Open economy
international trade and finance
In this unit, you'll learn about open economies, how a country’s transactions with the rest of the world are recorded in the balance of payments accounts, how market forces and public policy affect the foreign exchange market, and how changes in net exports and financial capital flows affect financial and goods markets.
This course contains 5 segments:
The balance of payments
Governments keep track of international transactions in the same way a person might track their checking account balance. In this lesson, learn about the system that is used to keep track of how funds move into, and out of, a country.
Exchange rates
Learn about what an exchange rate is, and how the price of a currency is another currency in this lesson.
The foreign exchange market
Most country's use their own money to carry out transactions, which means anyone who wants to carry out a transaction in another country has to exchange their money for the other country's money. In this lesson, learn about exchange rates and the foreign exchange market.
Effect of changes in policies and economic conditions on the foreign exchange market
Real interest rates and international capital flows
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| Rating | Not enough ratings |
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| Length | 5 segments |
| Starts | On Demand (Start anytime) |
| Cost | Free |
| From | Khan Academy |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business Social Sciences |
| Tags | Economics-Finance-Domain |
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Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile.
Foreign Exchange Specialist 2 $48k
Reporter (Foreign Exchange) $58k
Senior Foreign Exchange Analyst $75k
Foreign Exchange Credit Administrator $80k
Foreign Exchange Management Analyst $81k
Foreign Exchange Operations Specialist $85k
Supervisor Foreign Exchange Trader $91k
Foreign Exchange Trading and Sales $99k
Foreign Exchange Sales Consultant $102k
Foreign Exchange Emerging Markets $110k
Foreign Exchange Operation Analyst $122k
Analyst - Foreign Exchange $132k
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| Rating | Not enough ratings |
|---|---|
| Length | 5 segments |
| Starts | On Demand (Start anytime) |
| Cost | Free |
| From | Khan Academy |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business Social Sciences |
| Tags | Economics-Finance-Domain |
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