Lesson 6 of 11 • 12 upvotes • 8:52mins
In this lesson, the real exchange rate and the nominal exchange rate are explained. The PPP concept is also defined in here. The lesson also explains Nominal Effective Exchange Rate and Real Effective 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