TAILIEUCHUNG - Lecture Macroeconomics - Chapter 18: Exchange rates and the balance of payments

In this chapter you will learn: What determines the supply of and demand for a nation’s currency, about a nation’s balance of payments, what a flexible exchange rates system is and its effects on the domestic economy, what a fixed exchange rates system is and its effects on the domestic economy, about the history of the world’s international exchange-rate systems. | CHAPTER 18 EXCHANGE RATES AND THE BALANCE OF PAYMENTS SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE In this chapter you will learn What determines the supply of and demand for a nation’s currency About a nation’s balance of payments What a flexible exchange rates system is and its effects on the domestic economy What a fixed exchange rates system is and its effects on the domestic economy About the history of the world’s international exchange-rate systems Chapter 18 Topics Financing International Trade The Balance of Payments Flexible Exchange Rates Fixed Exchange Rates International Exchange Rate Systems Financing International Trade Assume $2 = £1 1. $300,000 in Canadian telecommunications equipment purchased by a British buyer for £150,000 2. £150,000 cheque drawn on British bank to pay for equipment 3. £150,000 cheque is exchanged for $300,000 at a Canadian bank 4. Canadian bank sends £150,000 cheque to London bank for future transactions Points to Remember Canadian exports .

• Kinh tế học
• Macroeconomic activity
• Lecture Macroeconomics
• Macroeconomic environment
• Financial system
• Exchange rates
• Balance of payments
• Macroeconomic adjustments
• Method of economics
• Nature of economics
• Macroeconomic policy
• Macroeconomic
• Theoretical Model
• publication
• transmitted
• electronic
• mechanical
• photocopy
• Economic problem
• Foundation of economics
• Individual markets
• Market equilibrium
• Market system
• Canadian economy
• Global economy
• International trade
• Measuring domestic output
• Income approach
• Economic growth
• Business cycle
• Aggregate expenditures model
• Equilibrium GDP
• Aggregate demand
• Aggregate supply
• Fiscal policy
• Legislative mandates
• Public debt
• Budget philosophies
• Canadian financial system
• Functions of money
• Balance sheet
• Chartered bank
• Monetary policy
• Bank of Canada
• New economy
• Trade barriers
• Economic models
• Functional notation