Slide 1 Gross Domestic Product (GDP) and Business Fluctuations MSc EPS Hilary term 2011 (S2) Professor Dermot McAleese Slide 2 OUTLINE Definition of GDP Real vs.…
Gross Domestic Product (GDP) and Business Fluctuations MSc EPS Hilary term 2011 (S2) Professor Dermot McAleese OUTLINE Definition of GDP Real vs. nominal GDP …
Balance of Payments and Exchange Rates Introduction: Open vs closed economy Three kinds of openness: Free trade in goods and services Restrictions: , etc. Free movements…