Understanding International Trade and Macroeconomics
Classified in Economy
Written at on 
English with a size of 1.01 KB.
International Trade:
- Comparative advantage
- Case for free trade
- Terms of trade
- Trade barriers
The Real Goods and Services Market:
- Gross Domestic Product (GDP)
- Inflation
- Unemployment
- Aggregate Demand and Aggregate Supply
Money, Banking, and the Central Bank:
- Money
- Commercial Banks
Monetary Policy:
- Purpose of monetary policy
- Main tools of monetary policy
Fiscal Policy:
- Role of government
- Discretionary vs. non-discretionary fiscal policy
Foreign Exchange Market:
- Foreign exchange rate
- Nominal vs. Real exchange rate
- Central bank intervention
Balance of Payments:
- Definition of BoP
- Main accounts of BoP
3 Sector Model of Macroeconomic Analysis:
- Purpose of 3SM
- Interconnectedness of the 3 sectors
- 3-step process of 3SM analysis