Open and Closed Economies

2/1/2001


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Table of Contents

Open and Closed Economies

Open and Closed Economies

An Open Economy

An Open Economy

The Flow of Goods: Exports, Imports, Net Exports

The Flow of Goods: Exports, Imports, Net Exports

The Flow of Goods: Exports, Imports, Net Exports

Factors That Affect Net Exports

Factors That Affect Net Exports

PPT Slide

The Flow of Capital: Net Foreign Investment

The Flow of Capital: Net Foreign Investment

Variables that Influence Net Foreign Investment

The Equality of Net Exports and Net Foreign Investment

Saving, Investment, and Their Relationship to the International Flows

Saving, Investment, and Their Relationship to the International Flows

PPT Slide

PPT Slide

Real and Nominal Exchange Rates

Nominal Exchange Rates

Nominal Exchange Rates

Nominal Exchange Rates

Nominal Exchange Rates

Real Exchange Rates

Real Exchange Rates

Real Exchange Rates

Real Exchange Rates

Real Exchange Rates

Real Exchange Rates

Purchasing-Power Parity

Purchasing-Power Parity

Basic Logic of Purchasing-Power Parity

Basic Logic of Purchasing-Power Parity

Basic Logic of Purchasing-Power Parity

Implications of Purchasing-Power Parity

Implications of Purchasing-Power Parity

PPT Slide

Limitations of Purchasing-Power Parity

Summary

Summary

Summary

Summary

Summary

Author: Mark P. Karscig

Email: stutes@mnstate.edu

Home Page: web.mnstate.edu/stutes