Class Notes (838,386)
Canada (510,872)
Economics (806)
ECON102 (145)
Susan Kamp (10)
Lecture

Lecture outline 1, 3 April

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Department
Economics
Course
ECON102
Professor
Susan Kamp
Semester
Winter

Description
Lecture Outline for week of March 31, 2014 Balance of payments • Definition o Balance of payment accounting:  rules • 3 parts o Current account o Capital account o Official reserves/settlement account  The “balance”, “deficit”, “surplus” • Balance of Payments and the Foreign Exchange Market o Using the foreign exchange market explain a “Balance” of  Payments as well as a Balance of Payments “Deficit” and  “Surplus”
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