applications
• Kinh tế vĩ mô
• Scope of microeconomic theory
• Normative analyses
• Demand curves
• Supply curves
• Consumer choice
• Theory of consumer choice
• Consumption choices
• Substitution effects
• Consumer choice theory
• Excise subsidies
• Economic efficiency
• Competitive equilibrium
• Relating output to inputs
• Empirical estimation
• Cost of production
• Shortrun cost
• Profit maximization
• Perfectly competitive markets
• Competitive model
• Excise taxation
• Monopolist’s demand
• Marginal revenue curves
• Product pricing
• Monopoly power
• Monopolistic competition
• Cournot model
• Game theory
• Economics of information
• Noncompetitive market models
• Iterated dominance
• Input demand curve
• Leisure choice
• Wage rates
• Minimum wage
• Hidden costs
• General equilibrium analysis
• Public goods