PPT-Price Levels and the Exchange Rate in the Long Run

Chapter 16 International Economics Udayan Roy Long Run and Short Run Long run theories are useful when all prices of inputs and outputs have enough time to adjust fully to changes in supply and demand. s. Lecture. 6. Vallyon. Andrea. 1. Agenda. Presentation about the money history. Exchange rate systems. History of . I. nternational. . M. onetary. . S. ystems . 2. Learning goals. 3. To describe the different types of exchange rate systems. Exchange Rates. Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System.. TEKS. Economics. The student understands the reasons for international trade and its importance to the United States and the global economy. The student is expected to:. Financial. Theory. Lecture 12. International Finance. Today. Capital Budgeting (international style). Financing (international style). Topics. Exchange rates. Currency risk. Managing Currency Risk. Capital Budgeting w/ currency risk. Rates. and . Asset. . Returns. – . numerical. . example. . . . . Ms. Faith . Moono. . Simwami. mo.simwami@gmail.com. 1. The Birth of FOREX Markets. Gold standard system (1875). Bretton Woods System (July 1944 – August 1971). Bretton Woods led to the formation of the following:. Ms. Faith . Moono. . Simwami. mo.simwami@gmail.com. 1. The Foreign Exchange Market. This . is . an organizational/institutional framework through which one currency is traded for another. This market serves a number of functions including the following. The Supply and Demand . for Currencies. Foreign Exchange Markets and . Chuck E. Cheese’s. Chuck E. Cheese’s does not accept cash for. their games (including the ever-popular. “Whack-a-Mole”), only tokens.. Topic: Exchange, PPP and International Monetary Systems. Contact Information and website. Dr. Dave McEvoy. Associate Professor of Economics. Appalachian State University, NC 28608. Email: . mcevoydm@appstate.edu. Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System.. TEKS. Economics. The student understands the reasons for international trade and its importance to the United States and the global economy. The student is expected to:. introduction. At the most basic level, exchange rates are determined by demand and supply of one currency relative to the demand and supply of another.. However differences in relative demand and supply explain the determination of exchange rates, they do it only in a superficial sense.. th. , 2014. Class 9. The Open Economy (Cont.) . Krugman. (2006). CSI: Trade Deficit. Where is the puzzle. ?. The U.S. Current Account, 2010. Source: www.bea.gov . Current Account Deficit: Review. Difference between exports and imports of goods and services of a country. Dr. . Pravin. Kumar . Agrawal. Assistant Professor. Department of Business Management. CSJMU. MBA (Business Economics). Foreign Exchange Market . Foreign exchange market is the market in which foreign currencies are bought and sold. This market is also termed as Currency, FX, or . Understanding Macroeconomics. : . Our Game Plan. Understanding Macroeconomics. -- Our Game Plan. A model is like a road map. It illustrates . inter-relationships. .. We will use the circular flow of output and income between the business and household sectors to illustrate macro-economic . Quick guide. Made by: . Serfőző. . Gergő. Definitions: . Currency:. a system of money in general use in a particular country.. Forms:. cash (bills, coins) . Foreign currency account: . A foreign currency account is a bank account in the currency of another country (e.g. a dollar account in the UK)..