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Open economy

international trade and finance

This course contains 5 segments:

The balance of payments

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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Time

2 hours

Via

Khan Academy

This course belongs to a collection called AP®︎ Macroeconomics. It's comprised of nine courses:

Basic economics concepts
Economic indicators and the business cycle
Long-run consequences of stabilization policies
Prepare for the 2020 AP Macro Exam
Every graph used in AP Macroeconomics
National income and price determination
Financial sector
Open economy: international trade and finance (viewing)
AP®︎ Macroeconomics Standards mappings

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