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International (Exchange Rates (Appreciation/Depreciation, Revalue/Devalue,…
International
Exchange Rates
Appreciation/Depreciation
Revalue/Devalue
Fixed vs Floating :key:
Effect on imports/exports (MLC)
Diagrams
Free Trade
Advantages/Disadvantages
Comparitive/Absolute Advantage
WTO
Purchasing Power Parity
Protectionism
Tariffs
Quota :key:
Subsidy :key:
(Other measures)
Balance of Payments
Components
Current Account
Financial Account
Capital Account
Causes of a Current Account deficit
Maths
Calculating
Balance of trade
Current Account surplus/deficit
Economic Integration
Levels
Distinctions between levels
Integration of country
Evaluate whether or not they should
Trade creation vs Trade diversion
Terms of Trade
Ratio: (export prices/ import prices) x 100