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Download International Economics Imports Exports Net Exports Balance of
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International Economics Imports Exports Net Exports Balance of trade Terms of trade Absolute advantage Comparative advantage Trade deficit Trade Surplus Globalization Tariffs Quotas Embargos GATT- WTO NAFTA EU catch-up effect Foreign Direct Investment foreign portfolio investment Closed economy Open economy Financial account Current account Product market Financial market Net capital outflow Trade surplus Trade deficit Nominal exchange rate Real exchange rate Appreciation (of Currency) Depreciation (of Currency) Purchasing power parity Big Mac Index Foreign exchange market Twin deficits Capital flight Formulas Opportunity cost- inputs and outputs Write the formula for inputs Insert numbers and solve Write the formula for outputs Insert Numbers and solve Beneficial Terms of Trade Considering opportunity cost, when will countries choose to trade? Create a chart with 2 countries, 2 products and the opportunity costs (insert numbers) Based on the numbers above when will each country choose to trade? When will each country choose not to trade? Models Current and Financial Accounts Balance Sheet Current Account List of topics that make-up the account Examples of each topic Currency Exchange Draw a graph showing the exchange rate Financial Account List of topics that make-up the account Examples of each topic Draw a graph showing an increase and a decrease in demand in the exchange market Draw an exchange market graph (US) that show an increase in the price level of the US Draw a graph showing an increase and decrease in supply in the exchange market Draw an exchange market graph (US)that shows a decrease in the GDP of the US Draw an exchange market graph (US) that shows an increase in the real interest rate in a country other than the US
