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Principles of Macroeconomics ECON 401 Week 8, Day 14

Principles of Macroeconomics ECON 401 Week 8, Day 14. Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business”. 卜安吉. Chapter 31: The Open Economy. Pay Extremely close attention to:. Trade: The Summary on page 683 The U.S. case study (pp. 683-5 and PPT) Exchange Rates:

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Principles of Macroeconomics ECON 401 Week 8, Day 14

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  1. Principles of MacroeconomicsECON 401Week 8, Day 14 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉

  2. Chapter 31: The Open Economy Pay Extremely close attention to: • Trade: • The Summary on page 683 • The U.S. case study (pp. 683-5 and PPT) • Exchange Rates: • Real Exchange Rates • PPP: Implications and Limitations! Principles of Macroeconomics, Day 14

  3. Chapter 31 • What is the Hamburger Standard? • We also covered the Federal Budget Constraint AGAIN! • Closed versus Open Economy • Appreciation versus Depreciation Principles of Macroeconomics, Day 14

  4. Chapter 30 • Homework #6: • Pp. 670-1, do Problems and Applications 3, 7, and 8 • Due Thursday, May 8 at the beginning of class. • 10 points Principles of Macroeconomics, Day 14

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