PPT with worked examples to follow
11.2 Exchange rates
11.2.1 measurement of exchange rates:• distinction between nominal and real exchange rates• trade-weighted exchange rates
11.2.2 determination of exchange rates under fixed and managed systems
11.2.3 distinction between revaluation and devaluation of a fixed exchange rate
11.2.4 changes in the exchange rate under different exchange rate systems
11.2.5 the effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysis
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FULL SYLLABUS - UNIT 7 -TO 11 (A2 ECONS)
7 The price system and the microeconomy (A Level) 8 Government microeconomic intervention (A Level) 9 The macroeconomy (A Level) 10 Government macroeconomic intervention (A Level) 11 International economic issues (A Level)
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11 International economic issues (A Level)
11.1 Policies to correct disequilibrium in the balance of payments 11.2 Exchange rates 11.3 Economic development 11.4 Characteristics of countries at different levels of development 11.5 Relationship between countries at different levels of development 11.6 Globalisation
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11 International economic issues (A-Level Econs)
11.1 Policies to correct disequilibrium in the balance of payments 11.2 Exchange rates 11.3 Economic development 11.4 Characteristics of countries at different levels of development 11.5 Relationship between countries at different levels of development 11.6 Globalisation
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