Lesson 8 of 11 • 5 upvotes • 8:49mins
This lesson talks about the fixed exchange rate system of determining the exchange rate. The devaluation and revaluation of the currency are also discussed. The lesson also explains the managed floating system of determining exchange rate.
11 lessons • 1h 40m
Course Overview
4:43mins
Introduction to Open Economy
9:05mins
Balance of Payments
5:42mins
BoP Surplus and Deficit
9:07mins
Foreign Exchange Market: An Introduction
6:42mins
Foreign Exchange Rate
8:52mins
Determination of Exchange Rate: Flexible Exchange Rate
11:41mins
Determination of Exchange Rate: Fixed Exchange Rate
8:49mins
Determination of income in an open economy
12:34mins
Equilibrium output and the trade balance
13:29mins
Trade deficits, savings and investment
9:13mins