Slide 1 Slide 2 Aims and Objectives Aim: Understand the importance of current account changes. Objectives: Define current account Explain why our trade balance is important…
* Chapter 3 Elasticity and absorption approaches to the balance of payments * 3.1 Introduction This chapter studies two models that investigate the impact of exchange-rate…
Slide 1 Absolute and Comparative Advantage A2 Economics Slide 2 Aims and Objectives Aim: Understand the theory of absolute and comparative advantage. Objectives: Define the…